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PRICE CUTMULTI-FAMILY · HOOD - MILLER

$1,975,000

1509 F. Avenue 12, Plano, TX 75074
24 BD · 24 BA · 12,300 SQFT · BUILT 1970 · $161/SQFT

HOOD - MILLER, Plano — 105 days on the market.

EXECUTIVE SUMMARY This offering presents the acquisition of a well-located 12-unit multifamily property in Downtown Plano, one of the most active and supply-constrained submarkets in North Texas. The asset provides stable in-place income supported by long-term tenancy (5+ year average stay), combined with a clear and achievable rent growth strategy. Current rents are below market for comparable unit sizes, creating an immediate opportunity to increase revenue through gradual repositioning and operational improvements. The property has undergone key capital improvements, including roof replacement, upgraded flooring, energy-efficient windows, and parking lot enhancements, significantly reducing near-term capital expenditure risk. At an attractive investment positioned below replacement cost in a high-demand location with strong fundamentals, including walkability, public transit access, and proximity to major employment centers. *** Please review and follow instruction in submitting an offer TransactionDesk

01 — THE NUMBERS
DAYS ON MARKET
105
$ / SQFT
$161
PROPERTY TYPE
Multi-family
YEAR BUILT
1970
STATUS
Active Under Contract
LISTED
JUN 22
LOT
0.75 AC
ORIGINAL PRICE
$2190K
02 — KNOW THE CITY
PlanoFULL CITY REPORT →
THIS HOME VS CITY MEDIAN ACTIVE LIST ($540K · NTREIS)
+266% VS MEDIANPLANO ISD · COLLIN COUNTY · 20 MIN TO DT DALLAS
03 — SCHOOLS
Schools reported for this listing

Schools reported by this listing’s MLS record. School assignments and boundaries can change. Verify the specific address with the district.

ELEMENTARYMendenhall
MIDDLEBowman
HIGHWilliams
DISTRICTPlano ISD
AS REPORTED ON THE MLS RECORD — NOT A BOUNDARY DETERMINATION
LISTING COURTESY OF CENTRAL METRO REALTYMLS# 21283739 · NTREIS
LAST UPDATED AUG 27, 2026, 3:42 PM CT · NTREIS IDX · LISTING INFORMATION PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. (NTREIS). INFORMATION IS DEEMED RELIABLE BUT IS NOT GUARANTEED AND SHOULD BE INDEPENDENTLY VERIFIED. DATA MAY NOT REFLECT ALL REAL ESTATE ACTIVITY IN THE MARKET. COPYRIGHT NTREIS. ALL RIGHTS RESERVED.
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