$499,000
NEW CONSTRUCTION $6K PRICE DROP

1032 Palm Dr Alamo, TX 78516

Estimated payment $3,161/month

Total Views 2,533
-- Bed
-- Bath
4,312 Sq Ft
$116 Price per Sq Ft

Highlights

  • New Construction
  • High Ceiling
  • Walk-In Closet
  • Landscaped Professionally
  • Double Pane Windows
  • Slab Porch or Patio

About This Home

Brand New multi family building with ALL 3 bedroom/2baths.Exceptional investment opportunity in a desirable multi-family subdivision just minutes from Expressway 83,top schools, shopping,and dining.Newly built fourplexes offer modern design, strong tenant appeal,and immediate cash flow.Each unit features an open-concept layout with wood-look tile flooring,a contemporary kitchen with custom cabinetry,quartz countertops, a spacious island providing ample storage and workspace.Bedrooms are generously sized with large closets,and the primary suites include a luxurious frameless glass shower and walk-in closet.Additional highlights include private fenced backyards for every unit,stainless steel appliances,in-unit washer and dryer, and covered carports.This is an outstanding opportunity for investors seeking a low-maintenance,high-demand rental asset in a rapidly growing area.Don’t miss your chance to own a premium multi-family property with long-term value and impressive rental potential.

Listing Agent

Daniela Perez

Alliance Real Estate Group Listed on: 11/24/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 10,400 Sq Ft Lot
  • Wood Fence
  • Landscaped Professionally
  • Sprinkler System

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Shingle Roof
  • Stucco

Interior Spaces

  • Walk-In Closet
  • 4,312 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Stove
  • Microwave

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 8 Carport Spaces
  • No Garage

Outdoor Features

  • Slab Porch or Patio

Schools

  • Salinas Elementary School
  • Sauceda Middle School
  • Donna North High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R33080A000001500

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Buildings
  • 4 Units
  • Riverside Tower & 495 Subdivision Phase A

Building Details

  • Insurance Expense $2,000
  • Maintenance Expense $185
  • Gross Income $52,800

Property Details

Home Type

Multi-Family

Year Built

Built in 2025 | New Construction

Lot Details

10,400 Sq Ft Lot

Listing Details

  • Directions: From Expressway 83 going North on N Tower Rd. Go passed 495/Kansas Rd and the new subdivision will be on the East (Right) hand side.
  • Year Built: 2025
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2387
  • Road Surface Type: Paved
  • Subdivision Name: Riverside Tower & 495 Subdivision Phase A
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: Yes
  • Building Stories: 1
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Water Heater (In Attic), Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 4312
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Exterior Features: None, Sprinkler System
  • Interior Amenities: Ceiling Fan(s), Decorative/High Ceilings, Dryer, Microwave, Walk-In Closet(s), Washer
  • Fencing: Wood
  • Lot Features: Professional Landscaping, Sidewalks, Sprinkler System
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio, Patio Slab
  • Property Condition: New Construction
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: No Garage

Utilities

  • Laundry Features: Laundry Closet
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Amenities: Property Owners' Assoc.
  • Association: No

Schools

  • Elementary School: Salinas
  • High School: Donna North H.S.
  • Junior High Dist: Donna ISD
  • Middle Or Junior School: Sauceda

Lot Info

  • Lot Size Sq Ft: 10399.95
  • Parcel #: R33080A000001500

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 1

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 52800
  • Insurance Expense: 2000

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2025 12/08/25 Price Changed $499,000 -1.2% $116 / Sq Ft
11/24/2025 11/24/25 For Sale $505,000 -- $117 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Source: Greater McAllen Association of REALTORS®

MLS Number: 486993

Greater McAllen Association of REALTORS®
Texas Hidalgo County Alamo 78516

1032 Palm Dr, Alamo, TX

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater McAllen Association of REALTORS® The data relating to real estate for sale on this web site 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.

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Daniela Perez
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Alliance Real Estate Group
(956) 306-1437
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