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For sale
  • $2,400,000

    731 N Tower Rd, Alamo, TX 78516

    6beds
    5baths
    24,000sqft
    : 
    Apartment, Multi Family
    Built in 2017
    -- sqft lot
    $-- Zestimate®
    $100/sqft
    $-- HOA

    What's special

    Modern finishesExceptional quality constructionAmple parkingMain thoroughfare
    Rare opportunity to own a high-income producing 20-unit property located directly on Tower Rd, a main thoroughfare just seconds from Expressway 83. This multifamily asset features exceptional quality construction, modern finishes, ample parking, and strong tenant retention. Currently delivering an 8% cap rate with upside potential to increase income even further. Situated in a highly visible and accessible location near commercial centers, this investment offers long-term growth and stability. Don't miss your chance to own one of the best-built properties in the area! All units are FULLY rented. This property also features a large office, perfect to convert into another rental space or to conduct business out of there.
    10 days
    on Zillow
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    Zillow last checked: 7 hours ago

    Listing updated: April 21, 2025 at 12:10pm

    Listed by:

    Victor Fuentes 956-432-1351,

    Big Realty

    Source: Greater McAllen AOR,MLS#: 467850
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 731 N Tower Rd.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air
    Appliances
    • Included: Electric Water Heater, Water Heater (Laundry Room), Electric Cooktop, Refrigerator
    • Laundry: Laundry Closet, Washer/Dryer Connection
    Features
    • Ceiling Fan(s), Split Bedrooms, Walk-In Closet(s)
    • Flooring: Porcelain Tile, Tile
    Interior area
    • Total structure area: 24,000
    • Total interior livable area: 24,000 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 40
    • Parking features: Detached
    • Carport spaces: 40
    Features
    • Patio & porch: Patio, Patio Slab
    • Exterior features: Sprinkler System
    • Fencing: Decorative Metal
    Lot
    • Size: 1.39 Acres
    • Features: Alley, Sidewalks, Sprinkler System
    Details
    • Additional structures: Office
    • Parcel number: S309000000000100

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment, Multi Family
    Materials
    • Stone, Stucco
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 2017

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available
    Green energy
    • Energy efficient items: None, Other, Thermostat

    Community & HOA

    Community
    • Features: Sidewalks, Street Lights
    • Subdivision: Shea Estates
    HOA
    • Has HOA: No
    Location
    • Region: Alamo

    Financial & listing details

    • Price per square foot: $100/sqft
    • Tax assessed value: $1,141,760
    • Annual tax amount: $35,000
    • Date on market: 4/15/2025
    • Road surface type: Paved
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