1509 F. AVENUE #12, PLANO, TX 75074
Homes for sale in Plano.
Homes for sale in 75074.
List Price$2,249,000
1509 F. Avenue #12
Plano, TX 75074
Listing #21283739
24
Bedrooms
12 full, 12 partial
Bathrooms
12,300
Square Feet
12
Number of Units
Multi-Unit Residential
Type
About This Property
EXECUTIVE SUMMARY This offering presents the acquisition of a well-located 12-unit multifamily property in Downtown Plano, one of the most active and supply-constrained submarkets in North Texas. The asset provides stable in-place income supported by long-term tenancy (5+ year average stay), combined with a clear and achievable rent growth strategy. Current rents are below market for comparable unit sizes, creating an immediate opportunity to increase revenue through gradual repositioning and operational improvements. The property has undergone key capital improvements, including roof replacement, upgraded flooring, energy-efficient windows, and parking lot enhancements, significantly reducing near-term capital expenditure risk. At an attractive investment positioned below replacement cost in a high-demand location with strong fundamentals, including walkability, public transit access, and proximity to major employment centers.
Property Features
Location Information
County
Collin
Subdivision
HOOD - MILLER
Interior Features
Interior
Eat-in Kitchen
Cooling
Central Air, Ceiling Fan(s), Electric
Full Baths
12
Floors
Ceramic Tile, Laminate
1/2 Baths
12
Appliances
Electric Cooktop, Refrigerator
Has Fireplace
No
Total Number of Units
12
Heating
Electric
Accessibility
Accessible Full Bath, Accessible Bedroom
Exterior Features
Stories
1
Patio / Deck Description
Other
Construction
Brick
Pool Description
None
Exterior
Other
Lot Size in Acres
0.75
Foundation
Slab
Lot Size in Sq. Ft.
32,670
Roof
Flat, Tar/Gravel
Buildings
3
Utilities
Electricity Connected, Sewer Available, Water Available
Building Total Area (Sq. Ft.)
12,300
Security System
Other
Is One Story
Yes
Parking Description
Assigned, Asphalt
Windows Description
Window Coverings
Fencing
Wood
School
Elementary School District
Plano ISD
Jr. High School
Bowman
Elementary School
Mendenhall
High School
Williams
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Property SubType
Apartment
Community Features
Other
Year Built
1970
Lot Acres Source
Appraiser
Similar Listings
Mortgage Calculator
$10,502
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$8,104
Monthly Tax
$1,874
Monthly Insurance
$524
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Nathan Malka, Central Metro Realty

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NTREIS - North Texas data last updated at May 29, 2026, 3:49 AM CT
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