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214-760-6770 - DFW
903-560-4975 - Fannin County

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$2,249,000
1 Day On Site

NO NAME
1509 F. Avenue 12
Plano, TX 75074

For Sale|Apartment|Active
24
Beds
24
Total Baths
12
Full Baths
12
Partial Baths
12,300
SqFt
$183
/SqFt
1970
Built
Subdivision:
HOOD - MILLER
County:
Collin
Call Now: 214-760-6770
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214-760-6770
1509 F. Avenue 121509 F. Avenue 121509 F. Avenue 121509 F. Avenue 12
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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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Listing Snapshot
Price 
$2,249,000
Days On Site 
1 Day
Bedrooms 
24
Inside Area (SqFt) 
12,300 sqft
Total Baths 
24
Full Baths 
12
Partial Baths 
12
Lot Size 
0.75 Acres
Year Built 
1970
MLS® Number 
21283739
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Appraiser
Friends & Family
Recent Activity
22 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.75
Foundation 
Slab
Levels 
One
Parking 
AsphaltAssigned
Parking Spaces 
16
Property Sub Type 
Apartment
Security 
Other
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
12300
Utilities 
Electricity Connected
Water Source 
Public
Interior Features
Appliances 
Electric CooktopRefrigerator
Cooling 
Ceiling Fan(s)Central AirElectric
Fireplace Features 
None
Flooring 
Ceramic TileLaminate
Heating 
Electric
Interior 
Eat-in Kitchen
Window Features 
Window Coverings
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Exterior Features
Construction Details 
Brick
Exterior 
Other
Fencing 
Wood
Patio And Porch 
Other
Roof 
FlatTar/Gravel
Windows/Doors 
Window Coverings
Community Features
Accessibility Features 
Accessible Bedroom
Community Features 
Other
Financing Terms Available 
CashConventional
School District 
Plano ISD
Schools
School District
Plano ISD
Elementary School
Mendenhall
Middle School
Bowman
High School
Williams
Listing courtesy of Nathan Malka of Central Metro Realty malka.nathan@gmail.com



© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2026-05-30 12:33 PM CDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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