925 Parkplace Ridge, Princeton, TX 75407
MULTI_FAMILY - Princeton, TX
- Added:
- Apr 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 14 at 11:06 pm
Property Features for 925 Parkplace Ridge
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
- 2611749
- Lot size
- 0.14 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
- Carpet, Laminate
- 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
- Adjacent duplex‑style properties at 925 and 927 Parkplace Ridge in Princeton
- Each property is recorded at approximately 1,650 SF and built in 2014
- Each duplex features a functional 4‑bed, 2‑bath layout
- Each property sits on approximately 0.14‑acre lot sizing
- Brick construction with central heating and central air
- Public water and public sewer; shingle roof; includes garage parking
Overview
The offering is located in Princeton, Texas, within Collin County, at 925 Parkplace Ridge and 927 Parkplace Ridge. Because the homes are contiguous and mirror each other in design and layout, they can simplify underwriting and planning for investors, while also supporting owner-user flexibility.
This is a practical fit for buyers seeking a small, manageable entry point into multifamily ownership, including investors who want stable rental income and the option to expand within the subdivision. Owner-users may also find the layout suitable for house-hack style living or flexible occupancy across both units. The seller notes additional duplexes are available in the subdivision in conjunction with this offering, supporting a broader acquisition strategy if desired.
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 | $46.1k | $27.96 |
| − Vacancy | −$4.7k | −$2.84 |
| EGI | $41.4k | $25.12 |
| − OpEx | −$12.4k | −$7.54 |
| NOI | $29.0k | $17.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Collin
- State
- Texas
- Longitude
- -96.489202
- Latitude
- 33.181877
