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1509 F Ave
Plano, TX 75074 Downtown Plano

$2,249,600 USD

Apartments For Sale  •  12,320 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,320 SF
  • Lot Size 0.75 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 6.34 %
  • Zoning LC
30 Transit Score
60 Walk Score

Highlights

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.
The property has undergone key capital improvements over $250K

Property Flyers

Financial Summary (Actual)

Net Operating Income: $142,600 USD (2025)
Cap Rate: 6.34 %
Total Expenses: $102,200 USD

Public Transportation

Transit/SubwayDriveWalkDistance
Downtown Plano Station (DART LIGHT RAIL - ORANGE LINE - Dallas Area Rapid Transit (DART), DART LIGHT RAIL - RED LINE - Dallas Area Rapid Transit (DART)) 1 min 8 min 0.5 mi
AirportDriveWalkDistance
Dallas Love Field 27 min - 20.3 mi
Dallas-Fort Worth International 34 min - 28.3 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Type: Reserved
Included in Rent: Yes
Nathan Malka 214-418-4335 Gables Realty Group
Nathan Malka 214-418-4335 Gables Realty Group