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42-Unit Garden-Style Apartment Community
For Sale
Contact for pricing
Pending

1201 E 16th St, Plano, TX 75074

Renovated multifamily property with on-site management, resident parking, courtyard amenities, and landscaped grounds.

Property SizeContact for details
Lot Size1.46 Acres
Days on Market144

Property Features for 1201 E 16th St

General Information

Standard status Pending
Total Parking Spaces 54
Lot size 1.46 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 42

Amenities

courtyard
barbecue area

Building Details

Buildings 2
Stories 2
Construction garden-style
Listing Agency: Colliers - Dallas, Texas
Listed By: Todd Franks · License #TX 479935
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 4:10PM

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 Colliers - Dallas, Texas

Investment Insights

Based on property information with market context.

This 42-unit garden-style apartment community comprises two two-story brick buildings constructed in 1965 and 1968. The renovated property spans 1.46 acres and includes a management office on-site, 54 open surface parking spaces, and apartments with spacious layouts, multiple furniture configurations, and ample storage. Floorplans vary across the community, providing a range of residential configurations.

Shared amenities include an open courtyard with stone seating and tables, along with covered barbecue and seating areas. The grounds feature open green spaces, mature shade trees, and established vegetation. The community is pet friendly, subject to the property’s established pet policy, including applicable fees and restrictions.

Key Highlights

  • 42‑unit garden‑style apartment community on 1.46 acres
  • Two two‑story brick buildings constructed in 1965 and 1968
  • Renovated apartments with varied floorplans, spacious layouts, and ample storage

Property Analytics

Current Use

Magnolia on 16th Apartment Complex

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Catering Service Clothing & Fashion Store Tanning Salon Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

42
Residential units

Location Intelligence

Trade Area within ½ mile

2,273
Businesses Nearby

Demographics for 75074, TX

53,003
Population
19,362
Households
2.7
Avg Household Size
35
Median Age
42%
College-Educated
85%
High-School Grad
16.0 sq mi
ZIP Area
3,313
Density / Sq Mi
$84,185
Median Household Income
$42,523
Median Earnings
$1,678
Median Rent
$347,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated multifamily property with on-site management, resident parking, courtyard amenities, and landscaped grounds.
Where is this apartment building located?
The property is located at 1201 E 16th St Plano, TX.
What are key features of this property?
This property features: 42‑unit garden‑style apartment community on 1.46 acres; Two two‑story brick buildings constructed in 1965 and 1968; Renovated apartments with varied floorplans, spacious layouts, and ample storage
More about this property
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