1509 F. Avenue #12
Plano, Texas 75074
24
Bed
24
Bath
12,300Sqft
0.75Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total Bedrooms: 24 Window Features: Window CoveringsBathroom Information
Total Baths: 12.5 Full Baths: 12 Half Baths: 12 -
Interior Features
Eat-in KitchenAppliances
Electric Cooktop,RefrigeratorUtilities
City Sewer,City Water,Electricity Connected,Master Water Meter -
Cooling Features
Ceiling Fan(s),Central Air,ElectricHeating Source
ElectricFireplace
Fireplace Features: None
-
Building Information
Built Year: 1970 Building Area Total: 12,300 Construction: Brick Roof Type: Flat,Tar/Gravel -
Exterior Features
OtherFoundation
SlabSecurity Features
Other -
Accessibility Features
Accessible Bath - Full,Accessible BedroomPatio And Porch
OtherFencing
WoodConstruction Materials
Brick
-
Lot Information
Lot Size (Acr): 0.7500 Lot Size Units: Acres Lot Size Square Feet: 32,670 Lot Size Source: Appraiser -
Property Information
SQ ft (Living Area): 12,300 Property Type: Residential Income Property Sub Type: Apartment Subdivision: HOOD - MILLER City: Plano State: Texas Directions: North on 75 Expressway turn right on 15th street and left on F. Ave Property Status: Active Levels: One Property Age: 56 Year Built Details: Preowned
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Listing Price Information
Original List Price: $2,249,000 List Price Tot SqFt: $183 -
Listing Information
Possession: Closing/Funding
-
Tax Information
Parcel Number: R022000A00701 Tax Block: A Tax Legal Description: HOOD - MILLER, BLK A, LOT 7B & 10; EAST PT OF LOTS Tax Lot: 7B 10
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Parking Information
Parking: 16 Parking Features: Asphalt,Assigned -
Homeowners Association Information
HOA Type: None
-
School Information
Elementary School: Mendenhall Middle School: Bowman High School: Williams School District: Plano ISD -
Utility Information
Utilities: City Sewer,City Water,Electricity Connected,Master Water Meter
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2709 Meadows Drive, Plano, TX, 75074 | $289,900 | 3 | 2 | 1,117 | 1,117 SqFt |
| 4309 Tall Oak Lane, Plano, TX, 75074 | $689,900 | 5 | 4 | 3,956 | 3,956 SqFt |
| 1108 Melcer Street, Plano, TX, 75074 | $779,900 | 5 | 5 | 3,744 | 3,744 SqFt |
| 5036 Randolph Street, Plano, TX, 75074 | $780,000 | 4 | 4 | 3,385 | 3,385 SqFt |
| 3853 Wintergreen Drive, Plano, TX, 75074 | $625,000 | 5 | 4 | 3,572 | 3,572 SqFt |
| 2228 Amy Lane, Plano, TX, 75074 | $649,000 | 4 | 4 | 3,216 | 3,216 SqFt |
| 4420 Springhurst Drive, Plano, TX, 75074 | $625,000 | 5 | 3 | 3,013 | 3,013 SqFt |
| 4204 Coldwater Creek Lane, Plano, TX, 75074 | $695,000 | 4 | 4 | 3,841 | 3,841 SqFt |
| 2025 San Miguel Drive, Plano, TX, 75074 | $395,000 | 3 | 3 | 1,757 | 1,757 SqFt |
| 2301 Maryanne Lane, Plano, TX, 75074 | $585,000 | 5 | 4 | 4,008 | 4,008 SqFt |
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ByOwner last updated this listing 06/17/2026 @ 17:17
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