Property details
About 731 N Tower Rd
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.
Highlights
Summary
- Appliances: Dryer, Microwave, Washer, Electric Water Heater, Electric Cooktop, Refrigerator
- Flooring Type: Tile
- Interior: Ceiling Fan(s), Walk-In Closet(s)
- Parking: Detached
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- List Price: $2,400,000
- Price/SqFt: $100
- Annual Tax Amount: $36,466
- Tax Year: 2023
- Directions: N on Tower Road. To the West side before the first stop sign.
- Year Built: 2017
- Stories: 1
- Living Area: 24,000 SqFt
- Lot Size: 1.39 Acres
- MLS Number: 467850
- MLS Name: McAllenTX
- Office Name: BIG Realty
- Office Phone: (956) 465-0011
- Listing Agent: Victor Fuentes
Listing information provided by Greater McAllen Association of REALTORS MLS. Information is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 7/22/2025, 7:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,366,306 | $36,466 |
| 2022 | $1,105,821 | $30,083 |
| 2021 | $892,751 | $24,729 |
| 2020 | $899,972 | $24,729 |
| 2019 | $784,894 | $21,829 |
| 2017 | $101,250 | $2,890 |
History based on county public records data.
Nearby schools
6
Capt. D. Salinas II S.T.E.A.M. Academy
Public District PK-5
0.8 mi
•333 E Hwy 83
4
Idea Academy Alamo
Public Charter PK-5
0.8 mi
•325 E Sh 495
7
Augusto Guerra Elementary School
Public District PK-5
0.9 mi
•807 State Highway 495
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,059. Typical income of Alamo, TX residents is between $35k-100k annually. Residents typically live in married, with kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Mexican League Soccer
Soccer
NHRA Drag Racing
Where do the neighbors shop?
Burlington
Big Lots
Books-a-Million
Where do the neighbors go to eat?
Church's Chicken
Wingstop
Golden Corral
What do the neighbors drive?
Chevrolet
Nissan
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Christian Adult Contemporary
Adult Standards
Frequently asked questions
About 731 N Tower Rd
The listing price of 731 N Tower Rd property is $2,400,000.
The property 731 N Tower Rd is a condo located in Alamo, Texas, 78516.
Active Listing: 731 N Tower Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 731 N Tower Rd are: Capt. D. Salinas II S.T.E.A.M. Academy (GreatSchools Rating 6/10), Idea Academy Alamo (GreatSchools Rating 4/10), Augusto Guerra Elementary School (GreatSchools Rating 7/10), Audie Murphy Middle School (GreatSchools Rating 6/10), Jesus ''Jesse'' Vela Jr. Middle School (GreatSchools Rating 4/10), R. Yzaguirre Middle School (GreatSchools Rating 4/10), Idea College Preparatory Alamo (GreatSchools Rating 6/10), Vanguard Mozart (GreatSchools Rating 7/10), PSJA Memorial Early College High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $36,466 (source: MLS/based on county public records data).
The property at 731 N Tower Rd has 0 bathroom.
The property 731 N Tower Rd is 24,000 SqFt (source: MLS/tax record).
The year of construction for 731 N Tower Rd is 2017.
This home is located at 731 N Tower Rd in Alamo, TX and zip code 78516. This 24,000 square foot home, which was built in 2017, sits on a 1.39 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 16, 2025 and is currently priced at $2,400,000.