1428 E Iris Ave
McAllen, TX 78501
- 10 Beds
- 8 Baths
- 3,900 sqft
10 Beds
8 Baths
3,900 sqft
Local Information
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Description
Modern High-End Quadruplex Apartment – Turnkey Investment with $60,000+ Annual Gross Income
This high-performing investment property in McAllen, TX, offers an immediate, stable return with a proven rental history. All four units are currently 100% occupied by quality tenants, generating over $60,000 in annual gross rental income.
Investment & Income Highlights:
Fully Leased: 100% occupancy across all 4 units ensures immediate cash flow from day one.
Strong Revenue: Producing $60,000+ in yearly gross income, reflecting the high demand for premium rental finishes in the McAllen market.
Low Maintenance: Modern new-construction aesthetic reduces immediate CAPEX requirements.
Premium Unit Features:
Chef-Inspired Kitchens: Sleek two-tone cabinetry paired with white quartz waterfall-edge islands and full stainless steel appliance packages.
Upscale Interiors: Large-format polished porcelain tile flooring throughout for a modern, durable finish.
Designer Bathrooms: Spacious walk-in showers featuring decorative Mediterranean-style tile accents and contemporary floating vanities.
Architectural Details: Living areas boast high tray ceilings with recessed LED lighting and integrated ceiling fans.
Turnkey Privacy: All units are equipped with premium zebra privacy shades on every window.
This high-performing investment property in McAllen, TX, offers an immediate, stable return with a proven rental history. All four units are currently 100% occupied by quality tenants, generating over $60,000 in annual gross rental income.
Investment & Income Highlights:
Fully Leased: 100% occupancy across all 4 units ensures immediate cash flow from day one.
Strong Revenue: Producing $60,000+ in yearly gross income, reflecting the high demand for premium rental finishes in the McAllen market.
Low Maintenance: Modern new-construction aesthetic reduces immediate CAPEX requirements.
Premium Unit Features:
Chef-Inspired Kitchens: Sleek two-tone cabinetry paired with white quartz waterfall-edge islands and full stainless steel appliance packages.
Upscale Interiors: Large-format polished porcelain tile flooring throughout for a modern, durable finish.
Designer Bathrooms: Spacious walk-in showers featuring decorative Mediterranean-style tile accents and contemporary floating vanities.
Architectural Details: Living areas boast high tray ceilings with recessed LED lighting and integrated ceiling fans.
Turnkey Privacy: All units are equipped with premium zebra privacy shades on every window.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$140
Listed
61 days ago
Home Details for 1428 E Iris Ave
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Heating & Cooling Heating: Forced Air, ElectricAir ConditioningCooling System: CentralHeating Fuel: Forced Air |
Interior Details Number of Rooms: 18 |
Appliances & Utilities DisposalMicrowaveRefrigeratorWasher |
Levels, Entrance, & Accessibility Floors: Tile |
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Exterior Home Features Roof: CompositionExterior: Other, StuccoFoundation Type: Slab |
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Days on Market: 61 days on Trulia |
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Year Built Year Built: 2023 |
Property Type / Style Property Type: ApartmentArchitecture: Other |
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Price Price Per Sqft: $140 |
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Lot Area: 6971 sqft |
Price History for 1428 E Iris Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 05/20/2026 | $547,000 | PriceChange | N/A |
| 04/09/2026 | $555,000 | PriceChange | N/A |
| 03/20/2026 | $565,000 | Listed For Sale | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $10,606 |
| Assessment | $555,433 |
Home facts updated by county records
Comparable Sales for 1428 E Iris Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.15 | Apartment | - | 12/19/25 | 2 | 2 | 4,216 | |
4.57 | Apartment | - | 07/31/25 | 2 | 2 | 3,744 | |
5.67 | Apartment | - | 03/20/26 | 2 | 2 | 1,025 | |
5.52 | Apartment | - | 02/24/26 | 3 | 2 | 1,100 | |
6.34 | Apartment | - | 11/26/25 | 3 | 2 | 1,100 | |
6.86 | Apartment | - | 04/13/26 | 2 | 2 | 1,020 | |
6.02 | Apartment | - | 11/13/25 | - | 4,662 | ||
6.10 | Apartment | - | 08/19/25 | - | 4,755 | ||
6.87 | Apartment | - | 04/29/26 | 4 | 3,888 | ||
6.87 | Apartment | - | 04/28/26 | 4 | 3,888 |
Home facts updated by county records
Assigned Schools
These are the assigned schools for 1428 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
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
This property is for sale by owner and Zillow, Inc. is displaying it at the owner’s request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
1428 E Iris Ave, McAllen, TX 78501 is a 10 bedroom, 8 bathroom, 3,900 sqft apartment built in 2023. This property is currently available for sale and was listed on Mar 20, 2026.

