1201 E Iris Ave, McAllen, TX 78501
Property image
Property image
FOR SALE
0.41 ACRES

$975,000

  • Studio
  • 6,639 sqft (on 0.41 acres)

1201 E Iris Ave, McAllen, TX 78501

Est. Mortgage $6,950/mo*
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Home Highlights

Property Type
Multi-Family
Year Built
2024
Lot Size
0.41 acres
Price/Sqft
$147
Parking
8 Carport Spaces
HOA
$50/Monthly

Local Information

  • Map ViewExplore the area around 1201 E Iris Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 5 hours ago
Listing courtesy of Yessenia Garcia, (956) 250-7453
Winners Circle
Source: Greater McAllen AOR, MLS#509959
Also Listed on Greater McAllen AOR.

Home Details for 1201 E Iris Ave

Interior Features

Dimensions and Layout
Living Area: 6639 Square Feet
Appliances & Utilities
Appliances: Electric Water Heater, Smooth Electric Cooktop, Microwave, RefrigeratorLaundry: Laundry Area,Washer/Dryer ConnectionMicrowaveRefrigerator
Heating & Cooling
Heating: Has Heating Unspecified TypeHas CoolingAir Conditioning: Central Air,ElectricHas HeatingHeating Fuel: Has Heating Unspecified Type
Windows, Doors, Floors & Walls
Flooring: Tile
Levels, Entrance, & Accessibility
Floors: Tile
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: PatioFencing: WoodOther Structures: Outbuilding (None)Exterior: OtherFoundation: Slab
Parking & Garage
Number of Carport Spaces: 8Number of Covered Spaces: 8Has a CarportNo GarageParking Spaces: 8Parking: No Garage
Frontage
Road Surface Type: Paved
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 46

Property Information

Year Built
Year Built: 2024
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: StuccoDoes Not Include Home Warranty
Property Information
Parcel Number: P375800000005800

Price & Status

Price
List Price: $975,000Price Per Sqft: $147
Status Change & Dates
Possession Timing: Closing and Funding

Active Status

MLS Status: Active

Location

Direction & Address
City: McAllenCommunity: Park Terrace
School Information
Elementary School: MilamElementary School District: McAllen ISDJr High / Middle School: CatheyJr High / Middle School District: McAllen ISDHigh School: Memorial H.S.High School District: McAllen ISD

Agent Information

Listing Agent
Listing ID: 509959

Building

Building Area
Building Area: 6639 Square Feet

Community

Community Features: Gated, Sidewalks, Street LightsUnits in Building: 6

HOA

HOA Name: TBDHas an HOAHOA Fee: $600/Annually

Lot Information

Lot Area: 0.41 acres

Energy

Energy Efficiency Features: Thermostat

Miscellaneous

Mls Number: 509959

Additional Information

GatedSidewalksStreet Lights

Around this home

What Locals Say about McAllen

At least 746 Trulia users voted on each feature.

  • 84 % Say parking is easy

  • 81 % Say car is needed

  • 80 % Say it's dog friendly

  • 78 % Say yards are well-kept

  • 75 % Say there's holiday spirit

  • 74 % Say there are sidewalks

  • 68 % Say it's quiet

  • 65 % Say people would walk alone at night

  • 63 % Say streets are well-lit

  • 57 % Say kids play outside

  • 56 % Say they plan to stay for at least 5 years

  • 43 % Say it's walkable to restaurants

  • 43 % Say neighbors are friendly

  • 38 % Say it's walkable to grocery stores

  • 24 % Say there are community events

  • 20 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Britney Fuentes
    "It’s a very family friendly area no concerns for theft or break-ins. My family feel safe. We also have barbecues and the neighbors are all friendly"
    0
    Flag
  • Sptjf
    "We had holiday celebrations with the neighbors when the kids were growing up like Halloween Christmas New Year and birthdays"
    0
    Flag
  • Domenech.v777
    "I lives here for three years and every year gets better. People here are very friendly. Everywhere you go there’s always someone who is willing to help you and talk to you. There’s no other place like it."
    0
    Flag
  • N Hdz
    "Not all dog owners clean up after their dogs. The dogs will pee on the bushes closest to the sidewalk and owners do not prevent it, causing plants to die"
    0
    Flag
  • Aronquintanilla
    "Crazy traffic. And crazy drivers. This area became very populated. The city is on a grid lock where there’s no more land to buy. "
    2
    Flag
  • Eden B.
    "Lots of places to go outside and exercise or do activists with the kids. Dogs can be easily walked. "
    4
    Flag
  • Dasilvanara
    "Lots of families and parks. The area is very safe. The schools around here are excellent. This is a great place to raise a family."
    1
    Flag
  • Analicia S.
    "There’s sometimes neighbors dogs running around loose in the neighborhood. The dogs around here are friendly and well taken care of."
    0
    Flag
  • Dasilvanara
    "My neighborhood is a great place. It is safe and has lots of public parks and shopping nearby. I have lived all over the US and would recommend this area above all!"
    1
    Flag
  • Lisa R. .
    "there are many family members living in the area. it's a very safe environment to live with uour family "
    6
    Flag
  • Kerryd25
    "There are activities at times during the Halloween season to make it a family social and encourage others in the neighborhood."
    1
    Flag
  • Erika L.
    "I have lived in this neighborhood my whole life, people have always been very friendly. Streets and sidewalks are well maintained. The exterior of each home are well kept. "
    0
    Flag
  • Amanda W.
    "McAllen is a great city to raise a family but still best to always watch your children when they play outside"
    1
    Flag
  • Cindy D.
    "It’s really family environment, you can take your dog out with a leash with no problem and can do a walk at every hour, really safe"
    0
    Flag
  • Trulia User
    "School are great in this area. One of the safest cities to live in. Living expenses are not high, which is great. "
    0
    Flag
  • Jaimerubio.rgv
    "Due to cats in the neighborhood, dogs tend to get distracted by them. Other than that, nice place to walk your dogs."
    2
    Flag
  • Yolandatorresc
    "Great community with good neighbors and quiet area. Like it! It’s clean and safe area to live and have the family safer place "
    0
    Flag
  • Jaimerubio.rgv
    "The culture of this are makes it a great place to raise a family and the shopping is great too. The city does a great job of making the citizen feel welcome."
    0
    Flag
  • Dasita
    "Great surrounfigs and living area, the best of Mcallen to live, access to many restaurants, golf courses, hospitals, shopping and leisure activities are just around the corner."
    0
    Flag
  • Kblack011013
    "It is very safe and peaceful for families to live here. I like living in McAllen rather than a large city. Great place to raise kids"
    0
    Flag
  • Iesha E.
    "It has a lot of areas for pets to be and common areas often allow dogs as well. "
    1
    Flag
  • Claudio M.
    "Safe neighborhood to walk dogs with your family. Traffic isn’t to heavy and pets are well tamed. No issues"
    0
    Flag
  • Kathigflo
    "Rice street parade! Old car show! Tin Cup events! Dollar Tree store! Fast food restaurant s! No parking signs on arrive st!"
    3
    Flag
  • Austinallansinclair
    "No good grass in the area. Everything is dead looking like a desert type of surrounding. The heat is horrible always 102 degrees is not more than that on a daily basis. "
    0
    Flag
  • Lilirios44
    "No any longer but ppl it’s polite and respectful . Overall it’s a nice environment. Public school has community events "
    0
    Flag
  • Veronik55
    "I would not know. I do not have pet. Maybe they will enjoy the fact that it is in a subdivision and can walk the pet away front traffic and also enjoy the fact that we have sidewalk."
    0
    Flag
  • Tinagarza1423
    "It’s the best area that’s so close to Mexico 😜😜 it’s a growing community and most of my family is here"
    0
    Flag
  • Esther
    "a very safe and friendly place to live and raise your children. vendors are nice as all the neighbors"
    1
    Flag
  • Trulia User
    "Nice please ,the people it’s friendly and the transit it’s always good! I have a good neighbors . The police it’s always alert!"
    0
    Flag
  • Ruby
    "Great neighborhood and neighbors! Good location. Close to schools and shopping. Love north Mcallen and all of its amenities "
    1
    Flag
  • GRV
    "It’s safe, quiet and everyone’s extremely friendly and not just too friendly but neighborly friendly "
    3
    Flag
  • Patty C.
    "My neighborhood has access to McDonalds, Taco Rico, Sonic, Jack In The Box, Wing Stop, Church's Fried Chicken, and HEB. I love my neighborhood."
    1
    Flag
  • Jacqueline R.
    "I’ve been living at this neighborhood for almost a year and it’s been great. The neighbors are friendly."
    0
    Flag
  • S S.
    "There is dog park nearby along with a veterinary hospital. There are a lot of dog owners who walk their dogs mornings and evenings. Definitely a dog friendly area."
    0
    Flag
  • Berbrie
    "Food trucks and arts and craft fairs are some of the highlights of the community. A lot of pet friendly places popping up also"
    1
    Flag
  • Sylvia R.
    "Everyone practically knows everyone. Quiet and quaint. Near many stores. Close to psja, Mission, Edinburg, and Sharyland."
    0
    Flag
  • Adri A.
    "Lived here for 8 months it’s a decent area. Can be noisy during weekends. But overall comfortable with the lighting "
    0
    Flag
  • Mickey
    "It’s nice, quiet and with great friendly neighbors. There’s a good mix of homes, not too many are for sale here "
    0
    Flag

Market trends in McAllen

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$262K
$2.92KMoM
Sale-to-List Price
97.1%
Price per sq ft
$142
$1MoM
Available listings
800
15MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1313 E Hibiscus Ave, McAllen, TX
0.05
Multi-Family Home
-
06/02/26
10
8
4,200
1316 E Hibiscus Ave, McAllen, TX
0.06
Multi-Family Home
-
12/19/25
10
8
4,216
1104 Fern Ave, McAllen, TX
0.17
Multi-Family Home
-
03/09/26
8
8
4,488
1412 E Iris Ave, McAllen, TX
0.14
Multi-Family Home
-
03/17/26
-
4,500
1416 E Iris Ave, McAllen, TX
0.16
Multi-Family Home
-
03/17/26
-
4,500
1109 Eisenhower St, Pharr, TX
0.47
Multi-Family Home
-
01/24/26
2
2
4,907
1607 W Douglas St, Pharr, TX
0.44
Multi-Family Home
-
08/28/26
10
8
3,976
1607 W Bronze St, Pharr, TX
0.44
Multi-Family Home
-
03/09/26
4
4
3,976
3806 Rosewood Ln, Pharr, TX
0.72
Multi-Family Home
-
08/12/26
10
8
4,200
1403 W Heritage Dr, Pharr, TX
0.67
Multi-Family Home
-
05/04/26
8
8
3,648

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1304 E Hibiscus Ave, McAllen, TX 78504
0.01
$645,000
10
8
4,216
For Sale
1312 E Hibiscus Ave, McAllen, TX 78501
0.04
-
5
4
4,200
Off Market
1200 E Hibiscus Ave, McAllen, TX 78501
0.03
-
16
14
7,904
Off Market
1316 E Hibiscus Ave, McAllen, TX 78501
0.06
-
10
8
4,216
Recently Sold
1313 E Hibiscus Ave, McAllen, TX 78501
0.05
-
10
8
4,200
Recently Sold
3405 N L St, McAllen, TX 78501
0.05
$515,100
4
4
3,346
Off Market
1300 E Iris Ave, McAllen, TX 78501
0.08
$535,700
10
8
4,416
Off Market
1400 E Iris Ave, McAllen, TX 78501
0.11
-
10
8
4,416
Off Market
1409 E Hibiscus Ave, McAllen, TX 78501
0.12
-
-
-
-
Off Market
1408 E Iris Ave, McAllen, TX 78501
0.13
$555,000
10
8
4,500
For Sale
1412 E Iris Ave, McAllen, TX 78501
0.14
-
Studio
-
4,500
Recently Sold

Price and Tax history

DateEventPrice
Jul 18, 2026
Source: Greater McAllen AOR #509959
Listed For Sale
$975,000
Jan 17, 2024
Source: Greater McAllen AOR #409978
ListingRemoved
Nov 3, 2023
Source: Greater McAllen AOR #409978
PriceChange
$850,000
Price decreased by 3%
Jul 24, 2023
Source: Greater McAllen AOR #409978
PriceChange
$875,000
Price increased by 3%
Jul 18, 2023
Source: Greater McAllen AOR #409978
Listed For Sale
$850,000

LGBTQ Local Legal Protections

Yessenia Garcia, Winners Circle
Agent Phone: (956) 250-7453
Listing information is deemed reliable, but not guaranteed.

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Frequently asked questions about 1201 E Iris Ave

  • What is the estimated monthly payment for 1201 E Iris Ave?
    Based on a $975,000 list price with 20% down at today's rates, the estimated monthly payment for 1201 E Iris Ave in McAllen, TX is approximately $7,043 (about $5,140 principal & interest, $1,828 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 1201 E Iris Ave compare to homes in McAllen?
    1201 E Iris Ave in McAllen, TX is listed at $975,000, about 272% above the $262K median sale price in McAllen.
  • What do residents say about McAllen?
    Residents describe McAllen, TX as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See homes for sale in McAllen, TX.
  • What are the closest schools to 1201 E Iris Ave?
    The closest schools to 1201 E Iris Ave in McAllen, TX are Allen & William Arnold Elementary School (Pre-K, rated 8/10), Lyndon B Johnson Middle School (rated 5/10), PSJA North High School (rated 6/10).
  • Does 1201 E Iris Ave have air conditioning?
    Yes, 1201 E Iris Ave in McAllen, TX has air conditioning.
  • Does 1201 E Iris Ave have laundry facilities?
    Yes, 1201 E Iris Ave in McAllen, TX has laundry facilities.
1201 E Iris Ave, McAllen, TX 78501 is a studio, 6,639 sqft multi-family built in 2024. This property is currently available for sale and was listed by Greater McAllen AOR on Jul 18, 2026. The MLS # for this home is MLS# 509959.