1509 F Avenue Unit 12, Plano, TX 75074
Twelve-unit income property with recent capital improvements and long-term tenancy, positioned in Downtown Plano.
- Added:
- May 11, 2026
- Days on Market:
- 29
- Last Refresh:
- Jun 6 at 3:20 am
Property Features for 1509 F Avenue Unit 12
General Information
- Standard status
- Active
- Size
- 12,300 SF
- Property subtype
- Multi-Family / Apartment/5Plex+
Building Details
- Year Built
- 1970
Listing agent Nathan Malka License #0453733 (214) 418-4335
Listing office Central Metro Realty (214) 418-4335
Listing date May 11, 2026
Source Compass
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HighLights
- 12‑unit multifamily property in downtown Plano with long‑term tenancy and a 5+ year average stay
- Recent capital improvements include roof replacement, upgraded flooring, energy‑efficient windows, and parking lot enhancements
- All‑electric building with central air and electric heating; interior features include eat‑in kitchen and window coverings
- Brick construction on a slab foundation; flat tar/gravel roof
- 1‑story building with wood fencing; electric cooktop and refrigerator included
- Total building area listed as 12,300 SF (per appraiser building area source)
Overview
Located at 1509 F Avenue, Unit 12, in Downtown Plano, the offering is presented as well-positioned within an active and supply-constrained submarket. The remarks also note walkability, access to public transit, and proximity to major employment centers as part of the surrounding demand profile.
For investors or operators seeking a smaller multifamily platform, the current configuration provides an opportunity to continue operating the property with an eye toward gradual revenue improvement. The seller’s materials describe current rents as below market for comparable unit sizes, along with an achievable rent growth strategy through gradual repositioning and operational improvements.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $373.4k | $30.36 |
| − Vacancy | −$42.2k | −$3.43 |
| EGI | $331.2k | $26.93 |
| − OpEx | −$149.1k | −$12.12 |
| NOI | $182.2k | $14.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Plano
- County
- Collin
- State
- Texas
- Longitude
- -96.7070022
- Latitude
- 33.0206426
