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904 Parkplace Ridge

Princeton, TX 75407

$499,000

2 units · 2010

Units2
Building area3,176 sq ft
Year built2010
Gross income$42,000/yr
Cap rate6.69% as listed
Parking4 spaces
Lot size0.14 acres
TypeDuplex

What it costs to own

TaxesNot provided by the listing
HOANone listed
Operating expenses$8,600 per year — as listed
Insurance$1,500 per year — as listed
Net operating income$33,400 per year — as listed

About this home

Excellent investment opportunity in Princeton, TX! This duplex offers a total of 8 bedrooms, 4 full bathrooms and 2 half bathrooms, with each unit featuring 4 bedrooms, 2 full baths, 1 half bath and an attached garage. Unit 904 is currently tenant occupied at $1,800 per month. Unit 906 is also listed for lease at $1,700 per month, with active marketing underway to secure a tenant. Once both units are leased at these rates, the property would generate $3,500 in monthly gross rental income, or $42,000 annually. Property features spacious floor plans, tile flooring throughout the main living areas, updated flooring upstairs, kitchens with ample cabinetry and counter space, and generous living spaces. Located in an established Princeton neighborhood with a neighborhood park and NO HOA, NO MUD and NO PID. Convenient access to local schools, shopping and major roadways. A great opportunity for an investor seeking a multifamily property with existing rental income and additional income potential. Please do not disturb tenants. Showings by appointment only. Buyer and buyer’s agent to verify all information, measurements, schools, leases, occupancy status and rental information.

The details

HeatingCentral
CoolingCentral Air
FlooringCarpet, Tile, Vinyl
AppliancesDishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
Interior featuresBuilt-in Features, High Speed Internet Available, Walk-In Closet(s)
Bathrooms4 full · 2 half

Construction materialsBrick, Concrete, Frame
RoofAsphalt
FoundationSlab

FencingBack Yard, Wood
Water sourceCity Water
SewerCity Sewer

SubdivisionParkview Heights
Community featuresPark

ElementaryGodwin
Middle schoolClark
High schoolLovelady
DistrictPrinceton ISD

Gross income$42,000 per year
Operating expenses$8,600 per year
Insurance$1,500 per year
Cap rate6.69% — as listed
Net operating income$33,400 per year

MLS #21402164
Source
On the market8 days
CountyCollin

Around this home

One moment…

Everyday life

Nearest groceryWalmart Supercenter · 1.4 mi
Brookshire's · 6.1 mi
Walmart Supercenter · 8.2 mi
Nearest park3rd Street Park · 0.5 mi
Princeton Dog Park · 1.0 mi
J.M. Caldwell Sr. Community Park · 1.1 mi

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Listing courtesy of Real Broker, LLC — Arturo Rodriguez.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21402164. Information last updated October 10, 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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