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4509 Larkspur Avenue, 
Mcallen, TX 78504

$13,000,000


Bed


Bath


73,752

Sq Ft


Multi-Family

Active

Listed by

Irene Uribe Manrique De Lara

Texas Landmark Realty LLC.

956-492-5638

Last updated:

November 10, 2025, 05:32 PM

MLS#

483378

Source:

TX GMAR

About This Home

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.

Home Facts

Multi-Family

Built in 2025

Price Summary

13,000,000

$176 per Sq. Ft.

MLS #:

483378

Last Updated:

November 10, 2025, 05:32 PM


Rooms & Interior

Interior

Living Area:

73,752 Sq. Ft.


Structure

Structure

Building Area:

73,752 Sq. Ft.

Year Built:

2025


Lot

Lot Size (Sq. Ft):

175,002


Finances & Disclosures

Finances

Price:

$13,000,000

Price per Sq. Ft:

$176 per Sq. Ft.

Source:TX GMAR
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