For sale

Price cut: $10K (6/19)

$549,900

1428 E Iris Ave, McAllen, TX 78501

10beds

8baths

3,900sqft

$4,368/mo

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Quadruplex, Multi Family

Built in 2023

-- sqft lot

$-- Zestimate^®

$141/sqft

$42/mo HOA

What's special

Stylish finishesHigh ceilingsAbundant natural light throughoutSleek contemporary designElegant quartz countertopsModern cabinetryOpen-concept layouts

Multi-family investment opportunity located at 1428 Iris Ave, McAllen, TX! Built in 2023, this modern four-unit property features an excellent unit mix with two spacious 3-bedroom, 2-bath units and two comfortable 2-bedroom, 2-bath units. Each apartment offers a sleek contemporary design with high ceilings, open-concept layouts, elegant quartz countertops, modern cabinetry, stylish finishes, and abundant natural light throughout. The kitchens are designed for both functionality and style, making these units highly attractive for tenants and owner-occupants alike. Conveniently located in the heart of McAllen near shopping, dining, schools, and major roadways, this property combines modern living with strong rental potential. Whether you are looking to expand your investment portfolio or live in one unit while generating income from the others, this is an outstanding opportunity you don’t want to miss!

70 days

188

13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 8

Heating

Has Heating (Unspecified Type)

Cooling

Central Air

Appliances

Included: Electric Water Heater, Refrigerator, Stove/Range
Laundry: Laundry Area

Features

Other
Flooring: Tile

Interior area

Total structure area: 3,900
Total interior livable area: 3,900 sqft

Property

Parking

Total spaces: 8
Parking features: Attached
Carport spaces: 8

Features

Exterior features: Other
Fencing: Wood

Lot

Size: 9,857 Square Feet

Details

Additional structures: Outbuilding
Parcel number: P375800000004300

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family

Materials

Stucco
Foundation: Slab
Roof: Shingle

Condition

Year built: 2023

Utilities & green energy

Water: Public

Green energy

Energy efficient items: Other

Community & HOA

Community

Features: None
Subdivision: Park Terrace

HOA

Has HOA: Yes
HOA fee: $500 annually
HOA name: Streamline Managment

Location

Region: Mcallen

Financial & listing details

Price per square foot: $141/sqft
Tax assessed value: $555,433
Annual tax amount: $13,099
Date on market: 5/24/2026
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,258/mo

Price history

Date	Event	Price
6/19/2026	Price change	$549,900-1.8%$141/sqft
Source: Greater McAllen AOR #505314 Report a problem
5/24/2026	Price change	$559,900+2.4%$144/sqft
Source: Greater McAllen AOR #505314 Report a problem
5/20/2026	Price change	$547,000-1.4%$140/sqft
Source: Owner Report a problem
4/9/2026	Price change	$555,000-1.8%$142/sqft
Source: Owner Report a problem
3/20/2026	Listed for sale	$565,000$145/sqft
Source: Owner Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,606 +5.7%	$555,433 +6%
2024	$10,032 +320.7%	$523,993 +320.3%
2023	$2,385	$124,681

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: 78501

Getting around

35 / 100

Car-Dependent

38 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

8/10
Allen & William Arnold Elementary School
Grades: PK-5Distance: 1 mi
5/10
Lyndon B Johnson Middle School
Grades: 6-8Distance: 1.9 mi
6/10
PSJA North High School
Grades: 9-12Distance: 1.7 mi

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.