Historic Multifamily
1425 Lone Star Road, Celina, TX 75009
For Sale
$1,299,000
ResidentialIncome, Celina, TX
Property Size5,834 SF
Lot Size2.44 Acres
Price / SF$222.66
Days on Market118
Property Features for 1425 Lone Star Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Exterior features
Fencing
Accessibility
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
gazebo
fire pit
covered pavilion
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
Tina Leigh Realty
Listed By:
Virginia Simms
(972) 824-0631
Added: Jul 18
Changed: Oct 30
Last Checked: Nov 12 at 10:06AM
MLS# 21326815
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.
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Investment Insights
Based on property information with market context.
This five-residence multifamily property spans 2.44 acres and contains approximately 5,834 square feet across a restored Texas Historic Landmark residence and four tenant-occupied cottages. The primary home retains Queen Anne Victorian character through hardwood floors, stained glass, millwork, transom windows, pocket doors, fireplaces, wraparound porches, and multiple living and entertaining areas. Updated kitchens and baths add contemporary functionality.
The cottage mix includes two mirror-image one-bedroom homes, an efficiency unit, and a two-bedroom cottage. Shared outdoor amenities include a courtyard, gazebo, covered pavilion, fire pit, mature trees, and landscaped grounds. A detached three-car garage and a 20-by-30-foot workshop with electricity and a built-in woodworking bench provide additional vehicle, hobby, and storage capacity. The property also includes a pump house, storage building, chicken coop, well water, and septic service.
The cottage mix includes two mirror-image one-bedroom homes, an efficiency unit, and a two-bedroom cottage. Shared outdoor amenities include a courtyard, gazebo, covered pavilion, fire pit, mature trees, and landscaped grounds. A detached three-car garage and a 20-by-30-foot workshop with electricity and a built-in woodworking bench provide additional vehicle, hobby, and storage capacity. The property also includes a pump house, storage building, chicken coop, well water, and septic service.
Key Highlights
- Five residences totaling approximately 5,834 square feet on 2.44 acres
- Texas Historic Landmark residence with Queen Anne Victorian detailing
- Cottage mix includes two one‑bedroom homes, one efficiency, and one two‑bedroom layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,712
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,774,240
$1.8M
Cap Rate 7%
$1,267,314
$1.3M
Cap Rate 9%
$985,689
$985.7K
Market Conditions
NOI Build-Up for 5,834 SF
Gross rent
$180.6K $30.96/SF
− Vacancy
−$19.3K −$3.31/SF
EGI
$161.3K $27.65/SF
− OpEx
−$72.6K −$12.44/SF
NOI
$88.7K $15.21/SF
Area
Collin County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,774,240
Cap Rate 7%
$1,267,314
Cap Rate 9%
$985,689
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,712 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.47M
$1.28M – $1.71M
NOI $102,582 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 75009, TX
21,276
Population
9,943
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
96%
High-School Grad
98.7 sq mi
ZIP Area
216
Density / Sq Mi
$166,064
Median Household Income
$70,683
Median Earnings
$2,134
Median Rent
$471,300
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Collin County, TX
Properties on Market for Multifamily properties in Collin County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Five residences on an acreage setting include a landmark Victorian home and four updated rental cottages.
Where is this multifamily property located?
The property is located at 1425 Lone Star Road Celina, TX.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Five residences totaling approximately 5,834 square feet on 2.44 acres; Texas Historic Landmark residence with Queen Anne Victorian detailing; Cottage mix includes two one‑bedroom homes, one efficiency, and one two‑bedroom layout
