731 N Tower Rd

$2,400,000
Price
Beds
Baths
24,000 Sq. Ft.
$100 / Sq. Ft.
24,000
Sq. Ft.
$100
per Sq. Ft.

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...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.
  1. Listed by Victor Fuentes • TREC #801071391 • Big Realty

Property Details for 731 North Tower Road

Community Features
Sidewalks, Street Lights
Subdivision Name
Shea Estates
LISTING UPDATED: 12/08/2025 08:39 PM

Property Details for 731 North Tower Road

StatusActive
MLS #467850
Days on Market252
Taxes$35,000 / year
HOA Fees-
Condo/Co-op Fees$400 / year
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built2017
CountyHidalgo County

Location

Listing Courtesy of Big Realty
Add your commute

Building Information for 731 North Tower Road

Building/Complex731 N Tower RdFloor-Stories1Residences20Pet Policy-Pet Policy Details-Year Built2017Building Size-

Payment Calculator

$14,809 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,859

Property Taxes

$2,917

HOA Dues

$33

The Payment Calculator is for illustrative purposes only.

Property Information for 731 North Tower Road

Summary
Location and General Information
  • Directions: N on Tower Road. To the West side before the first stop sign.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 40.0
  • Carport YN: Yes
  • Covered Spaces: 40.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: Detached
  • Parking Total: 40.0
School Information
  • Elementary School: Santos Livas
  • Elementary School District: PSJA ISD
  • High School: PSJA Memorial H.S.
  • High School District: PSJA ISD
  • Middle Or Junior School: Vela
  • Middle Or Junior School District: PSJA ISD
Taxes and HOA
  • Association: No
  • Parcel Number: S309000000000100
  • Tax Annual Amount: $35,000
  • Tax Legal Description: SHEA ESTATES LOT 1 & 2 & 5
  • Tax Year: 2024
Virtual Tour
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 24000.0
  • Building Area Units: Square Feet
  • Living Area: 24000.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Features: Alley, Sidewalks, Sprinkler System
  • Lot Size Acres: 1.39
  • Lot Size Area: 1.39
  • Lot Size Square Feet: 60547.9644
  • Lot Size Units: Acres
Property and Assessments
  • Year Built: 2017
  • Year Built Source: HCAD
  • Escrow: $10,000.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 13
  • Sewer: City Sewer
  • Utilities: Cable Available
  • Water Source: Public
Green Features
  • Green Energy Efficient: None, Other, Thermostat
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sprinkler System
  • Fencing: Decorative Metal
  • Pool: No
  • Number Of Buildings: 9
  • Construction Materials: Stone, Stucco
  • Other Structures: Office
  • Patio And Porch Features: Patio, Patio Slab
  • Roof: Composition Shingle
Interior Features
  • Appliances: Electric Water Heater, Water Heater (Laundry Room), Electric Cooktop, Refrigerator
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Porcelain Tile, Tile
  • Heating: Central
  • Heating: Yes
  • Interior Features: Ceiling Fan(s), Dryer, Microwave, Split Bedrooms, Walk-In Closet(s), Washer
  • Laundry Features: Laundry Closet, Washer/Dryer Connection
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $18,000.00
  • Insurance Expense: $1,250.00
  • Maintenance Expense: $400.00
Multi-Family Information
  • Number Of Units In Community: 3
  • Number Of Units Total: 20
  • Other Expense: $750.00

Property History for 731 North Tower Road

DateEvent & SourcePriceAppreciation
Apr 15, 2025

Listed (Active)

Greater McAllen Association of REALTORS #467850

$2,400,000
Feb 26, 2025

Expired

Greater McAllen Association of REALTORS #453635

$1,199,950
Nov 12, 2024

Listed (Active)

Greater McAllen Association of REALTORS #453635

$1,199,950
Feb 20, 2017

Sold

Greater McAllen Association of REALTORS #148794

Feb 7, 2017

Pending

Greater McAllen Association of REALTORS #148794

Aug 2, 2011

Listed (Active)

Greater McAllen Association of REALTORS #148794

$125,000
DateEvent & SourcePrice
04/15/2025

Listed (Active)

Greater McAllen Association of REALTORS #467850

$2,400,000
02/26/2025

Expired

Greater McAllen Association of REALTORS #453635

$1,199,950
11/12/2024

Listed (Active)

Greater McAllen Association of REALTORS #453635

$1,199,950
02/20/2017

Sold

Greater McAllen Association of REALTORS #148794

02/07/2017

Pending

Greater McAllen Association of REALTORS #148794

08/02/2011

Listed (Active)

Greater McAllen Association of REALTORS #148794

$125,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 731 North Tower Road

Taxable ValueLand$227,070Additions$1,318,935Total$1,546,005
Tax Record2024$28,735 ($2,395 / month)
Home Facts
Total Finished SqFt16,016 SqFtAbove Grade Finished SqFt16,016 SqFtStories1Lot Size39,152 SqFtStyleOffice BuildingYear Built2017ZoningCOCountyHIDALGOAPNS3090-00-000-0001-00

Schools near 731 North Tower Road

This home is within Pharr-San Juan-Alamo Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Santos Livas Elementary School
PublicPK to 5

Alamo Middle School
Public6 to 8

Psja Memorial High School
Public9 to 12

PSJA COLLEGIATE
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

731 North Tower Road is a multi-family home for sale in Alamo, TX 78516. This property was listed for sale on April 15, 2025 by Big Realty, it's currently listed at $2,400,000. It has been on the market for a total of 252 days and was last sold on February 21, 2017. This listing's school district is Pharr-San Juan-Alamo Independent School District. Nearby schools include Santos Livas Elementary School, Alamo Middle School and Psja Memorial High School. 731 North Tower Road is a 0-bed, 0-bath, 24,000 sqft multi-family home built in 2017.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Big Realty

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.