516 S Mckinney Street Mexia, TX 76667
Multiple Single Units - Mexia, TX
Property size:
1,416 SFLot size:
2.00 AcresPrice / SF:
$282/SF- Added:
- Apr 8, 2026
- Days on Market:
- 31
- Last Refresh:
- May 8 at 6:06 am
Property Features for 516 S Mckinney Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 3
- Parking features
- Driveway
- Interior features
- Eat-in Kitchen, High Speed Internet Available, Pantry
- Appliances
- Range, Range - Gas, Refrigerator
- Standard status
- Active
- APN
- R20860
- Size
- 1,416 SF
- Lot size
- 2.00 Acres
Utilities
- Heating system
- Natural Gas, Space Heater
- Cooling system
- Multi Units, Window Unit(s)
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Flooring type
- Wood
- Roof type
- Composition
- Architectural style
- Other
Listing agent Dawn James License #711736 (214) 828-4300
Listing office Coldwell Banker Realty 5960 Berkshire Ln 6th Floor, Flower Mound, TX (214) 453-1850
Listing date Apr 8, 2026
MLS# 21232143
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Investment package: Includes 3 homes and a 1‑acre lot, offering diverse income and development opportunities.
- Two homes are currently leased: Providing immediate rental income with leases in place until 2026 and 2027.
- Large lot sizes: Properties include a .516 acre lot and a full 1‑acre lot, allowing for expansion or development.
- Renovate‑to‑profit potential: The 968 sqft historic home offers a chance to create a unique bed and breakfast or rental property.
- Established rental income: Leased properties generate a combined monthly income of $2800.
- Flexible purchase options: Properties can be purchased as a package or individually.
Overview
Multiple Properties and Land Package
This offering includes a package of three homes and an additional one-acre parcel of land located in Mexia, Texas. Two of the homes are currently leased. The property at 516 S McKinney St. is a 1,416-square-foot home with 2 bedrooms, 1 bath, and a 1-car garage, situated on a 0.25-acre lot. It is currently leased through January 31, 2027, at $1,450 per month. The property at 509 N Ross Ave. is an 1,818-square-foot home with 3 bedrooms, 2 full baths, a garage, and a carport, located on a 0.516-acre lot. This property is leased through July 31, 2026, at $1,350 per month. The third home, located at 512 S McKinney St., is a 968-square-foot, 1-bedroom, 1-bath home that is over 100 years old and requires total renovation, including reconnection to city utility services. This historic home is suitable for conversion into a bed and breakfast. Behind the homes on S McKinney Street is a full 1-acre lot that is fenced. This lot could be leased or developed. The properties can be purchased as a package deal or sold separately.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Mexia
- County
- Limestone
- State
- Texas
- Longitude
- -96.48186
- Latitude
- 31.673782
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Investment opportunity: three homes and a one-acre lot.
Where is this single family property located?
The property is located at 516 S Mckinney Street Mexia, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Investment package: Includes 3 homes and a 1‑acre lot, offering diverse income and development opportunities.; Two homes are currently leased: Providing immediate rental income with leases in place until 2026 and 2027.; Large lot sizes: Properties include a .516 acre lot and a full 1‑acre lot, allowing for expansion or development.
