701 Parkplace Ridge

Princeton, TX 75407

$525,000
Price
6
Beds
2,878 Sq. Ft.
$182 / Sq. Ft.
2,878
Sq. Ft.
$182
per Sq. Ft.
Get preapproved with Rocket Mortgage1

Description

Located in the rapidly growing community of Princeton, this well-maintained duplex at 701 Parkplace Ridge offers an excellent opportunity for investors or owner-occupants looking to generate strong rental income in one of North Texas’ fastest-growing areas. Each unit features a comfortable and functional layout with spacious living areas, well-equipped kitchens, and private bedrooms, designed to meet the needs of modern tenants. The efficient floor plan maximizes living space while maintaining privacy...Located in the rapidly growing community of Princeton, this well-maintained duplex at 701 Parkplace Ridge offers an excellent opportunity for investors or owner-occupants looking to generate strong rental income in one of North Texas’ fastest-growing areas. Each unit features a comfortable and functional layout with spacious living areas, well-equipped kitchens, and private bedrooms, designed to meet the needs of modern tenants. The efficient floor plan maximizes living space while maintaining privacy between units. Both units are currently generating strong rental income, with each side renting for $1,800+ per month, making this property a solid income-producing investment with attractive cash flow potential. Additional features include separate entrances, ample parking, and manageable outdoor space, providing convenience and privacy for residents. Conveniently located just minutes from US-380, local schools, shopping, and dining, the property benefits from Princeton’s continued residential expansion and proximity to major employment centers in the North Dallas corridor. Property Highlights

Duplex investment opportunity

Each unit rents for $1,800+ per month

Strong rental demand in a high-growth area

Separate entrances for each unit

Spacious living areas and functional layouts

Easy access to US-380, schools, shopping, and dining

701 Parkplace Rdg presents a rare opportunity to own a performing rental property in a rapidly appreciating market. Buyer agent or buyer to verify all information.
  1. Listed by Sri Sadam • TREC #0778014 • Keller Williams Realty-FM • 817-991-0351

Property Details for 701 Parkplace Ridge

Subdivision Name
Parkview Heights
Pool
No
Garage Spaces
2
Number Of Parking Spaces
2
LISTING UPDATED: 03/05/2026 10:18 PM

Property Details for 701 Parkplace Ridge

StatusActive
MLS #21200058
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built2008
Lot Size0.22 AC / 9,713 SF
CountyCollin County
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Location

Listing Courtesy of Keller Williams Realty-FM, Sri Sadam
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Building Information for 701 Parkplace Ridge

Stories2Residences2Year Built2008Building Size-Lot Size0.22 AC / 9,713 SF

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$3,283 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,548

Property Taxes

$735

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 701 Parkplace Ridge

Summary
Location and General Information
  • Complex Name: na
  • Directions: Please use google maps for directions. Call agent for questions
  • Elementary School: Godwin
  • Elementary School Name: Godwin
  • High School: Lovelady
  • High School Name: Lovelady
  • Middle School: Clark
  • Year Built Details: Preowned
  • School District: Princeton ISD
  • Geocode Confidence: High
  • Latitude: 33.18
  • Longitude: -96.49
  • State: Texas
Parking
  • Parking Features: Covered
  • Attached Garage: Yes
  • Parking Spaces Covered Total: 2
  • Garage: Yes
Taxes and HOA Information
  • Tax Legal Description: PARKVIEW HEIGHTS (CPN), LOT 43
  • Association Type: None
  • Tax Lot: 43
Interior and Exterior Features
Interior Features
  • Flooring: Other
  • Heating: Central, Electric
  • Interior Features: Other
  • Appliances: Dishwasher, Disposal
  • Cooling: Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter
  • Number Of Stories: 2
  • Roof: Other
  • Waterfront: No
  • Number Of Units Total: 2
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Financing Proposed: Cash, Conventional, FHA
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.223
  • Lot Size Area: 0.223
  • Lot Size Units: Acres
  • Lot Size Square Feet: 9713.88
  • Multi Parcel ID: No
  • Parcel Number: R908800004301
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 4.42%
  • Gross Annual Expenses: $20,000
  • Gross Annual Income: $43,200
  • Insurance Expense: $8,000
  • Net Operation Income: $23,200.00
Unit 1
  • Approximate SQFT: 1465.0
  • Average Lease Amount: $1,800.00
  • Living Area Length: 17.0
  • Living Area Width: 11.0
  • Number Of Baths Full: 2
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1465.0
  • Average Lease Amount: $1,800.00
  • Living Area Length: 17.0
  • Living Area Width: 11.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1

Property History for 701 Parkplace Ridge

DateEvent & SourcePriceAppreciation
Mar 5, 2026

Listed (Active)

NTREIS #21200058

$525,000—
Aug 11, 2023

Sold

NTREIS #20366871

—
Aug 7, 2023

Pending

NTREIS #20366871

—
Jul 24, 2023

Active Option Contract

NTREIS #20366871

—
Jul 7, 2023

Listed (Active)

NTREIS #20366871

$500,000—
DateEvent & SourcePrice
03/05/2026

Listed (Active)

NTREIS #21200058

$525,000
08/11/2023

Sold

NTREIS #20366871

—
08/07/2023

Pending

NTREIS #20366871

—
07/24/2023

Active Option Contract

NTREIS #20366871

—
07/07/2023

Listed (Active)

NTREIS #20366871

$500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 701 Parkplace Ridge

Taxable ValueLand$120,000Additions$287,908Total$407,908
Tax Record2024$8,821 ($735 / month)
Home Facts
Baths2.5Total Finished SqFt2,878 SqFtAbove Grade Finished SqFt2,878 SqFtStories2Lot Size9,714 SqFtStyleDuplexYear Built2008CountyCOLLINAPNR-9088-000-0430-1Fireplace TypeHas Fireplace

Schools near 701 Parkplace Ridge

This home is within Princeton Independent School District.
Rating
School
Type
Grades
Distance
Godwin Elementary School
Public - PK to 5
Clark Middle
Public - 6 to 8
Princeton High School
Public - 9 to 12
Princeton/Farmersville Daep
Public - 1 to 12
Rating
School
Distance
Godwin Elementary School
PublicPK to 5

Clark Middle
Public6 to 8

Princeton High School
Public9 to 12

Princeton/Farmersville Daep
Public1 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 701 Parkplace Ridge, Princeton, TX 75407

701 Parkplace Ridge is a multi-family home for sale in Princeton, TX 75407. This property was listed for sale on March 5, 2026 by Keller Williams Realty-FM, it's currently listed at $525,000. It has been on the market for a total of 16 days and was last sold on August 11, 2023. This listing's school district is Princeton Independent School District. Nearby schools include Godwin Elementary School, Clark Middle and Princeton High School. 701 Parkplace Ridge is a 6-bed, 6-bath, 2,878 sqft multi-family home built in 2008.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty-FM, Sri Sadam

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 03/05/2026 10:18 PM