203 Heard St - Apartments FOR SALE


McKinney, TX 75069- Downtown McKinney
$629,900 USD
951-675-8573
203 Heard St, McKinney, TX for Sale
$629,900 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

203 Heard St
McKinney, TX 75069
Downtown McKinney


HIGHLIGHTS

  • Highly sought after location within the booming historic district. Walk to the restaurant/retail square. Units are individually metered.

OVERVIEW

Exceptional Historic Downtown McKinney Duplex – Prime Investment Opportunity! Located just a 3-minute walk from the vibrant McKinney Square, this well-maintained historic duplex sits on a quiet, tree-shaded street in one of the city's most desirable neighborhoods, west of Hwy 5. Enjoy convenient access to downtown shopping, dining, entertainment, the growing McKinney National Airport, and the highly anticipated Sunset Amphitheater development. This charming property combines historic character with substantial structural upgrades, including steel foundation beams, copper plumbing, a newly rebuilt exterior staircase (2025), and siding maintenance completed in 2026. The duplex features separate entrances, separate utility meters, and dedicated parking areas accommodating 2–3 vehicles per unit, along with a peaceful yard and gardening space. Both units are spacious 3-bedroom residences, offering strong rental demand and flexibility for investors. Unit A (approximately 1,250 SF) is located on the lower level with frontage and access from Heard Street. Unit B (approximately 1,100 SF) is accessed from Wood Street and was thoughtfully remodeled in 2026 while preserving its beautiful original hardwood floors. Currently occupied by excellent tenants, the property provides immediate income and long-term investment stability: Unit A leased through August 2027, Unit B leased through July 2026. Whether you're seeking a turnkey income-producing asset, a future owner-occupancy opportunity, or a property with potential for short-term rental use, this rare downtown McKinney duplex offers location, character, and lasting value. Available for 1031 Exchange. Seller Financing Option. For more information, please email: stayyoungkeepmoving@gmail.com

FOR SALE DETAILS

PRICE

$629,900 USD

PRICE/SF

$247 USD /SF

# OF UNITS

2

PRICE/UNIT

$314,950

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown McKinney Duplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,147 SF

ZONING

Residential

APN/PARCEL ID

R-2411-000-0010-1

ASK ABOUT THIS PROPERTY

Audrey YoungPearl Legacy, LLCMore Info
951-675-8573

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Audrey YoungPearl Legacy, LLCMore Info
951-675-8573

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.