731 N Tower Road
Alamo, TX 78516
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Bed
0
Bath
24,000Sqft
1.39Acres(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Flooring Information
Tile -
Interior Features
Ceiling Fan(s), Walk-In Closet(s) Appliances: Dryer, Microwave, Washer, Electric Water Heater, Electric Cooktop, Refrigerator, Water Heater Laundry Features: Laundry Closet, Washer Hookup -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air
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Building Information
Year Built: 2017 Building Area Total: 24000 Construction Materials: Stone, Stucco Stories: 1 Patio And Porch Features: Patio Private Pool: No
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Lot Information
Main Square Feet: 1.39 Acres Lot Size Acres: 1.39 Lot Size Square Feet: 60547.9644Property Information
Subdivision: Shea Estates Source Property Type: Residential Income Property SubType: Apartment Property Age: 9
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Listing Price Information
Listing Price: $2400000
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Tax Information
Parcel Number: S309000000000100 Tax Year: 2024 Annual Tax: $35000
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Virtual Tour
Parking Information
Parking Total: 40 Detached
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School Information
Elementary School: Santos LivasJunior High School: VelaSenior High School: PSJA Memorial H.S. -
Utility Information
Cable Available -
Location Information
Direction: N on Tower Road. To the West side before the first stop sign. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| LOT 12 Jasper Lane, Alamo, TX, 78516 | $45,000 | -- | -- | -- | |
| 439 Medina Lane, Alamo, TX, 78516 | $475,000 | -- | -- | 4,052 | 4,052 SqFt |
| 823 Whitewing Street, Alamo, TX, 78516 | $249,000 | 4 | 2 | 1,647 | 1,647 SqFt |
| 415 Serg Loop, Alamo, TX, 78516 | $235,000 | 3 | 2 | 1,313 | 1,313 SqFt |
| 417 Serg Loop, Alamo, TX, 78516 | $239,000 | 3 | 2 | 1,350 | 1,350 SqFt |
| 345 Fan Palm Drive, Alamo, TX, 78516 | $89,900 | 3 | 2 | 1,420 | 1,420 SqFt |
| 839 N 7 1/2 Street, Alamo, TX, 78516 | $215,000 | 4 | 2 | 1,494 | 1,494 SqFt |
| 430 Olivia Drive, Alamo, TX, 78516 | $99,000 | 2 | 1 | 896 | 896 SqFt |
| 603 S Alamo Road, Alamo, TX, 78516 | $350,000 | 4 | 3 | 2,744 | 2,744 SqFt |
| 431 Frio Lane, Alamo, TX, 78516 | $475,000 | -- | -- | 4,052 | 4,052 SqFt |
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Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Greater McAllen Association of REALTORS®. 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. Information deemed reliable but not guaranteed. Copyright © 2026 Greater McAllen Association of REALTORS®. All rights reserved.
ByOwner last updated this listing 06/06/2026 @ 19:50
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