702 E College Avenue, Princeton, TX 75407
MULTI_FAMILY - Princeton, TX
- Added:
- Apr 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 14 at 9:06 pm
Property Features for 702 E College Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage
- Interior features
- OpenFloorplan
- Appliances
- Dishwasher, ElectricCooktop, ElectricOven
- Standard status
- Active
- APN
- 2705541
- Lot size
- 0.30 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2014
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Carpet
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Jordan Cortez License #0494942 (214) 556-1951
Listing office Vanguard Real Estsate Advisors Dallas, TX (214) 556-1951
Listing date Apr 29, 2026
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
- Two adjacent duplex‑style properties at 702 & 704 E College St in Princeton, offering a two‑address acquisition on the same block.
- Each property is recorded at approximately 1,710 SF and built in 2014.
- Functional 4‑bed, 2‑bath layout in each unit/property.
- Approx. 0.15‑acre lot sizing associated with each property.
- Brick construction with shingle roof; central heating and central air.
- Public water and public sewer; garage parking; open floorplan with dishwasher, electric cooktop, and electric oven.
Overview
The properties are positioned together, allowing an owner to manage both addresses as part of the same acquisition. The lot sizing is approximately 0.15 acres per property, and each address is recorded at approximately 1,710 square feet. The sale is described as part of a broader availability, with additional duplexes for sale in the same subdivision in conjunction with this offering.
For tenants, the bedroom and bath mix supports household-level functionality, while the newer construction date can help reduce near-term uncertainty compared to older stock. For buyers, the two-address structure creates straightforward diversification within a compact footprint, with the benefit of side-by-side control. Investors may also view this as a practical entry point for expanding within the subdivision, subject to confirming availability through the listing agent.
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 | $47.8k | $27.96 |
| − Vacancy | −$4.9k | −$2.84 |
| EGI | $43.0k | $25.12 |
| − OpEx | −$12.9k | −$7.54 |
| NOI | $30.1k | $17.58 |
Alternative Uses
Current Use by Public Records
Map
- City
- Princeton
- County
- Collin
- State
- Texas
- Longitude
- -96.493606
- Latitude
- 33.183137
