$5,700 Closing Credit¹
#452829, Bryanna Hernandez, Listing Office: Imperio Real Estate LLC
$2,400,000 List price
731 N Tower Rd Alamo, TX 78516
$10,000
Closing credit¹
24,000 sqft
1.4 acres
$100 / sqft
Multi-Family
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
Home typeMulti Family
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
Size24,000 sqft
Lot size1.39 Acres
Year built2017
ParkingDetached
MLS #467850
Summary
- 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.
Texas Real Estate Commission Consumer Protection Notice
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Last updated on: 4/19/2025, 8:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,400,000
731 N Tower Rd
$10,000
closing credit¹
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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. Most families are married, with kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
37%
<35k
52%
35k-100k
10%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
21%
Single, No Kids
21%
Single, with Kids
21%
Married, No Kids
37%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
11%
12-17 yrs old
28%
18-34 yrs old
34%
35-64 yrs old
6%
65+ yrs old
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
All data provided by Home Junction and Claritas
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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.
From Rocket Homes Real Estate and based on county public records data.