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    731 N Tower Rd Alamo, TX 78516

    For Sale
    $2,400,000

    Apartment - Alamo, TX

    Type:Apartment
    Property size:
    24,000 SF
    Lot size:
    1.39 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 731 N Tower Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    APN
    S309000000000100
    Parking
    40
    Size
    24,000 SF
    Lot size
    1.39 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    2017
    Number of units
    20
    Architectural style
    Other

    Benavides International Group (956) 465-0011 [email protected]

    Listing agent Carlos Rosa (956) 465-0011

    Listing date Nov 17, 2025

    MLS# 467850 Listing URL

    Copyright © 2025 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High-Income Multifamily Property on Tower

    This multifamily property features 20 units and is located directly on Tower Road, near Expressway 83. The property features quality construction, modern finishes, and ample parking. The property is currently delivering an 8% cap rate. All units are fully rented. The property also features a large office, suitable for conversion into another rental space or for conducting business. The property is situated in a visible and accessible location near commercial centers. The lot size is 1.39 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.10963
    Latitude
    26.194067

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    FAQs

    What type of property is this?
    Apartment building - 20-unit multifamily property with strong tenant retention and income potential.
    Where is this apartment building located?
    The property is located at 731 N Tower Rd Alamo, TX.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - High-income producing property with an impressive 8% cap rate.; - 20-unit multifamily asset located directly on Tower Rd near Expressway 83.; - Exceptional quality construction and modern finishes.
    (956) 465-0011
    Request Owner's contact information
    731 N Tower Rd Alamo, TX 78516
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    Alamo, TX 78516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    731 N Tower Rd Alamo, TX 78516
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