1408 E Iris Ave
McAllen, TX 78501
- 10 Beds
- 8 Baths
- 4,500 sqft
10 Beds
8 Baths
4,500 sqft
Local Information
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Description
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.
Home Highlights
Parking
Garage
Outdoor
Patio
A/C
Heating & Cooling
HOA
$42/Monthly
Price/Sqft
$126
Listed
81 days ago
Home Details for 1408 E Iris Ave
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Beds & Baths Number of Bedrooms: 10Number of Bathrooms: 8 |
Dimensions and Layout Living Area: 4500 Square Feet |
Appliances & Utilities Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range, WasherDryerLaundry: Laundry Area,Washer/Dryer ConnectionRefrigeratorWasher |
Heating & Cooling Heating: Has Heating Unspecified TypeHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Has Heating Unspecified Type |
Windows, Doors, Floors & Walls Flooring: Tile |
Levels, Entrance, & Accessibility Floors: Tile |
Security Security: Smoke Detector(s) |
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Exterior Home Features Roof: ShinglePatio / Porch: Patio SlabFencing: WoodOther Structures: Outbuilding (None)Exterior: Sprinkler SystemFoundation: SlabSprinkler System |
Parking & Garage Number of Carport Spaces: 8Number of Covered Spaces: 8Has a CarportNo GarageParking Spaces: 8Parking: Garage Faces Rear |
Frontage Road Surface Type: Paved |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 81 |
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Year Built Year Built: 2023 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Quadruplex, Multi Family |
Building Construction Materials: Stucco, Wood SidingDoes Not Include Home Warranty |
Property Information Parcel Number: P375800000003800 |
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Price List Price: $565,000Price Per Sqft: $126 |
Status Change & Dates Possession Timing: Closing and Funding |
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MLS Status: Active |
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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 |
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Listing Agent Listing ID: 494685 |
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Building Area Building Area: 4500 Square Feet |
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Community Features: Gated, Sidewalks, Street LightsUnits in Building: 4 |
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HOA Name: Streamline ManagementHas an HOAHOA Fee: $500/Annually |
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Lot Area: 10288.872 sqft |
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Energy Efficiency Features: None |
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Mls Number: 494685 |
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GatedSidewalksStreet Lights |
Last check for updates: about 17 hours ago
Listing courtesy of Denyss Alanis, (956) 212-7547
Blue Diamond Realty Group Llc
Source: Greater McAllen AOR, MLS#494685
Also Listed on Greater McAllen AOR.
Price History for 1408 E Iris Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 04/28/2026 | $565,000 | PriceChange | Greater McAllen AOR #494685 |
| 02/16/2026 | $620,000 | Listed For Sale | Greater McAllen AOR #494685 |
| 12/12/2023 | -- | Sold | Greater McAllen AOR #411084 |
| 08/07/2023 | $545,000 | Pending | Greater McAllen AOR #411084 |
| 08/01/2023 | $545,000 | Listed For Sale | Greater McAllen AOR #411084 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $10,407 |
| Assessment | $545,000 |
Home facts updated by county records
Comparable Sales for 1408 E Iris Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.07 | Multi-Family Home | - | 09/22/25 | 10 | 8 | 4,216 | |
0.27 | Multi-Family Home | - | 07/18/25 | 10 | 8 | 4,402 | |
0.33 | Multi-Family Home | - | 07/11/25 | 12 | 12 | 5,952 | |
0.61 | Multi-Family Home | - | 05/04/26 | 8 | 8 | 3,648 | |
0.84 | Multi-Family Home | - | 04/29/26 | 12 | 8 | 3,984 | |
0.33 | Multi-Family Home | - | 03/09/26 | 4 | 4 | 3,976 | |
1.00 | Multi-Family Home | - | 11/05/25 | 10 | 8 | 4,128 | |
1.10 | Multi-Family Home | - | 09/09/25 | 10 | 8 | 4,160 | |
1.10 | Multi-Family Home | - | 10/27/25 | 10 | 8 | 4,160 | |
1.10 | Multi-Family Home | - | 12/19/25 | 10 | 8 | 4,160 |
Assigned Schools
These are the assigned schools for 1408 E Iris Ave.
What Locals Say about McAllen
At least 741 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
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Denyss Alanis, Blue Diamond Realty Group Llc
Agent Phone: (956) 212-7547
Listing information is deemed reliable, but not guaranteed.
1408 E Iris Ave, McAllen, TX 78501 is a 10 bedroom, 8 bathroom, 4,500 sqft multi-family built in 2023. This property is currently available for sale and was listed by Greater McAllen AOR on Feb 16, 2026. The MLS # for this home is MLS# 494685.

