4509 Larkspur Avenue, McAllen, TX

$13,000,000

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73,752

Square feet

4.02

Acres

About 4509 Larkspur Avenue

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.

Features of 4509 Larkspur Avenue

MLS® # 483378
Price $13,000,000
Square Footage 73,752
Acres 4.02
Year Built 2025
Type Residential Income
Sub-Type Apartment
Status Active

Community Information

Address 4509 Larkspur Avenue
Subdivision Brier Village
City McAllen
County Hidalgo
State TX
Zip Code 78504

Amenities

Utilities Internet Access, Cable Available
Parking Spaces 108
Parking Attached, No Garage
Is Waterfront No
Has Pool No

Interior

Interior Features Built-in Features, Ceiling Fan(s), Decorative/High Ceilings, Dryer, Microwave, Walk-In Closet(s), Washer
Appliances Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Coil, Washer
Heating Central
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Lot Description Corner Lot, Irregular Lot, Professional Landscaping, Sidewalks, Sprinkler System
Windows Energy Features (Double Pane Windows)
Roof Shingle
Construction Stucco
Foundation Slab

School Information

District McAllen ISD
Elementary Wernecke
Middle Sharyland North Junior
High Sharyland H.S.

Additional Information

Date Listed October 15th, 2025
Foreclosure No
Short Sale No
HOA Fees Freq. One Time

Listing Details

AgentIrene Uribe Manrique De Lara
OfficeTexas Landmark Realty LLC
Contact Info956-492-5638

Listing Map

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