18-Unit Multifamily in Garland, TX

TX · listed May 20, 2026 (161 days)

▼ Reduced 9.1% on Aug 17, 2026, was $1,650,000

Price per unit compared

This property$83K

Within ~40 mi (134)$132K

Texas median (1,196)$92K

$/unit: $83,333; ▼ 10% vs TX · 42nd pct
Cap rate: 7.6%; ▲ 0.2 pts vs TX median
NOI: $114K; $6,336/unit/yr
Units: 18; 2 bldg · 1963

Financials

Asking price: $1,500,000
Price per unit: $83,333
Price per sq ft: $166
Gross rent / year: Not stated
Net operating income: $114,055
NOI per unit: $6,336
Cap rate: 7.6%
Gross yield: Not stated
Occupancy: Not stated

As stated by the seller. Verify during due diligence.

Building

Units: 18
Unit mix: Not stated
Buildings: 2
Year built: 1963
Building size: 9,060 sq ft
Avg unit size: 503 sq ft
Lot size: Not stated
Condition: Stabilized

Deal terms

Owner financing: Not stated

Listing

Listed: May 20, 2026
Days on market: 161 days
On MultifamilyRadar: Oct 28, 2026
Last price change: Aug 17, 2026: $1.65M → $1.5M
Location: Approximate (~0.5 mi)
Listing #: 1563

About this property

Excellent cash flowing investment opportunity in the Dallas suburb of Garland. Mature, safe and quiet location just blocks from Downtown Garland. In between White Rock Lake and Lake Ray Hubbard. Separate electric meters, tenants pay. Owner pays gas & water. Plenty of paved parking. Newer roof ( 7 yrs ), PVC sewer line, and hot water heater ( 1 mos ). Resident Manager is in place. Please do not disturb tenants. Viewings by appointment only.

Multifamily | 18 Units | $83,333/Unit/, 7.6% Cap Rate

Location

Approximate area. The exact address is shared on request.

Similar buildings nearby

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Garland, TX Value-add	8	$855K	$107K$107K	7.7%
Garland, TX New construction	18	$2.2M	$122K$122K	0%
Garland, TX New	18	$6.6M	$367K$367K	—
Dallas, TX NewHigh yield	5	$250K	$50K$50K	21.9%^gy
Dallas, TX	10	$775K	$78K$78K	—
Garland, TX Stabilized	22	$3.6M	$164K$164K	10.7%^gy