About 1509 F. Avenue 12
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
Status Change History
| Date | Details | Status |
|---|---|---|
| Aug 27, 2026 | Status Changed from Active to Active Under Contract | Active Under Contract |
Price Change History
| Date | Details | Price |
|---|---|---|
| Aug 10, 2026 | Price Reduced from $2,189,500 to $1,975,000 | $1,975,000 |
| Jul 7, 2026 | Price Reduced from $2,249,000 to $2,189,500 | $2,189,500 |
Features of 1509 F. Avenue 12
| MLS® # | 21283739 |
|---|---|
| Price | $1,975,000 |
| Bedrooms | 24 |
| Bathrooms | 12.12 |
| Full Baths | 12 |
| Half Baths | 12 |
| Square Footage | 12,300 |
| Acres | 0.75 |
| Year Built | 1970 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active Under Contract |
Community Information
| Address | 1509 F. Avenue 12 |
|---|---|
| Subdivision | HOOD - MILLER |
| City | Plano |
| County | Collin |
| State | Texas |
| Zip Code | 75074 |
Amenities
| Utilities | City Sewer, City Water, Electricity Connected, Master Water Meter |
|---|---|
| Features | Other |
| Parking Spaces | 16 |
| Garages | Asphalt, Assigned |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Eat-in Kitchen |
|---|---|
| Heating | Electric |
| Fireplace | No |
| Fireplaces | None |
Exterior
| Exterior Features | Other |
|---|---|
| Roof | Flat, Tar/Gravel |
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Plano ISD |
|---|---|
| Elementary | Mendenhall |
| Middle | Bowman |
| High | Williams |
Additional Information
| Date Listed | May 14th, 2026 |
|---|---|
| Days on Market | 124 |
Listing Details
| Agent | Nathan Malka |
|---|---|
| Office | Central Metro Realty |
| Contact Info | 214-418-4335 |