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203 Heard St
McKinney, TX 75069
Downtown McKinney Duplex · Multifamily Property For Sale
·
2 Units
Investment Highlights
- Highly sought after location within the booming historic district. Walk to the restaurant/retail square. Units are individually metered.
Executive Summary
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.
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.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wi-Fi
- Yard
- Deck
- Den
- Dining Room
- Family Room
- Freezer
- Garden
- Pantry
- Porch
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $1,895 | 1,200 |
| 3+1 | 1 | $1,850 | 1,152 |
Property Taxes
| Parcel Number | R-2411-000-0010-1 | Improvements Assessment | $311,590 |
| Land Assessment | $180,000 | Total Assessment | $491,590 |
Property Taxes
Parcel Number
R-2411-000-0010-1
Land Assessment
$180,000
Improvements Assessment
$311,590
Total Assessment
$491,590
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