Renovated Duplex in Prime
1721 R Avenue Plano, TX 75074
For Sale
$457,500
Turnkey duplex with two units, ideal for owner-occupants or investors.
Property Size1,802 SF
Price / SF$253.88
Days on Market172
Property Features for 1721 R Avenue
General Information
- Standard status
- Active
- Size
- 1,802 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1963
Listing Agency:
BK Real Estate
(214) 833-8403
Listed By:
Harrison Sharp · License #0735232
(214) 833-8403
Source:
Compass
Added: Feb 2
Changed: Jul 10
Last Checked: Jul 23 at 10:05AM
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 BK Real Estate
Investment Insights
Based on property information with market context.
This renovated duplex is located in Plano, Texas. The property features two units, each with 2 bedrooms and 2 full bathrooms. The renovation included new kitchen cabinets, quartz countertops, stainless steel appliances, white oak flooring, energy-efficient windows, a 30-year roof, custom tile work in the bathrooms, updated lighting and fixtures, and fresh interior and exterior paint. The backyard is fully fenced. Both units are vacant, offering opportunities for owner-occupancy or immediate rental income. The property is located in a strong rental market with major employers such as AT&T. The property size is 1802 square feet.
Key Highlights
- Fully renovated duplex featuring two 2‑bedroom, 2‑bathroom units.
- Turnkey property, ready for immediate occupancy or rental income.
- Located in highly desirable Plano, a strong rental market.
Financial Insights For Multifamily LT 5
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 | $46.5k | $25.80 |
| − Vacancy | −$5.0k | −$2.77 |
| EGI | $41.5k | $23.03 |
| − OpEx | −$12.5k | −$6.91 |
| NOI | $29.1k | $16.12 |
1,802 SF · lease $25.80/SF/yr · vacancy 10.73% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$415.0K
$363.2K – $484.2K
NOI $29,052 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$381.3K
$333.6K – $444.8K
NOI $26,690 @ 7.0% cap · market cap 5.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex with two units, ideal for owner-occupants or investors.
Where is this duplex located?
The property is located at 1721 R Avenue Plano, TX.
What is the asking price?
The asking price for this property is $457,500.
What are key features of this property?
This property features: Fully renovated duplex featuring two 2‑bedroom, 2‑bathroom units.; Turnkey property, ready for immediate occupancy or rental income.; Located in highly desirable Plano, a strong rental market.
