Investor Opportunity – Two Homes on One Lot Near Historic Downtown McKinney
Location: Just 1 mile from the heart of Historic Downtown McKinney
Property Type: Two detached homes on a single lot
Use Options: Lease both homes or live in one and rent out the other
Property Highlights:
• Fully Remodeled Home
– Brand new appliances
– New Paint on the interior and exterior
– Custom cabinetry
– Massive 10-ft granite island
– Beautifully tiled bathroom
– New double-pane windows for energy efficiency
• Second Home – Recently Updated
– Move-in ready with modern upgrades
Investment Potential:
• Prior leases generated 8% ROI
• With recent upgrades and strong local market growth, new leases project 10%+ ROI
• Highly desirable location ensures consistent rental demand
• Ideal for long-term tenants, short-term rental, or owner-occupant strategy
Whether you’re expanding your portfolio or looking for a great opportunity, this versatile, high-yield property offers exceptional value in one of McKinney’s most sought-after areas.
Sold
Price Unknown
607 W Erwin Ave, McKinney, TX 75069
4beds
1,902sqft
Multi Family
Built in 1960
-- sqft lot
$409,700 Zestimate®
$--/sqft
$1,926 Estimated rent
Home value
$409,700
$385,000 - $434,000
$1,926/mo
Zestimate® history
Owner options
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List your homeWhat's special
Brand new appliancesBeautifully tiled bathroomCustom cabinetry
Zillow last checked:
Listing updated:
Listed by:
Ashton Kuehne 0676044 214-773-9412,
The Joyce Realty Group 214-773-9412
Bought with:
Victor Steffen
eXp Realty LLC
Source: NTREIS,MLS#: 21020614
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Refrigerator
Features
- Built-in Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 1,902
- Total interior livable area: 1,902 sqft
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: R0840013034B1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Concrete
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Whites Add
HOA
- Has HOA: No
Location
- Region: Mckinney
Financial & listing details
- Tax assessed value: $360,145
- Annual tax amount: $4,322
- Date on market: 8/4/2025
- Cumulative days on market: 57 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2025 | Sold | -- |
Source: NTREIS #21020614 Report a problem | ||
| 10/23/2025 | Pending sale | $410,000$216/sqft |
Source: NTREIS #21020614 Report a problem | ||
| 10/1/2025 | Contingent | $410,000$216/sqft |
Source: NTREIS #21020614 Report a problem | ||
| 9/4/2025 | Price change | $410,000-3.5%$216/sqft |
Source: NTREIS #21020614 Report a problem | ||
| 8/4/2025 | Listed for sale | $425,000+7.6%$223/sqft |
Source: NTREIS #21020614 Report a problem | ||
| 3/24/2025 | Listing removed | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/18/2025 | Price change | $1,500-3.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/7/2025 | Price change | $1,550-3.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/12/2025 | Price change | $1,600-3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/29/2024 | Listed for rent | $1,650+6.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/16/2024 | Listing removed | -- |
Source: NTREIS #20560162 Report a problem | ||
| 5/14/2024 | Price change | $395,000-2.5%$208/sqft |
Source: NTREIS #20560162 Report a problem | ||
| 3/28/2024 | Listed for sale | $405,000+88.4%$213/sqft |
Source: NTREIS #20560162 Report a problem | ||
| 1/2/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/9/2023 | Listed for rent | $1,550+6.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/15/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 6/11/2022 | Listed for rent | $1,450+16%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/14/2020 | Listing removed | $1,250$1/sqft |
Source: Owner Report a problem | ||
| 7/30/2020 | Listed for rent | $1,250$1/sqft |
Source: Owner Report a problem | ||
| 9/1/2019 | Listing removed | $1,250$1/sqft |
Source: Owner Report a problem | ||
| 6/29/2019 | Listed for rent | $1,250$1/sqft |
Source: Owner Report a problem | ||
| 4/3/2018 | Listing removed | $215,000$113/sqft |
Source: eXp Realty, LLC #13784612 Report a problem | ||
| 3/13/2018 | Pending sale | $215,000$113/sqft |
Source: eXp Realty, LLC #13784612 Report a problem | ||
| 2/10/2018 | Listed for sale | $215,000$113/sqft |
Source: eXp Realty, LLC #13773066 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,964 +18.4% | $284,093 +20% |
| 2024 | $4,193 -3% | $236,744 -2.2% |
| 2023 | $4,322 +2.7% | $242,049 +15.3% |
| 2022 | $4,206 +5.5% | $209,893 +11.8% |
| 2021 | $3,987 -2.9% | $187,761 +2.3% |
| 2020 | $4,105 -0.9% | $183,508 +0.1% |
| 2019 | $4,143 +58.8% | $183,308 +67% |
| 2018 | $2,609 +37.5% | $109,736 +17.9% |
| 2017 | $1,897 | $93,111 +21.9% |
| 2016 | $1,897 +30.2% | $76,405 +19% |
| 2015 | $1,456 | $64,229 +13.3% |
| 2014 | $1,456 | $56,670 +13.1% |
| 2012 | -- | $50,122 -11.4% |
| 2011 | -- | $56,585 -5.1% |
| 2010 | -- | $59,648 -3.5% |
| 2009 | -- | $61,836 -7.8% |
| 2008 | -- | $67,086 -14.6% |
| 2006 | -- | $78,534 +6.8% |
| 2005 | -- | $73,520 -1.5% |
| 2004 | -- | $74,637 -0.8% |
| 2003 | -- | $75,208 -2% |
| 2002 | -- | $76,753 +2.3% |
| 2001 | -- | $75,000 |
Find assessor info on the county website
Neighborhood: 75069
Nearby homes
- $279,2002 bd1 ba1k sqft1212 N College St, McKinney, TX 75069Off Market
- $--3 bd3 ba2.2k sqft1013 Sherman St, McKinney, TX 75069Sold
- $264,3002 bd1 ba918 sqft1011 Sherman St, McKinney, TX 75069Off Market
- $313,4003 bd2 ba1.3k sqft701 W Erwin Ave, McKinney, TX 75069Off Market
- $330,2004 bd2 ba1.5k sqft1009 Sherman St, McKinney, TX 75069Off Market
- $298,0002 bd2 ba1.5k sqft1207 N College St, McKinney, TX 75069Pending
- $359,000-- bd-- ba1.9k sqft1007 Sherman St, McKinney, TX 75069Off Market
- $260,0002 bd1 ba885 sqft1203 N College St, McKinney, TX 75069Off Market
Nearby schools
GreatSchools rating
- 5/10Caldwell Elementary SchoolGrades: K-5Distance: 0.8 mi
- 9/10Faubion Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Mckinney Boyd High SchoolGrades: 9-12Distance: 3.4 mi
Schools provided by the listing agent
- Elementary: Lizzie Nell Cundiff McClure
- Middle: Evans
- High: Mckinney
- District: McKinney ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$409,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$409,700
- Texas
- Collin County
- McKinney
- 75069
- 607 W Erwin Ave
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