Date
Details
Price
Change
Source
5/28/2026
Listed
$2,249,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,249,000
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Property 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.
Full Property Details
Full Property Details for 1509 F Avenue #12
General
- Price: $2,249,000
- Status: Active
- Type: Apartment
- Source: NTREIS
- MLS ID: 21283739
- Updated: 6/10/2026
- Added to Site: 47 day(s) ago
Interior
- Interior Features: Eat-in Kitchen
- Fireplace(s): None
- Appliances: Electric Cooktop, Refrigerator
- Flooring: Ceramic Tile, Laminate
Rooms
Bathrooms
- Total Bathrooms: 24
- Full Bathrooms: 12
- Half Bathrooms: 12
Bedrooms
- Total Bedrooms: 24
Additional Information
- Security/Safety: Other
Exterior
- Exterior Features: Other
- Porch/Patio/Deck: Other
Parking
- Total Spaces: 16
- Parking Features: Assigned, Asphalt
Location
- County: Collin
- Subdivision: HOOD - MILLER
- Driving Directions: North on 75 Expressway turn right on 15th street and left on F. Ave
School Information
- Elem School District: Plano ISD
- Midd School District: Plano ISD
- High School District: Plano ISD
- Elementary School: Mendenhall
- Middle School: Bowman
- High School: Williams
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Available, Water Available
Structural Information
- # Buildings: 3
- Detached/Attached: Detached
- Construction: Brick
- Roof: Flat, Tar/Gravel
- Windows: Window Coverings
- Stories/Levels: 1
- Square Feet: 12,300
- Sq. Ft. Source: Appraiser
- Living Area: 12,300 Sq. Ft.
- Year Built: 1970
Lot Features
- Lot Size (Acres): 0.75
- Lot Size (Sq. Ft.): 32,670
- Lot Size Source: Appraiser
- Fencing (Description): Wood
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: HOOD - MILLER, BLK A, LOT 7B & 10; EAST PT OF LOTS
- Disclosures/Rstr.: Other
- Property ID: R022000A00701
- Block: A
- Lot Number: 7B 10
Listed by Central Metro Realty, Nathan Malka
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Listing agent
— 1509 F Avenue #12 —
Nathan Malka
Central Metro Realty
214-418-4335
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1509 F Avenue #12
School District:Plano Independent School District
| Name | Grades | Distance |
|---|---|---|
Mendenhall Elementary School 1330 19th Street, Plano, TX 75074 | K-5 | 0.7 mi |
Otto Middle School 504 North Star Road, Plano, TX 75074 | 6-8 | 3.4 mi |
Williams High School 1717 17th Street, Plano, TX 75074 | 9-10 | 1.1 mi |
Plano East Sr High School 3000 Los Rios Boulevard, Plano, TX 75074 | 11-12 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1509 F Avenue #12
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1509 F. Avenue #12, Plano, TX 75074 (MLS# 21283739) is a Apartment property with 24 bedrooms, 12 full bathrooms and 12 partial bathrooms. 1509 F. Avenue #12 is currently listed for $2,249,000 and was received on May 28, 2026. Want to learn more about 1509 F. Avenue #12? Do you have questions about finding other Apartment real estate for sale in Plano? You can browse all Plano real estate or contact a Coldwell Banker agent to request more information.