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For sale
    • $975,000

    1201 E Iris Ave, McAllen, TX 78501

    --beds
    --baths
    6,639sqft
    : 
    $7,658/mo
    Get pre-qualified
    Multi Family
    Built in 2024
    -- sqft lot
    $-- Zestimate®
    $147/sqft
    $50/mo HOA

    What's special

    Modern finishes
    Excellent investment opportunity in McAllen's newest multifamily subdivision, Park Terrace! This modern 6-unit apartment complex is ideally located at the corner of Nolana Avenue and Jackson Road, offering exceptional access to the area's top employers, shopping, and dining. Just 4 minutes from Doctors Hospital at Renaissance, 4 minutes from Expressway 281, and minutes from major retail and entertainment destinations, this property is perfectly positioned for strong rental demand. The property features an ideal unit mix of (3) 3-bedroom, 2-bath units and (3) 2-bedroom, 2-bath units. Each unit includes a refrigerator, stove, and microwave, providing added convenience for tenants. Built just 2 years ago, this newer construction offers modern finishes, low maintenance, and an excellent opportunity for investors seeking a quality, income-producing asset in one of McAllen's fastest-growing areas.
    13 days
    |
    54
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Yessenia Garcia 956-250-7453,

    Winners Circle

    Source: Greater McAllen AOR,MLS#: 509959

      Facts & features

      Interior

      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Electric Water Heater, Smooth Electric Cooktop, Microwave, Refrigerator
      • Laundry: Laundry Area, Washer/Dryer Connection
      Features
      • Ceiling Fan(s)
      • Flooring: Tile
      Interior area
      • Total structure area: 6,639
      • Total interior livable area: 6,639 sqft

      Property

      Parking
      • Total spaces: 8
      • Parking features: No Garage
      • Carport spaces: 8
      Features
      • Patio & porch: Patio
      • Exterior features: Other
      • Fencing: Wood
      Lot
      • Size: 0.41 Acres
      Details
      • Additional structures: Outbuilding (None)
      • Parcel number: P375800000005800

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Stucco
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Year built: 2024

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      Green energy
      • Energy efficient items: Thermostat

      Community & HOA

      Community
      • Features: Gated, Sidewalks, Street Lights
      • Security: Smoke Detector(s)
      • Subdivision: Park Terrace
      HOA
      • Has HOA: Yes
      • HOA fee: $600 annually
      • HOA name: TBD
      Location
      • Region: Mcallen

      Financial & listing details

      • Price per square foot: $147/sqft
      • Tax assessed value: $679,583
      • Annual tax amount: $16,027
      • Date on market: 7/18/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,418/mo

        Price history

        DateEventPrice
        7/18/2026Listed for sale$975,000+14.7%$147/sqft
        Source: Greater McAllen AOR #509959 Report a problem
        1/17/2024Listing removed--
        Source: Greater McAllen AOR #409978 Report a problem
        11/3/2023Price change$850,000-2.9%$128/sqft
        Source: Greater McAllen AOR #409978 Report a problem
        7/24/2023Price change$875,000+2.9%$132/sqft
        Source: Greater McAllen AOR #409978 Report a problem
        7/18/2023Listed for sale$850,000$128/sqft
        Source: Greater McAllen AOR #409978 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$12,977 +251.2%$679,583 +252.1%
        2024$3,695 -6%$193,000 -6.1%
        2023$3,930 $205,460
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 78501

        Getting around

        16 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Milam
        • Middle: Cathey
        • High: Memorial H.S.
        • District: McAllen ISD

        Source: Greater McAllen AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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