Historic Multifamily
For Sale
$1,350,000
1425 Lone Star Road, Celina, TX 75009
ResidentialIncome, Celina, TX
Property Size5,834 SF
Lot Size2.44 Acres
Price / SF$231.40
Days on Market97
Property Features for 1425 Lone Star Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 3
Parking
4
Parking features
Assigned, RV, Boat, Guest
Patio and Porch features
Porch
Interior features
CathedralCeilings, HighSpeedInternet, KitchenIsland, Pantry, WalkInClosets
Exterior features
Courtyard, FirePit, Garden, OutdoorLivingArea, RainGutters, Storage, UncoveredCourtyard
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Appliances
Dryer, Dishwasher, ElectricRange, IceMaker, Microwave, Refrigerator, Washer
Subdivision
George Wilson Surv Abs #1001
Lot features
Acreage, Back Yard, Corner Lot, Interior Lot, Irregular Lot, Lawn, Landscaped, Native Plants, Many Trees, Sprinkler System
Elementary school
Bobby Ray-Afton Martin
Middle school
Jerry & Linda Moore
High school
Celina
Elementary school district
Celina ISD
Middle school district
Celina ISD
High school district
Celina ISD
Directions
From US-75, Take Exit 48A toward White Street - FM 455 in Anna. Head west on FM 455 (White Street) and continue for approximately 15 miles through Weston toward Celina. Turn right onto County Road 175. Turn right onto Lone Star Road. Continue to 1425 Lone Star Road, which will be on the left.
Standard status
Active
APN
R700100000501
Lot size
2.44 Acres
Taxes and HOA fees
Tax Description
ABS A1001 G A WILSON SURVEY, TRACT 5, 2.44 AC
Tax Annual Amount
10485
Legal Description
ABS A1001 G A WILSON SURVEY, TRACT 5, 2.44 AC
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Propane (Heating), Central
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Well
Amenities
gazebo
windmill
shared fire pit
covered pavilion
storage building
chicken coop
workshop
Building Details
Year built
1900
Floors in Building
1
Number of units
4
Flooring type
Vinyl, Wood, Tile, Carpet
Building materials
FiberCement
Roof type
Metal, Composition
Additional Structures
Storage
Listing Agency:
Tina Leigh Realty
Listed By:
Virginia Simms
(972) 824-0631
Added: Jul 18
Changed: Oct 18
Last Checked: Oct 22 at 2:06PM
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
6.57%
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 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$5.80M
$5.07M – $6.76M
NOI $405,791 @ 7.0% cap · market cap 30.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
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
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 $1,350,000.
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
