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About This Home
This 24-bedroom, 24-bathroom multi-family at 1509 F. Avenue in Plano, TX is listed for $2,249,000 ($183 per sqft). Built in 1970, the home offers 12,300 sqft of living space on a 0.75 acres 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 cost in a high-demand location with strong fundamentals, including walkability, public transit access, and proximity to major employment centers.
Key Features
- Built in 1970
- 0.75 acre lot
- 16 parking spaces
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$12,028/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1509 F. Avenue
Plano, TX 75074
HOOD - MILLER
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 24-bedroom, 24-bathroom multi-family at 1509 F. Avenue is listed at $2,249,000 ($183/sqft). The estimated monthly payment is $9,746 based on 20% down at 6.5% interest.
Key features include: Built in 1970, 0.75 acre lot, 16 parking spaces, Fireplace. Interior Features: Eat-in Kitchen. Exterior Features: Other, Fence.
This property is listed by Nathan Malka and can be reached at 5124546873 or malka.nathan@gmail.com.


