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1509 F. Avenue 12
Plano TX 75074 US

$2,249,000

Active Listing ID 21283739
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24 bed
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24.00 Bath (12 Full , 12 Half)
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Lot: 0.75 Acres
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Apartment

$2,249,000

Active Listing ID 21283739
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1509 F. Avenue 12 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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Property Features

  • Facts
  • Lot Size: 0.75 Acres
  • Property Type: Residential
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 12
  • 1/2 Bathrooms: 12
  • Cooling System: Electric, Central Air, Ceiling Fan(s)
  • Exterior Finish: Other, Fence
  • Floor Covering: Tile, Laminate
  • Roof Type: Flat, Tar/Gravel
  • Heating Fuels: Electric (Heating)

School Information

  • School
  • Mendenhall(Elementary)
  • Bowman(MiddleSchool)
  • Williams(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Apartment
  • listprice: 2249000
  • unparsedaddress: 1509 F. Avenue
  • unitnumber: 12
  • postalcity: Plano
  • stateorprovince: TX
  • country: US
  • postalcode: 75074
  • bathroomsfull: 12
  • bathroomshalf: 12
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.75
  • lotsizeunits: Acres
  • lotsizearea: 0.75
  • livingarea: 12300
  • livingareaunits: Square Feet
  • latitude: 33.020649
  • longitude: -96.707011
  • listagentfullname: Nathan Malka
  • listagentkey: 3yd-NTREIS-0453733
  • listagentmlsid: 0453733
  • listagentpreferredphone: (512) 454-6873
  • listofficekey: 3yd-NTREIS-NNCM01
  • listofficemlsid: NNCM01
  • disclaimer: 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.
  • sourcesystemid: NTREIS
  • yearbuilt: 1970
  • listagenturl: http://www.centralmetro.com
  • countyorparish: Collin
  • parcelnumber: R022000A00701
  • elementaryschool: Mendenhall
  • highschool: Williams
  • elementaryschooldistrict: Plano ISD
  • middleorjuniorschooldistrict: Plano ISD
  • highschooldistrict: Plano ISD
  • appliances: ElectricCooktop, Refrigerator
  • cooling: Electric, Central Air, Ceiling Fan(s)
  • constructionmaterials: Brick
  • flooring: Tile, Laminate
  • heating: Electric (Heating)
  • numberofunitstotal: 12
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 16
  • parkingfeatures: Assigned
  • roof: Flat, Tar/Gravel
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: EatInKitchen
  • rooms: Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 11, Bedroom 24, Bedroom 9, Bathroom 20, Bathroom 10, Bathroom 22, Bedroom 19, Bathroom 14, Bedroom 16, Bathroom 7, Bathroom 4, Bedroom 22, Bathroom 21, Bedroom 12, Bathroom 1, Bathroom 16, Bedroom 8, Bathroom 8, Bathroom 12, Bedroom 23, Bedroom 15, Bedroom 20, Bathroom 9, Bedroom 17, Bedroom 18, Bathroom 11, Bathroom 18, Bathroom 2, Bedroom 5, Bathroom 23, Bedroom 14, Bathroom 13, Bathroom 3, Bathroom 19, Bedroom 10, Bedroom 2, Bathroom 24, Bathroom 5, Bedroom 6, Bedroom 13, Bedroom 21, Bathroom 6, Bathroom 17, Bedroom 7, Bathroom 15
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -96.70701, 33.02065
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Central Metro Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Broker@centralmetro.com", "ListBrokerageCity":"Austin", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Central Metro Realty", "ListBrokeragePhone":"(512) 454-6873", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"Suite 325 100 E. Anderson Lane", "ListBrokerageWebsiteUrl":"http://www.centralmetro.com", "ListOfficeAddress1":" ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"NNCM01", "ListOfficeCity":"Austin", "ListOfficeCountry":"US", "ListOfficeEmail":"Broker@centralmetro.com", "ListOfficePostalCode":null, "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"APARTMENT - Plano, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1509-F-Ave-12_Plano_TX_75074_M93904-96466?f=listhub&s=NTREIS&m=21283739&c=rexren", "MLSModificationTimestamp":"2026-05-29 19:11:23", "Neighborhoods":[{"Description":null, "Name":"HOOD - MILLER"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"HOOD - MILLER, BLK A, LOT 7B & 10; EAST PT OF LOTS", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/3/2026 2:53:33 AM GMT
Source Updated Date: 6/4/2026 12:54:43 AM GMT

Courtesy of: Nathan Malka, Central Metro Realty

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.