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1425 Lone Star Road

Celina, TX 75009

$1,350,000

4 units · 1900

Units4
Building area3,280 sq ft
Year built1900
Gross income$61,200/yr
Cap rate3.7% as listed
Parking4 spaces
Lot size2.44 acres
TypeResidential Income

What it costs to own

Taxes$10,485 per year
HOANone listed
Operating expenses$10,000 per year — as listed
Insurance$1,000 per year — as listed
Net operating income$50,000 per year — as listed

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

About this home

Offering a blended price of approximately $231 per square foot across five separate residences, this distinctive 2.44-acre property combines Texas history, acreage and immediate rental income. The five residences provide approximately 5,834 total square feet of living space. MLS square footage and the calculated price per square foot reflect only the 2,554-square-foot main residence. The four tenant-occupied cottages provide 3,280 additional square feet and generate $5,200 per month in rental income.

Ideal as a private estate, multigenerational compound or primary residence with substantial rental income, the property features the restored 1894 John Elias and Ida May Herrington House. The historic main residence was extensively rebuilt from the studs within the past 20 years, preserving its architectural character while updating major components for modern living.

Designated as a Texas Historic Landmark, the Queen Anne Victorian showcases original hardwood floors, soaring ceilings, intricate millwork, stained glass, transom windows, pocket doors and multiple fireplaces. Updated kitchens and baths provide modern convenience. Additional spaces include a library, formal dining room, multiple living areas, wraparound porches and a shaded flagstone courtyard beneath majestic oak trees. The primary suite includes a cedar-lined walk-in closet.

Cottages A and B are mirror-image one-bedroom homes, Cottage C is an efficiency, and Cottage D offers a spacious two-bedroom layout. Each has been updated and enjoys access to shared outdoor spaces.

The grounds feature mature trees, manicured landscaping, a gazebo, windmill, shared fire pit, covered pavilion, pump house, storage building and chicken coop. A detached three-car garage and 20-by-30-foot workshop with electricity and a built-in woodworking bench provide space for vehicles, hobbies or storage. The corner lot is surrounded by upscale acreage properties.

The details

HeatingCentral, Propane
CoolingCeiling Fan(s), Central Air, Electric
FlooringCarpet, Luxury Vinyl Plank, Tile, Wood
AppliancesDishwasher, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
Interior featuresCathedral Ceiling(s), High Speed Internet Available, Kitchen Island, Pantry, Walk-In Closet(s)

Construction materialsFiber Cement, Siding
RoofComposition, Metal
FoundationSlab

Lot featuresAcreage, Corner Lot, Interior Lot, Irregular Lot, Landscaped, Lrg. Backyard Grass, Many Trees, Sprinkler System
FencingFenced, Metal, Vinyl
Water sourceCo-op Water, Individual Water Meter, Well
SewerSeptic
ElectricCo-op Electric, Electricity Available, Electricity Connected
UtilitiesIndividual Gas Meter, Propane

SubdivisionGeorge Wilson Surv Abs #1001

ElementaryBobby Ray-Afton Martin
Middle schoolJerry & Linda Moore
High schoolCelina
DistrictCelina ISD

Gross income$61,200 per year
Operating expenses$10,000 per year
Insurance$1,000 per year
Cap rate3.7% — as listed
Net operating income$50,000 per year

MLS #21326815
Source
Price changeReduced by $90,000 · Sep 17, 2026
On the market80 days
CountyCollin

Around this home

One moment…

Everyday life

Nearest groceryWalmart Supercenter · 5.9 mi
Nearest parkCollege Hill Youth Sports · 6.6 mi

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Listing courtesy of Tina Leigh Realty — Virginia Simms.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21326815. Information last updated September 27, 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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