UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,960 sqft
Subdivision Waddill Add
MLS Listing ID 21184202
Bedrooms 8
Full Baths 8
HOA Y/N None
Total Fin. Sqft 5960
Year Built 1953
Annual Tax Amount $8,673
Lot Size 8,494 Sqft
Acres 0.195
Property Sub-Type Apartment
Property Description
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.
Location
State TX
County Collin
Direction Take the exit for Virginia Pkwy - Louisiana St (toward downtown McKinney). Turn right (east) onto W Virginia St. Continue straight toward the downtown square. Turn left (north) onto N Waddill St. Continue a short distance — 303 N Waddill will be on your left.
Interior
Interior Features Eat-in Kitchen, High Speed Internet Available
Heating Natural Gas
Cooling Central Air
Flooring Linoleum, Wood
Appliance Dishwasher, Gas Oven, Microwave
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Utilities Available City Sewer, City Water, Electricity Connected, Individual Gas Meter, Individual Water Meter
Roof Type Shingle
Total Parking Spaces 5
Garage Yes
Building
Lot Description Corner Lot
Story Two
Foundation Block, Pillar/Post/Pier, Slab
Level or Stories Two
Structure Type Wood
Schools
Elementary Schools Burks
Middle Schools Faubion
High Schools Mckinney Boyd
School District Mckinney Isd
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Aerial Photo
Virtual Tour https://my.matterport.com/show/?m=eikQozzL8uG&mls=1
Nearby School & Business
Get More Information
- Homes For Sale in Fort Worth, TX
- Homes For Sale in North Richland Hills, TX
- Homes For Sale in Keller, TX
- Homes For Sale in Southlake, TX
- Homes For Sale in Colleyville, TX
- Homes For Sale in Grapevine, TX
- Homes For Sale in Euless, TX
- Homes For Sale in Hurst, TX
- Homes For Sale in Bedford, TX
- Homes For Sale in Roanoke, TX
- Homes For Sale in Haslet, TX