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731 N Tower

Alamo, TX 78516
  • $2,400,000
  • STATUS: Active
  • ON SITE: 324 Days
  • MLS #: 467850
UPDATED: 57 min ago
$2,400,000
  • 0
    BEDS
  • 1.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 24,000
    SQFT
  • $100
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2017
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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.

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© 2026 Greater McAllen Association of Realtors Multiple Listing Service.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Pros. Data last updated: 2026-03-06T08:16:41.52.
www.foxrealestatepros.com/homes/162630862
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731 N Tower Alamo, TX 78516

  • Price: $2,400,000
  • Status: Active
  • On Site: 324 Days
  • Updated: 57 min ago
  • MLS #: 467850
0
Beds
0
Baths
0
½ Baths
1.39
Acres
24,000
SQFT
$100
$/SQFT
2017
Built
Neighborhood:
Shea Estates
County:
Hidalgo
Area:
Alamo
Elementary School:
Santos Livas
Middle School:
Vela
High School:
Psja Memorial H.S.
School District:
Psja Isd
Property Description
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.
Exterior Features

Carport Spaces 40 Carport YN Yes Construction Materials StoneStucco Covered Spaces 40 Exterior Features Sprinkler System Fencing Decorative Metal Foundation Details Slab Garage YN No Lot Features AlleySidewalksSprinkler System Other Structures Office Parking Features Detached Parking Total 40 Patio And Porch Features PatioPatio Slab Pool YN No Road Surface Type Paved Roof Composition Shingle

Interior Features

Appliances Electric Water HeaterWater Heater (Laundry Room)Electric CooktopRefrigerator Cooling Central Air Cooling YN Yes Flooring Porcelain TileTile Heating Central Heating YN Yes Interior Features Ceiling Fan(s)DryerMicrowaveSplit BedroomsWalk-In Closet(s)Washer Laundry Features Laundry ClosetWasher/Dryer Connection

Property Features

Association YN No Community Features SidewalksStreet Lights Green Energy Efficient NoneOtherThermostat Maintenance Expense 400 Other Expense 750 Property Sub Type Apartment Sewer City Sewer Tax Annual Amount 35000 Tax Year 2024 Utilities Cable Available Water Source Public

Listing by Victor Fuentes of Big Realty: 956-465-0011.
© 2026 Greater McAllen Association of Realtors Multiple Listing Service.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Pros. Data last updated: 2026-03-06T08:16:41.52.
 
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