Four-Bedroom Short-Term Rental
For Sale
$999,000
114 S Church St Unit 114, McKinney, TX 75069
New construction offers ensuite bedrooms, attached parking, and walkable access to downtown dining, shopping, and entertainment.
Property Size3,360 SF
Price / SF$297.32
Days on Market50
Property Features for 114 S Church St Unit 114
General Information
Standard status
Active
Size
3,360 SF
Total Parking Spaces
2
Zoning
Town Edge
Units
Unit Mix
1 x 4BR/4BA
Multifamily Units
1
Building Details
Year Built
2026
Listing Agency:
OnDemand Realty
Listed By:
Rhonda Borgne · License #0560610
(405) 833-2338
Source:
1plusrealty
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 28 at 1:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OnDemand Realty
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Investment Insights
Based on property information with market context.
Located at 114 S Church St Unit 114, this newly constructed residence provides 3,360 square feet with four private ensuite bedrooms, premium finishes, and an attached two-car garage. The property was built in 2026 and is configured for residential ownership or hospitality-oriented use.
The home sits in Historic Downtown McKinney within the Town Edge zoning district. Dining, boutique shopping, entertainment, and year-round events are accessible on foot. Potential applications include short-term rental, executive housing, boutique office use, or premium residential occupancy, subject to applicable zoning and local regulations. Furnished room images have been virtually staged.
The home sits in Historic Downtown McKinney within the Town Edge zoning district. Dining, boutique shopping, entertainment, and year-round events are accessible on foot. Potential applications include short-term rental, executive housing, boutique office use, or premium residential occupancy, subject to applicable zoning and local regulations. Furnished room images have been virtually staged.
Key Highlights
- 3,360‑square‑foot residence at 114 S Church St Unit 114
- Four private ensuite bedrooms
- Attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,419
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,380
$1.2M
Cap Rate 7%
$834,557
$834.6K
Cap Rate 9%
$649,100
$649.1K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$118.9K $35.40/SF
− Vacancy
−$12.7K −$3.79/SF
EGI
$106.2K $31.61/SF
− OpEx
−$47.8K −$14.23/SF
NOI
$58.4K $17.39/SF
Area
McKinney, TX
Vacancy
10.70%
Lease Rate
$35.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,380
Cap Rate 7%
$834,557
Cap Rate 9%
$649,100
Alternative Uses
Best Use
Apartment 5plus
$834.6K
$730.2K – $973.7K
NOI $58,419 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$944.6K
$826.6K – $1.10M
NOI $66,125 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
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Business Placement
Demographics for 75069, TX
39,084
Population
16,958
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
88%
High-School Grad
33.7 sq mi
ZIP Area
1,160
Density / Sq Mi
$82,804
Median Household Income
$42,816
Median Earnings
$1,530
Median Rent
$413,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - New construction offers ensuite bedrooms, attached parking, and walkable access to downtown dining, shopping, and entertainment.
Where is this short term rental property located?
The property is located at 114 S Church St Unit 114 McKinney, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 3,360‑square‑foot residence at 114 S Church St Unit 114; Four private ensuite bedrooms; Attached two‑car garage
