2-Unit Renovated
For Sale
$475,000
1725 R Avenue, Plano, TX 75074
Each residence offers two bedrooms, two full bathrooms, central air, and updated kitchen and bath features.
Property Size1,802 SF
Price / SF$263.60
Days on Market203
Property Features for 1725 R Avenue
General Information
Standard status
Active
Size
1,802 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
Ceiling Fan(s), Central Air, Electric
Central, Electric
Luxury Vinyl Plank
Dishwasher, Disposal
Cable TV Available, Granite Counters, High Speed Internet Available
No
Composition
One
1
Slab
Public Records
2
Brick
Building Details
Year Built
1963
Buildings
1
Listing Agency:
BK Real Estate
(214) 833-8403
Listed By:
Harrison Sharp · License #0735232
(214) 833-8403
Source:
Compass
Added: Feb 9
Changed: Aug 30
Last Checked: Aug 30 at 8:58AM
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 duplex contains two residences totaling 1,802 square feet, with each unit configured with two bedrooms and two full bathrooms. The property was renovated with updated kitchen cabinetry, stainless steel appliances, custom bathroom tile, lighting and fixtures, energy-efficient windows, fresh interior and exterior paint, and a new 30-year roof. Central air and electric service support both units, while a dishwasher and disposal are included in each kitchen. The building also has a composition roof, brick exterior, slab foundation, and a fully fenced backyard.
Both units are vacant, allowing an owner to occupy one residence while leasing the other or to lease the duplex as a two-unit property. The property is located at 1725 R Avenue in Plano, Texas, and was built in 1963. Cable TV and high-speed internet are available.
Both units are vacant, allowing an owner to occupy one residence while leasing the other or to lease the duplex as a two-unit property. The property is located at 1725 R Avenue in Plano, Texas, and was built in 1963. Cable TV and high-speed internet are available.
Key Highlights
- Two‑unit duplex with 1,802 square feet
- Each unit includes 2 bedrooms and 2 full bathrooms
- Renovations include stainless steel appliances, custom bathroom tile, updated fixtures, and energy‑efficient windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,052
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$581,040
$581.0K
Cap Rate 7%
$415,029
$415.0K
Cap Rate 9%
$322,800
$322.8K
Market Conditions
NOI Build-Up for 1,802 SF
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.
Gross rent
$46.5K $25.80/SF
− Vacancy
−$5.0K −$2.77/SF
EGI
$41.5K $23.03/SF
− OpEx
−$12.5K −$6.91/SF
NOI
$29.1K $16.12/SF
Area
Plano, TX
Vacancy
10.73%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$581,040
Cap Rate 7%
$415,029
Cap Rate 9%
$322,800
Alternative Uses
Best Use
Multifamily LT 5
$415.0K
$363.2K – $484.2K
NOI $29,052 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$381.3K
$333.6K – $444.8K
NOI $26,690 @ 7.0% cap · market cap 5.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, two full bathrooms, central air, and updated kitchen and bath features.
Where is this duplex located?
The property is located at 1725 R Avenue Plano, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,802 square feet; Each unit includes 2 bedrooms and 2 full bathrooms; Renovations include stainless steel appliances, custom bathroom tile, updated fixtures, and energy‑efficient windows
