Three-Building Income
For Sale
$1,350,000
303 N Waddill St, McKinney, TX 75069
Single-lot property with three buildings and eight fully self-sufficient apartments.
Property Size5,960 SF
Price / SF$226.51
Days on Market95
Property Features for 303 N Waddill St
General Information
Standard status
Active
Size
5,960 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
8
Amenities
laundry facilities
office
Building Details
Year Built
1953
Listing Agency:
Acquisto Real Estate
Listed By:
Hannah Ewing · License #0716543
(214) 991-1873
Source:
Aboveandbeyondrealty
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 20 at 10:21PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,185
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,343,700
$2.3M
Cap Rate 7%
$1,674,071
$1.7M
Cap Rate 9%
$1,302,056
$1.3M
Market Conditions
NOI Build-Up for 5,960 SF
Gross rent
$188.1K $31.56/SF
− Vacancy
−$20.7K −$3.47/SF
EGI
$167.4K $28.09/SF
− OpEx
−$50.2K −$8.43/SF
NOI
$117.2K $19.66/SF
Area
McKinney, TX
Vacancy
11.00%
Lease Rate
$31.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,343,700
Cap Rate 7%
$1,674,071
Cap Rate 9%
$1,302,056
Alternative Uses
Best Use
Multifamily LT 5
$1.67M
$1.46M – $1.95M
NOI $117,185 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,625 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$1.68M
$1.47M – $1.95M
NOI $117,293 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
Explore this area
Business Placement
Demographics for 75069, TX
39,084
Population
16,958
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
88%
High-School Grad
33.7 sq mi
ZIP Area
1,160
Density / Sq Mi
$82,804
Median Household Income
$42,816
Median Earnings
$1,530
Median Rent
$413,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 $1,350,000.
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
