Three-Building Income
303 N Waddill St McKinney, TX 75069
New
303 N Waddill St, McKinney, TX, 75069
$1,500,000
For Sale
$1,500,000
Single-lot property with three buildings and eight fully self-sufficient apartments.
Property Size5,960 SF
Price / SF$251.68
Days on Market3
Property Features for 303 N Waddill St
General Information
- Standard status
- Active
- Size
- 5,960 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1953
Listing agency
Acquisto Real Estate
(972) 396-7512
Listed by
Hannah Ewing · License #0716543
Source
1plusrealty
Added: Jul 20 Updated: Jul 21 at 7:31PM Checked: Jul 22 at 4:51AM
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 Acquisto Real Estate
Investment Insights
Based on property information with market context.
This single-lot multifamily property includes three separate structures totaling eight individual apartments. The site features a historic two-story home converted into a fourplex, a five-car garage with two apartments above, and an additional duplex with on-site laundry facilities and a spacious office suitable for management or operations. On-site parking is available for residents and visitors, supporting day-to-day functionality.
The property is located near Historic Downtown McKinney Square in Collin County, placing it within walking distance of local dining, shopping, and year-round events.
With fourplex, garage-apartment, and duplex components all on one parcel, the layout supports multiple income configurations and operational flexibility under one ownership.
The property is located near Historic Downtown McKinney Square in Collin County, placing it within walking distance of local dining, shopping, and year-round events.
With fourplex, garage-apartment, and duplex components all on one parcel, the layout supports multiple income configurations and operational flexibility under one ownership.
Key Highlights
- Single‑lot multi‑family property with 3 buildings and 8 individual apartments
- Historic 2‑story home converted into a fourplex
- 5‑car garage with 2 apartments above
Local 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 | $188.1k | $31.56 |
| − Vacancy | −$20.7k | −$3.47 |
| EGI | $167.4k | $28.09 |
| − OpEx | −$50.2k | −$8.43 |
| NOI | $117.2k | $19.66 |
5,960 SF · lease $31.56/SF/yr · vacancy 11.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.67M
$1.46M – $1.95M
NOI $117,185 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,625 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.68M
$1.47M – $1.95M
NOI $117,293 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Single-lot property with three buildings and eight fully self-sufficient apartments.
Where is this quadplex located?
The property is located at 303 N Waddill St McKinney, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Single‑lot multi‑family property with 3 buildings and 8 individual apartments; Historic 2‑story home converted into a fourplex; 5‑car garage with 2 apartments above
