Rare opportunity to own a high-income producing 20-unit property located directly on Tower Rd, a main thoroughfare just seconds from Expressway 83. This multifamily asset features exceptional quality construction, modern finishes, ample parking, and strong tenant retention. Currently delivering an 8% cap rate with upside potential to increase income even further. Situated in a highly visible and accessible location near commercial centers, this investment offers long-term growth and stability. Don't miss your chance to own one of the best-built properties in the area! All units are FULLY rented. This property also features a large office, perfect to convert into another rental space or to conduct business out of there.
For sale
$2,400,000
731 N Tower Rd, Alamo, TX 78516
6beds
5baths
24,000sqft
:
Get pre-qualified$18,162/mo
Apartment, Multi Family
Built in 2017
-- sqft lot
$-- Zestimate®
$100/sqft
$-- HOA
What's special
Modern finishesExceptional quality constructionAmple parkingMain thoroughfare
- 478 days |
- 30 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Victor Fuentes 956-432-1351,
Big Realty
Source: Greater McAllen AOR,MLS#: 467850
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Water Heater (Laundry Room), Electric Cooktop, Refrigerator
- Laundry: Laundry Closet, Washer/Dryer Connection
Features
- Ceiling Fan(s), Split Bedrooms, Walk-In Closet(s)
- Flooring: Porcelain Tile, Tile
Interior area
- Total structure area: 24,000
- Total interior livable area: 24,000 sqft
Property
Parking
- Total spaces: 40
- Parking features: Detached
- Carport spaces: 40
Features
- Patio & porch: Patio, Patio Slab
- Exterior features: Sprinkler System
- Fencing: Decorative Metal
Lot
- Size: 1.39 Acres
- Features: Alley, Sidewalks, Sprinkler System
Details
- Additional structures: Office
- Parcel number: S309000000000100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family
Materials
- Stone, Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2017
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Green energy
- Energy efficient items: None, Other, Thermostat
Community & HOA
Community
- Features: Sidewalks, Street Lights
- Subdivision: Shea Estates
HOA
- Has HOA: No
Location
- Region: Alamo
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $1,546,005
- Annual tax amount: $35,000
- Date on market: 4/15/2025
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$873/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2025 | Listed for sale | $2,400,000+100%$100/sqft |
Source: Greater McAllen AOR #467850 Report a problem | ||
| 2/28/2025 | Listing removed | $1,199,950$50/sqft |
Source: Greater McAllen AOR #453635 Report a problem | ||
| 11/12/2024 | Listed for sale | $1,199,950$50/sqft |
Source: Greater McAllen AOR #453635 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $34,923 +21.5% | $1,370,112 +20% |
| 2024 | $28,735 -15.6% | $1,141,760 -16.4% |
| 2023 | $34,058 +15.4% | $1,366,306 +23.6% |
| 2022 | $29,514 +21.5% | $1,105,821 +23.9% |
| 2021 | $24,287 | $892,751 -0.8% |
| 2020 | -- | $899,972 +14.7% |
| 2019 | $21,638 +648.5% | $784,894 +2.9% |
| 2018 | $2,891 | $762,424 +653% |
| 2017 | $2,891 -1.5% | $101,250 |
| 2016 | $2,936 +55% | $101,250 +42.9% |
| 2015 | $1,894 | $70,875 +7.7% |
| 2014 | $1,894 | $65,813 +14% |
| 2013 | -- | $57,713 |
| 2012 | -- | $57,713 |
| 2011 | -- | $57,713 |
| 2010 | -- | $57,713 |
| 2009 | -- | $57,713 |
| 2008 | -- | $57,713 +22.8% |
| 2007 | -- | $46,980 |
| 2006 | -- | $46,980 |
| 2005 | -- | $46,980 +16% |
| 2004 | -- | $40,500 |
| 2003 | -- | $40,500 +42.9% |
| 2002 | -- | $28,350 |
| 2001 | -- | $28,350 |
| 2000 | -- | $28,350 |
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.Climate risks
Neighborhood: 78516
Nearby schools
GreatSchools rating
- 6/10Santos Livas Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 5/10Jesus - Jesse - Vela Jr MiddleGrades: 6-8Distance: 1.6 mi
- 4/10PSJA Memorial High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Santos Livas
- Middle: Vela
- High: PSJA Memorial H.S.
- District: PSJA 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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