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1509 F. Avenue #12, Plano, TX 75074

Plano
Local realty services provided by:CENTURY 21 Gold Coat Realtors
1509 F. Avenue #12,Plano, TX 75074
$2,189,500
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  • 24 Beds
  • 24 Baths
  • 12,300 sq. ft.
  • Multi-family
  • Active
Listed by: nathan malka
Office: central metro realty
MLS#:21283739
Source:GDAR

Price summary

  • Price:$2,189,500
  • Price per sq. ft.:$178.01

About this home

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.

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Home facts

  • Year built:1970
  • Listing ID #:21283739
  • Added:59 day(s) ago
  • Updated:July 27, 2026 at 11:50 AM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:24
  • Full bathrooms:12
  • Half bathrooms:12
  • Flooring:Ceramic Tile, Laminate
  • Kitchen Description:Electric Cooktop, Refrigerator
  • Living area:12,300 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Central Air, Electric
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1970
  • Building area:12,300 sq. ft.
  • Lot area:0.75 Acres
  • Construction Materials:Brick
  • Foundation Description:Slab
  • Levels:1 Story

Schools

  • High school:Williams
  • Middle school:Bowman
  • Elementary school:Mendenhall

Finances and disclosures

  • Price:$2,189,500
  • Price per sq. ft.:$178.01

Features and amenities

  • Appliances:Electric Cooktop, Refrigerator
  • Amenities:Window Coverings

Parking

  • Total parking spaces:16
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated July 27, 2026 Listings with the NTREIS logo are listed by brokerages other than CENTURY 21 Gold Coat Realtors. GDAR Member Broker: Katherine Hein

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