For sale

Price cut: $59.5K (7/7)

$2,189,500

1509 F Ave #12, Plano, TX 75074

24beds

12,300sqft

$15,594/mo

Get pre-qualified

Multi Family, Apartment

Built in 1970

-- sqft lot

$2,006,200 Zestimate^®

$178/sqft

$-- HOA

What's special

Upgraded flooringParking lot enhancementsEnergy-efficient windowsRoof replacement

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.

56 days

726

42

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 24
Bathrooms: 24
Full bathrooms: 12
1/2 bathrooms: 12

Heating

Electric

Cooling

Central Air, Ceiling Fan(s), Electric

Appliances

Included: Electric Cooktop, Refrigerator

Features

Eat-in Kitchen
Flooring: Ceramic Tile, Laminate
Windows: Window Coverings
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 12,300
Total interior livable area: 12,300 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 16
Parking features: Assigned, Asphalt

Accessibility

Accessibility features: Accessible Full Bath, Accessible Bedroom

Features

Levels: One
Stories: 1
Patio & porch: Other
Exterior features: Other
Pool features: None
Fencing: Wood

Lot

Size: 0.75 Acres

Details

Parcel number: R022000A00701

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Apartment

Materials

Brick
Foundation: Slab
Roof: Flat,Tar/Gravel

Condition

Year built: 1970

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Available, Water Available

Community & HOA

Community

Features: Other
Security: Other
Subdivision: Hood - Miller

HOA

Has HOA: No

Location

Region: Plano

Financial & listing details

Price per square foot: $178/sqft
Date on market: 5/28/2026
Cumulative days on market: 71 days
Listing terms: Cash,Conventional

Estimated market value

$2,006,200

$1.91M - $2.11M

$1,513/mo

Price history

Date	Event	Price
7/7/2026	Price change	$2,189,500-2.6%$178/sqft
Source: NTREIS #21283739 Report a problem
5/28/2026	Listed for sale	$2,249,000$183/sqft
Source: NTREIS #21283739 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified