3951 N Garland Avenue # 1
Garland, TX, 75040 $ 668,000
Bedrooms10 Baths4.4 Sq 4,089 Monthly Estimate*
$ 4,218
for $668,000 with 10 bedrooms and 4 full baths, 4 half baths. This 4,089 square foot home was built in 1984 on a lot size of 3.646.
Rare Investment Opportunity – Entire Fourplex Four Individually Deeded Condominium Units Sold Together. Unlike a traditional fourplex, this unique ownership structure offers investors added flexibility through separate deeds while maintaining ownership of the entire building. Buyer to verify future resale, leasing, and HOA requirements. Delivered vacant and ready for its next owner, this property offers the flexibility to lease all four units at current market rents, renovate and reposition the asset, occupy one or more units while generating rental income from the others, or customize an investment strategy to meet your goals. One purchase acquires four separately deeded residences, making it an attractive opportunity for investors, owner-investors, or those completing a 1031 Exchange. Strategically located just minutes from the Garland VA Medical Center and the expanding Valoris HealthPark Medical District, the property benefits from proximity to one of North Texas' largest healthcare and government employment centers. The continued redevelopment of the former Baylor campus into Valoris HealthPark is bringing new medical offices, healthcare facilities, and public and private investment to the area, supporting long-term economic growth and housing demand. Ideally positioned near DART Rail, President George Bush Turnpike, I-635, and major employment corridors, the property offers convenient access to Downtown Dallas, Richardson, Plano, and surrounding business centers. Nearby hospitals, healthcare campuses, universities, corporate employers, shopping, dining, and entertainment further enhance the property's long-term investment appeal. Whether you're expanding your multifamily portfolio, completing a 1031 Exchange, or seeking a North Texas investment property with the flexibility to establish your own leasing strategy from day one, this is a rare opportunity to acquire an entire four-unit building with individually deeded ownership in a prime Garland location.
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FeaturesInteriorInterior Features Cable TV Available
Flooring Tile
Occupancy Rate 75
Total Units 4
Half Baths 4
Total Bedrooms 10
Total Baths 8
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GeneralHeating Central
Complex Name NA
Cooling Central Air
Utilities City Sewer City Water
Possession Lease Outstanding
Roof Composition
Appliances Dishwasher Disposal Electric Cooktop Electric Oven
Assoc Fees 295
Number of Garage Spaces 0
School District Garland ISD
HOA Fee Includes Management Fees
Pool Y/N 0
Year Built 1984
Levels Two
Unit Number 1
Property Subtype Quadruplex
Subdivision Name Tomlinson Square-Winter Park
County Dallas
Property Type Residential Income
Construction Materials Brick Siding
Year Built Details Preowned
Accessory Unit Y/N N
HOA Type Mandatory
# of Buildings 1
Full Baths 4
Status Active
Directions Head northeast on US-75 N Take exit 25 toward Arapaho Rd Merge onto N Central Expy Turn right onto E Arapaho Rd Continue onto N Garland Ave
City Garland
Elementary School Name Choice Of School
High School Choice Of School
Elementary School Choice Of School
Standard Status Active
Listing Terms Cash Conventional FHA
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ExteriorWaterfront 0
Parking Features Parking Lot
Lot Size Condo/Townhome Lot
Foundation Slab
Building Area Total 4089.00
Garage Y/N 0
Attached Garage Y/N 0
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* Excluded FeaturesList ByCristina RosenthalListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $4,218
- Monthly Property Taxes
- $340
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Garland, TX
Average List Price $1,282,445
Percent of Sale Price 92%
About Garland, TX 243,260 Population
13% Since 2002
$ 53,768 Median Income
35.32 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
288269 Elementary School
5136499 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/5/2026 | $668,000 | | Listed Price |