Property
Beds
8
Full Baths
8
1/2 Baths
None
Year Built
1953
Sq.Footage
5,960
One lot. Three buildings. Eight individual apartments. A rare opportunity to acquire an income-producing multi-family property just steps from Historic Downtown McKinney Square - one of North Texas’ most vibrant and walkable destinations. Located in rapidly growing Collin County, this unique offering places you in the heart of downtown McKinney, where festivals, fine dining, boutique shopping, and year-round events continue to draw visitors from across the region. Despite this demand, walkable boutique-style accommodations remain limited, creating a clear opportunity for thoughtful repositioning. This property is well-suited for a variety of uses, including a luxury bed and breakfast, boutique hotel, short-term rental compound, or a curated multi-family concept designed to serve the area’s expanding visitor base. It also offers strong long-term rental potential and has a proven track record supporting a nonprofit housing initiative, demonstrating both income stability and flexibility for mission-driven use. The site features a historic two-story home converted into a fourplex, a five-car garage with two apartments above, and a duplex complete with on-site laundry facilities and a spacious office, ideal for management or operations. A standout feature is the abundance of on-site parking, a rare and valuable asset in downtown McKinney that enhances both functionality and guest experience. With three distinct structures and eight fully self-sufficient units on a single lot, the property offers multiple paths for income generation, repositioning, or future redevelopment. An exceptional opportunity to own a versatile asset in the heart of Historic Downtown McKinney.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, High Speed Internet
-
Total Bedrooms
8
-
Bathrooms
8
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
5
-
Construction Materials
Wood Siding
-
Parking
Additional Parking, Driveway, Garage
-
Patio and Porch Features
Covered
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.195
-
Lot Size(square feet)
8494.2
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$1,700,000
-
Tax Amount
$8,673
-
Sq. Footage
5, 960
-
Price/SqFt
$285
HOA
-
Association
No
School District
-
Elementary School
Burks
-
Middle School
Faubion
-
High School
Mckinney Boyd
Property Features
-
Foundation Details
Block, Pillar/Post/Pier, Slab
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
1D
-
Water Source
Public
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Location
County
Collin
Elementary School
Burks
Middle School
Faubion
High School
Mckinney Boyd
Listing Courtesy of Hannah Ewing , Acquisto Real Estate
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