MULTIFAMILYRADAR
5-Unit Multifamily in Plano, TX, photo 1
Stabilized
$975,000

5-Unit Multifamily in Plano, TX

TX · listed Aug 28, 2026 (61 days)

Price per unit compared
This property$195K
Within ~40 mi (138)$132K
Texas median (1,196)$92K
$/unit
$195,000
▲ 112% vs TX · 85th pct
Cap rate
—
 
NOI
$70K
$14,000/unit/yr
Units
5
1 bldg · 1946

Financials

Asking price
$975,000
Price per unit
$195,000
Price per sq ft
$324
Gross rent / year
$84,000
Net operating income
$70,000
NOI per unit
$14,000
Cap rate
Not stated
Gross yield
8.6%gross rent ÷ price
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
5
Unit mix
Not stated
Buildings
1
Year built
1946
Building size
3,008 sq ft
Avg unit size
602 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Aug 28, 2026
Days on market
61 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1763

About this property

Fully renovated five-unit multifamily investment opportunity in Plano, Texas, situated on approximately 0.36 acres. This property has been extensively rebuilt and renovated from the framing, with major improvements including new flooring, ceilings, kitchens, cabinetry, bathrooms, appliances, and a Class 3 impact-resistant roof. Offering approximately 3,008 square feet, the property is in turnkey condition and positioned for strong long-term investment potential. Conveniently located near the major Collin Creek Mall redevelopment and other area improvements. A large open area at the rear of the property may provide potential for additional multifamily expansion or other future development, subject to zoning, permitting, and City of Plano approval. Short-term rental use may also be possible, subject to applicable laws and regulations. Buyer to independently verify all development, zoning, rental, and use possibilities.

Location

Approximate area. The exact address is shared on request.

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