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4509 Larkspur Avenue, McAllen, TX 78504

Local realty services provided by:CENTURY 21 Johnston Company
4509 Larkspur Avenue,McAllen, TX 78504
$13,000,000
  • - Beds
  • - Baths
  • 73,752 sq. ft.
  • Multi-family
  • Active
Listed by: irene uribe manrique de lara
Office: texas landmark realty llc
MLS#:483378
Source:TX_GMAR

Price summary

  • Price:$13,000,000
  • Price per sq. ft.:$176.27

About this home

Prime investment opportunity in McAllen! This brand-new 72-unit apartment community at Nolana Ave and Bentsen Rd offers a 6%+ CAP rate with strong rental performance and high occupancy demand. Most of the 18 fourplex buildings are completed, and property management is actively leasing as utilities connect. Each fourplex has its own tax ID and legal description, providing flexibility for future resale or portfolio structuring. Average rents are $1,300 per month with tenants paying their own utilities. Units feature stainless-steel appliances, full-size washer and dryer, walk-in closets, designer kitchens with full-height cabinets, luxury bathrooms with glass showers and tubs, and private patios or grassed areas for every unit. Located near HEB, Walmart, hospitals, banks, and McAllen ISD, this safe, fast-growing area offers strong long-term appreciation potential.Ideal for 1031 exchange, portfolio growth, or depreciation benefits.

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Home facts

  • Year built:2025
  • Listing ID #:483378
  • Added:107 day(s) ago
  • Updated:January 23, 2026 at 05:48 PM

Rooms and interior

  • Living area:73,752 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:2025
  • Building area:73,752 sq. ft.
  • Lot area:4.02 Acres

Schools

  • High school:Sharyland H.S.
  • Middle school:Sharyland North Junior
  • Elementary school:Wernecke

Utilities

  • Water:Electric Water Heater, Public Water
  • Sewer:City Sewer

Finances and disclosures

  • Price:$13,000,000
  • Price per sq. ft.:$176.27
  • Tax amount:$21,600

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