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1607 M Avenue

Plano, TX 75074

$975,000

5 units · 1946

Units5
Building area3,008 sq ft
Year built1946
Gross income$84,000/yr
Cap rate7.18% as listed
Parking10 spaces
Lot size0.363 acres
TypeApartment

What it costs to own

Taxes$7,101 per year
HOANone listed
Operating expenses$14,000 per year — as listed
Insurance$5,500 per year — as listed
Net operating income$70,000 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

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.

The details

HeatingElectric
CoolingCentral Air
FlooringLuxury Vinyl Plank
AppliancesElectric Range
Interior featuresOther

Construction materialsBrick, Concrete, Siding, Wood
RoofComposition
FoundationPillar/Post/Pier

Lot featuresLrg. Backyard Grass
FencingWood
Water sourceCity Water
SewerCity Sewer

SubdivisionClint Forman Add

ElementaryMendenhall
Middle schoolOtto
High schoolWilliams
DistrictPlano ISD

Gross income$84,000 per year
Operating expenses$14,000 per year
Insurance$5,500 per year
Cap rate7.18% — as listed
Net operating income$70,000 per year

MLS #21372706
Source
On the market7 days
CountyCollin

Around this home

One moment…

Everyday life

Nearest groceryGreen Vine Market · 0.2 mi
Nearest parkHaggard Park · 0.3 mi

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Listing courtesy of Stride Real Estate, LLC — Chenchi Kuriakose.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Nearby in PLANO

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6713 Columbine Way, Plano, TX 75093

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4 bd · 4 ba · 3,890 sq ft · 0.23 ac

6713 Columbine Way

Plano, TX 75093

Listing courtesy of Douglas Elliman Real Estate

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21372706. Information last updated September 5, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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