About 1201 E Iris Avenue
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.
Features of 1201 E Iris Avenue
| MLS® # | 509959 |
|---|---|
| Price | $975,000 |
| Square Footage | 6,639 |
| Acres | 0.41 |
| Year Built | 2024 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1201 E Iris Avenue |
|---|---|
| Subdivision | Park Terrace |
| City | McAllen |
| County | Hidalgo |
| State | TX |
| Zip Code | 78504 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Dryer, Microwave, Washer |
|---|---|
| Appliances | Electric Water Heater, Smooth Electric Cooktop, Microwave, Refrigerator |
| Heating | Central, Electric |
| Cooling | Central Air, Electric |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior Features | Other |
|---|---|
| Roof | Shingle |
| Construction | Stucco |
| Foundation | Slab |
School Information
| District | McAllen ISD |
|---|---|
| Elementary | Milam |
| Middle | Cathey |
| High | Memorial H.S. |
Additional Information
| Date Listed | July 18th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| HOA Fees | 600 |
| HOA Fees Freq. | Annually |
Listing Details
| Agent | Yessenia Garcia |
|---|---|
| Office | WINNERS CIRCLE |
| Contact Info | 956-250-7453 |