Townhome Investment
3202 Wexford Drive Garland, TX 75043
3202 Wexford Drive, Garland, TX, 75043
$6,600,000
For Sale
$6,600,000
MULTI_FAMILY - Garland, TX
Property Size24,258 SF
Lot Size5.04 Acres
Price / SF$272.08
Days on Market73
Property Features for 3202 Wexford Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
- Parking
- 36
- Appliances
- Dishwasher, Microwave
- Standard status
- Active
- APN
- 26C68000000003202
- Size
- 24,258 SF
- Lot size
- 5.04 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 18
- Building materials
- Brick
- Roof type
- Shingle
Listing agency
Equitify Realty
(972) 345-2062
Listed by
Huma Azim · License #0575698
(214) 763-0411
Added: May 12 Updated: Jul 10 at 10:35PM Checked: Jul 23 at 2:06AM
MLS# 21264928
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
An investor-focused townhome community offering the potential to own up to 18 units, presented as up to three available 6-plex buildings. Each building is configured with two of each unit type: Unit A (1743 sqft), Unit B (1600 sqft), and Unit C (1594 sqft). The property totals 5.04 acres and is designed as a multifamily, residential income asset with multiple repeatable unit layouts.
The property is located in Garland, Texas, at 3202 Wexford Drive (units available are identified as 3202–3246 Wexford Dr). It is situated within a Qualified Census Tract (QCT). The offering is also positioned about 1.5 miles from Lake Ray Hubbard and approximately 7 miles from the Dallas Arboretum.
This configuration is well-suited for investors seeking a medium-scale multifamily income strategy with a manageable, repeatable mix of unit sizes across the available 6-plex buildings. With multiple unit types within each building, the property may appeal to buyers looking to diversify tenant demand across different layouts while maintaining a consistent overall community design.
The property is located in Garland, Texas, at 3202 Wexford Drive (units available are identified as 3202–3246 Wexford Dr). It is situated within a Qualified Census Tract (QCT). The offering is also positioned about 1.5 miles from Lake Ray Hubbard and approximately 7 miles from the Dallas Arboretum.
This configuration is well-suited for investors seeking a medium-scale multifamily income strategy with a manageable, repeatable mix of unit sizes across the available 6-plex buildings. With multiple unit types within each building, the property may appeal to buyers looking to diversify tenant demand across different layouts while maintaining a consistent overall community design.
Key Highlights
- Up to 18 townhome units in Garland, with units available at 3202‑3246 Wexford Dr (up to 3 available 6‑plexes).
- Each 6‑plex building includes 2 Unit A (1743 SF), 2 Unit B (1600 SF), and 2 Unit C (1594 SF).
- Year built 2022 with brick construction and a shingle roof.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $751.0k | $30.96 |
| − Vacancy | −$80.4k | −$3.31 |
| EGI | $670.7k | $27.65 |
| − OpEx | −$301.8k | −$12.44 |
| NOI | $368.9k | $15.21 |
24,258 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.27M
$4.61M – $6.15M
NOI $368,867 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$29.11M
$25.47M – $33.96M
NOI $2,037,532 @ 7.0% cap · market cap 30.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Investor opportunity for up to 18 townhome units in a QCT area near Lake Ray Hubbard.
Where is this apartment building located?
The property is located at 3202 Wexford Drive Garland, TX.
What is the asking price?
The asking price for this property is $6,600,000.
What are key features of this property?
This property features: Up to 18 townhome units in Garland, with units available at 3202‑3246 Wexford Dr (up to 3 available 6‑plexes).; Each 6‑plex building includes 2 Unit A (1743 SF), 2 Unit B (1600 SF), and 2 Unit C (1594 SF).; Year built 2022 with brick construction and a shingle roof.
