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.
For sale
$2,400,000
731 N Tower Rd, Alamo, TX 78516
6beds
5baths
24,000sqft
Est.:
Apartment, Multi Family
Built in 2017
-- sqft lot
$-- Zestimate®
$100/sqft
$-- HOA
What's special
Modern finishesExceptional quality constructionAmple parkingMain thoroughfare
- 401 days |
- 60 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Victor Fuentes 956-432-1351,
Big Realty
Source: Greater McAllen AOR,MLS#: 467850
Tour with a local agent
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
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: $1,546,005
- Annual tax amount: $35,000
- Date on market: 4/15/2025
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$873/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2025 | Listed for sale | $2,400,000+100%$100/sqft |
Source: Greater McAllen AOR #467850 Report a problem | ||
| 2/28/2025 | Listing removed | $1,199,950$50/sqft |
Source: Greater McAllen AOR #453635 Report a problem | ||
| 11/12/2024 | Listed for sale | $1,199,950$50/sqft |
Source: Greater McAllen AOR #453635 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $34,923 +21.5% | $1,370,112 +20% |
| 2024 | $28,735 -15.6% | $1,141,760 -16.4% |
| 2023 | $34,058 +15.4% | $1,366,306 +23.6% |
| 2022 | $29,514 +21.5% | $1,105,821 +23.9% |
| 2021 | $24,287 | $892,751 -0.8% |
| 2020 | -- | $899,972 +14.7% |
| 2019 | $21,638 +648.5% | $784,894 +2.9% |
| 2018 | $2,891 | $762,424 +653% |
| 2017 | $2,891 -1.5% | $101,250 |
| 2016 | $2,936 +55% | $101,250 +42.9% |
| 2015 | $1,894 | $70,875 +7.7% |
| 2014 | $1,894 | $65,813 +14% |
| 2013 | -- | $57,713 |
| 2012 | -- | $57,713 |
| 2011 | -- | $57,713 |
| 2010 | -- | $57,713 |
| 2009 | -- | $57,713 |
| 2008 | -- | $57,713 +22.8% |
| 2007 | -- | $46,980 |
| 2006 | -- | $46,980 |
| 2005 | -- | $46,980 +16% |
| 2004 | -- | $40,500 |
| 2003 | -- | $40,500 +42.9% |
| 2002 | -- | $28,350 |
| 2001 | -- | $28,350 |
| 2000 | -- | $28,350 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 78516
Nearby schools
GreatSchools rating
- 5/10Santos Livas Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 5/10Jesus - Jesse - Vela Jr MiddleGrades: 6-8Distance: 1.6 mi
- 4/10PSJA Memorial High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Santos Livas
- Middle: Vela
- High: PSJA Memorial H.S.
- District: PSJA ISD
Source: Greater McAllen AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- Hidalgo County
- Alamo
- 78516
- 731 N Tower Rd
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Alamo Topics
