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$668,000

4013 N Garland Avenue 1, TX, 75040

On MarketInfo
Just AddedInfo
Beds10 Beds
Baths6 Bath
Baths4,089 Sq Ft
QuadruplexQuadruplex
price_per_sqft$163.37 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 10Bedrooms 10
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringTile

Exterior

Lot Size3.65 acres

Building Information

Year Built1984
Stories2
Roof Type105

Land Information

APN26611550000L00001
Lot Number1
SubdivisionTomlinson Square/Winter Park
Land UseResidential
Legal DescriptionTOMLINSON SQUARE/WINTER PARK BLK 1 LT 1 ACS 3.6 (158,816 SF) BLDG L UNIT 1 CE 2.0833% INT201900184136 DD07112019 CO-DC
Census Tract019027
Assessed Land Value$49,620
Assessed Improvement Value$120,580
Assessment Year2025

About this property

Rare Investment Opportunity – Entire Income-Producing Fourplex Four Individually Deeded Condominium Units Sold Together, all being sold together in one transaction. Unlike a traditional fourplex, this unique ownership structure offers investors additional flexibility through separate deeds while maintaining ownership of the entire building. Buyer to verify future resale, leasing, and HOA requirements. This fully leased multifamily investment property presents an excellent opportunity for investors seeking stable rental income in one of Garland's established residential communities. One purchase acquires four income-producing residences, making it an attractive addition to an investment portfolio or a potential 1031 Exchange acquisition. 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 ongoing redevelopment of the former Baylor campus into Valoris HealthPark continues to bring 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 appeal to tenants. Whether you're expanding your multifamily portfolio, completing a 1031 Exchange, or seeking a North Texas investment property in a high-demand rental market, this is a rare opportunity to acquire an entire four-unit building with individually deeded ownership in a prime Garland location.

Investor Tools

Property Icon
$170,200
Estimated Property Value
$0Estimated Mortgage Balance
$124,140Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,008 /month
Positive
Cash Flow Estimate:
$1,336 /month

Interested in this property?

Cristina Rosenthal

Redfin Corporation

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$147/month
$295/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$909
$170,200
2025
$49,620
$120,580
$170,200
No

Tax History

Year
Tax Paid
Assessed Value
2025
$909
$170,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
N/A
$156,750
N/A
First
May 14, 2002
May 2007

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$46,060
$124,140
72%
27%
$940/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,235/mo
+$330/mo
11.0%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Garland

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4013 N Garland Avenue 1 | Property Details | No Agent List