Multifamily Townhome With Two
For Sale
$379,000
1739 Palladio Loop, Princeton, TX 75407
Leased three-bedroom residence with flexible multigenerational layout, contemporary finishes, and community amenities projected for completion by year-end.
Property Size1,962 SF
Price / SF$193.17
Days on Market182
Property Features for 1739 Palladio Loop
General Information
Standard status
Active
Size
1,962 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Apartment/5Plex+
Amenities
Central Air
Central
No
Carpet, Luxury Vinyl Plank, Tile
Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Water Filter
1962.0
Chandelier, Decorative Lighting, High Speed Internet Available, In-Law Suite Floorplan, Kitchen Island, Loft, Open Floorplan, Pantry, Walk-In Closet(s), Second Primary Bedroom
Shingle
Two
Lighting
2
Slab
Builder
1
Brick
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Cope Realty, LLC
(214) 592-5641
Listed By:
Mark Cope · License #0662633
(214) 592-5641
Source:
Compass
Added: Mar 2
Changed: Aug 30
Last Checked: Aug 30 at 4:13PM
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 Cope Realty, LLC
Investment Insights
Based on property information with market context.
This 1,962-square-foot multifamily townhome in Princeton was built in 2024 and is currently leased. The Jefferson floorplan provides three bedrooms, 3.5 bathrooms, and a two-car garage, with two primary bedroom suites and an upstairs laundry room. The main living area has 9-foot first-floor ceilings and an open arrangement connecting the living, dining, and kitchen areas. Quartz countertops, a large island, apron-front sink, stainless-steel appliances, walk-in closets, and a walk-in shower are included. Flooring consists of carpet, luxury vinyl plank, and tile, with central air and high-speed internet available.
Community features include a resort-style swimming pool, BBQ grills, pavilion, dog park, putting green, cornhole, ping pong, shuffleboard, pickleball court, and playground, with amenities projected for completion by year-end. Exterior yard maintenance and landscaping are included. The property is located at 1739 Palladio Loop in Princeton, Texas.
Community features include a resort-style swimming pool, BBQ grills, pavilion, dog park, putting green, cornhole, ping pong, shuffleboard, pickleball court, and playground, with amenities projected for completion by year-end. Exterior yard maintenance and landscaping are included. The property is located at 1739 Palladio Loop in Princeton, Texas.
Key Highlights
- 1,962‑square‑foot Jefferson floorplan built in 2024
- Three bedrooms, 3.5 bathrooms, and a two‑car garage
- Two primary bedroom suites, each with its own full bath
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
$29,834
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
7.87%
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%
$596,680
$596.7K
Cap Rate 7%
$426,200
$426.2K
Cap Rate 9%
$331,489
$331.5K
Market Conditions
NOI Build-Up for 1,962 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
$60.7K $30.96/SF
− Vacancy
−$6.5K −$3.31/SF
EGI
$54.2K $27.65/SF
− OpEx
−$24.4K −$12.44/SF
NOI
$29.8K $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 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%
$596,680
Cap Rate 7%
$426,200
Cap Rate 9%
$331,489
Alternative Uses
Best Use
Apartment 5plus
$426.2K
$372.9K – $497.2K
NOI $29,834 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.95M
$1.71M – $2.27M
NOI $136,469 @ 7.0% cap · market cap 36.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 75407, TX
25,738
Population
10,095
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
49.9 sq mi
ZIP Area
516
Density / Sq Mi
$92,076
Median Household Income
$48,912
Median Earnings
$1,867
Median Rent
$307,500
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?
Multifamily property - Leased three-bedroom residence with flexible multigenerational layout, contemporary finishes, and community amenities projected for completion by year-end.
Where is this multifamily property located?
The property is located at 1739 Palladio Loop Princeton, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,962‑square‑foot Jefferson floorplan built in 2024; Three bedrooms, 3.5 bathrooms, and a two‑car garage; Two primary bedroom suites, each with its own full bath
