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94-Unit Apartment Complex
New
For Sale
$5,640,000

1701 Avocet Avenue, McAllen, TX 78504

Nine buildings offer private patios, resident laundry, a pool, and outdoor courts.

Property Size68,024 SF
Price / SF$82.91
Days on Market7

Property Features for 1701 Avocet Avenue

General Information

Standard status Active
Size 68,024 SF
Total Parking Spaces 94
Property subtype Multi Family Home

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 34 x 1BR/1BA, 60 x 2BR/1BA
Multifamily Units 94

Taxes and HOA fees

Annual Taxes $138,172

Amenities

on-site laundry
swimming pool
tennis court
basketball court
Ceiling Fan(s)
Mature Trees

Building Details

Building Size 68,024 SF
Year Built 1982
Buildings 9
Stories 2
Units 94
Listing Agency: Keller Williams Realty RGV
Listed By: Esmeralda Rubi Torres
Source: Gdvrealty
Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 2:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty RGV

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Investment Insights

Based on property information with market context.

Parklane Apartments is a 94-unit residential complex arranged across nine buildings. The unit mix comprises 34 one-bedroom, one-bathroom apartments with private patios and 60 two-bedroom, one-bathroom apartments. Each unit includes a stove and refrigerator. Built in 1982, the property also has on-site laundry, a swimming pool, a tennis court, and a basketball court.

The complex is adjacent to Bill Schupp Park and near the intersection of Bicentennial Boulevard and Dove Avenue in North McAllen. Doctors Hospital at Renaissance, South Texas College, and the University of Texas Rio Grande Valley are nearby. I-2 and I-69C provide regional road access, while La Plaza Mall and Downtown McAllen’s 17th Street entertainment district are also close. The property is within McAllen ISD.

Key Highlights

  • 94 apartments across 9 buildings
  • Unit mix: 34 one‑bed/one‑bath and 60 two‑bed/one‑bath apartments
  • Each one‑bedroom apartment includes a private patio

Property Analytics

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Lease Details

94
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,762
Businesses Nearby

Demographics for 78504, TX

56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Nine buildings offer private patios, resident laundry, a pool, and outdoor courts.
Where is this apartment building located?
The property is located at 1701 Avocet Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $5,640,000.
What are key features of this property?
This property features: 94 apartments across 9 buildings; Unit mix: 34 one‑bed/one‑bath and 60 two‑bed/one‑bath apartments; Each one‑bedroom apartment includes a private patio
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