Multi-family investment opportunity in the heart of historic downtown McKinney. Listing is for 3 properties - 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, non-profit housing, 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.
Property Details
- Interior
- Eat In Kitchen, High Speed Internet
- Cooling
- 1
- Heating
- Natural Gas
- Cooling Features
- Central Air
- Bedrooms
- 8
- Bathrooms
- 8.0
- Full Baths
- 8
- Lot Features
- Corner Lot
- Lot Description
- Corner Lot
- Acres
- 0.0
- Square Feet
- 5960.0
- Lot Size (sqft)
- 0.195
- Parking Features
- Additional Parking, Driveway, Garage
- Parking
- 1
- Parking Type
- Driveway
- Parking Garage Spaces
- 5.0
- Parking Carport Spaces
- 0.0
- Property Type
- Purchase
- Property Subtype Additional
- Single Family Residence
- Year Built
- 1953
- Foundation
- Block, Pillar Post Pier, Slab
- Roof
- Shingle
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available
- Appliances
- Dishwasher, Gas Oven, Microwave
- Subdivision
- Waddill Add
- School District
- McKinney ISD
- Elementary School
- Burks
- Middle School
- Faubion
- High School
- Mckinney Boyd
- County
- Collin
- Region
- McKinney
- Days on Market (Cumulative)
- 90
- Taxes Annual
- $8,673
Location
Legal
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Provided By
Listed by Hannah Ewing (#0716543)
Listing Office: Acquisto Real Estate (#ACQR01C)
