Sirka Real Estate
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8Beds
8Baths
5,960Sqft
$1,500,000
MLS# 21300855

Overview

8 / 8 / 5 Car
Bed / Bath / Gar
5,960
Sq Ft
1953
Year Built
0.195 acres
Lot Size
Apartment
Type

Description

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.

Mortgage Calculator

$
%
20% · $300,000
0%50%
Principal & Interest$7,585(85%)
Property Tax$723(8%)
Homeowner's Insurance (est.)$625(7%)
Est. Monthly Payment$8,933/mo
Est. Monthly$8,933

Estimate only — contact a lender for actual rates and terms.

Rooms

RoomDimensionsLevel
Primary Bedroom12 x 14First
Bedroom12 x 13Second
Bedroom14 x 12Second
Bedroom13 x 11First
Bedroom10 x 12Second
Bedroom14 x 12First
Bedroom11 x 13First
Bedroom15 x 12First
Living Room12 x 14Second
Living Room14 x 12Second
Living Room9 x 9Second
Kitchen10 x 8Second
Kitchen9 x 7Second
Kitchen14 x 9First
Kitchen10 x 8First
Kitchen10 x 7Second
Kitchen9 x 10First
Dining Room8 x 8First
Dining Room9 x 8First
Breakfast Room Nook8 x 5Second
Breakfast Room Nook10 x 6Second
Breakfast Room Nook10 x 7First
Breakfast Room Nook7 x 7Second
Full Bath7 x 6Second
Full Bath7 x 10Second
Full Bath8 x 7First
Full Bath7 x 5First
Full Bath8 x 5First
Full Bath8 x 7Second
Laundry13 x 9First
Appliances
Dishwasher, Gas Oven, Microwave
Interior Features
Eat In Kitchen, High Speed Internet
Flooring
Linoleum, Wood
Heating
Natural Gas
Cooling
Central Air
Utilities
Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available
Construction
Wood Siding
Roof
Shingle
Foundation
Block, Pillar Post Pier, Slab
Pool
None
Security
Smoke Detectors
Levels
Two
Stories
2
Garage Spaces
5
Attached Garage
No
Covered Spaces
5

Schools

Elementary
Burks (McKinney ISD)
Middle
Faubion (McKinney ISD)
High
Mckinney Boyd (McKinney ISD)

Location

Nearby Properties

Listed by Hannah Ewing · Acquisto Real Estate
Source: NTREIS · MLS#: 21300855

Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of NTREIS. Real estate listings held by brokerage firms other than Sirka.com are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

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8bed
8bath
5car
$1,500,000
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