Curious about this home?

Ask anything — no agents, no pressure

Try asking

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.

Agent Description

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

1 story
12 full, 12 half
16 spaces
#12
1970

Amenities

Fireplace

Monthly Cost Estimate

$12,028/mo

20% down · 6.5% · 30 years

Principal$1,627
Interest$9,746
Insurance$656

Estimates only. Actual payments may vary.

Location

1509 F. Avenue

Plano, TX 75074

HOOD - MILLER

Features & Amenities

Interior Features

Eat-in Kitchen

Exterior Features

OtherFence

Property Details

Flooring

LaminateTileTile - Ceramic

Construction

Brick

Parking

Assigned

Heating

Electric (Heating)Fireplace(s)

Cooling

Ceiling Fan(s)Central AirElectric

Appliances

CooktopCooktop - ElectricRefrigerator

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.

NM

Nathan Malka

Agent at Central Metro Realty

(512) 454-6873

Listed by Central Metro Realty · View on Broker Site

MLS# 21283739· Source: listhub· Updated today

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1509 F. Avenue, Plano, TX 75074

Open this listing in: