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4,500 sqft

$555,000

1408 E Iris Avenue, McAllen, Mc Allen TX, 78501

Price per sqft$123.33
Built in2023
Property size4,500 sqft
Property typeMulti-family

Overview

Active

Listed Feb 16, 2026

Updated Jul 10

Modern fourplex in a gated community with controlled access. The property consists of two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units, providing an ideal mix for strong rental demand. Each unit features a modern design and comes fully equipped with washer, dryer, microwave, stove, and refrigerator. Contemporary finishes, functional layouts, and quality construction make this a low-maintenance asset built for long-term performance. Located in an amazing area close to the expressway, shopping centers, restaurants, hospitals, and schools, this property offers convenience and strong tenant appeal. Situated within a gated community, it provides added privacy and security. Whether you're an investor seeking a turnkey, cash-flowing asset or a first-time buyer looking to offset your mortgage with rental income, this fourplex presents a rare opportunity in one of McAllen’s most desirable locations.

$3,692/mo

Est. mortgage payment based on a $555,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
494685

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.24 Acres

Other Property Details

Taxes
$12,859
Tax Frequency
Annually
Association Fee Frequency
Yearly
MLS provider logo

Listed by Denyss Alanis with Blue Diamond Realty Group LLC
Listing Contact: 956-467-2120 

The IDX display contains information sourced from the Greater McAllen Association of REALTORS® as of 7/10/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 the Greater McAllen Association of REALTORS® all rights reserved.

Data last updated on 7/10/2026 at 2:53 AM UTC

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