Updated Duplex with Large
New
For Sale
$269,999
1320 Briarwood Circle, Garland, TX 75041
MULTI_FAMILY - Garland, TX
Property Size1,118 SF
Lot Size0.43 Acres
Price / SF$241.50
Days on Market1
Property Features for 1320 Briarwood Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Parking
3
Parking features
Open, Garage
Security features
Security
Interior features
HighSpeedInternet, CableTv
Exterior features
PrivateYard
Fencing
Fenced
Appliances
BuiltInRefrigerator, Dryer, Dishwasher, ElectricRange, Microwave, Refrigerator, WaterSoftener, WaterPurifier, Washer
Subdivision
Saturn Springs Estates No. 1
Lot features
Back Yard, Lawn, Few Trees
Elementary school
Choice Of School
Middle school
Choice Of School
High school
Choice Of School
Elementary school district
Garland ISD
Middle school district
Garland ISD
High school district
Garland ISD
Directions
Take I-635 E to S Garland Ave in Garland. Take exit 12 from I-635 E. Continue on S Garland Ave. Drive to Briarwood Dr in Garland.
Standard status
Active
APN
26509500020020000
Size
1,118 SF
Lot size
0.43 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Water front features
Creek
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Concrete, WoodSiding
Roof type
Composition
Listing Agency:
Grey Square
(214) 239-2869
Listed By:
Selling Dallas Stephens
(214) 239-2869
Added: Aug 6
Last Checked: Aug 6 at 3:06PM
MLS# 21341703
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.
This duplex in Garland offers 1,118 square feet on a 0.43-acre lot, with a remodeled interior and a large fenced yard. The property includes two bedrooms and two bathrooms, vinyl flooring, granite countertops, quality cabinetry, updated fixtures, a stove, built-in microwave, refrigerator, dishwasher, washer, dryer, and water-softening equipment. Mounted televisions are also included. Central electric heating and cooling serve the home, with ceiling fans providing an additional comfort feature.
Located at 1320 Briarwood Circle, the property provides public water and sewer, open and garage parking, and a creek feature. I-635 is minutes away, providing access toward Dallas and Mesquite. Additional features include high-speed internet, cable TV, a composition roof, concrete and wood siding, and a private yard.
Located at 1320 Briarwood Circle, the property provides public water and sewer, open and garage parking, and a creek feature. I-635 is minutes away, providing access toward Dallas and Mesquite. Additional features include high-speed internet, cable TV, a composition roof, concrete and wood siding, and a private yard.
Key Highlights
- Duplex with 1,118 SF of building area on a 0.43‑acre lot
- Remodeled interior with granite countertops, updated fixtures, cabinetry, and vinyl flooring
- Two bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,658
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,160
$393.2K
Cap Rate 7%
$280,829
$280.8K
Cap Rate 9%
$218,422
$218.4K
Market Conditions
NOI Build-Up for 1,118 SF
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.
Gross rent
$31.3K $27.96/SF
− Vacancy
−$3.2K −$2.84/SF
EGI
$28.1K $25.12/SF
− OpEx
−$8.4K −$7.54/SF
NOI
$19.7K $17.58/SF
Area
Garland, TX
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,160
Cap Rate 7%
$280,829
Cap Rate 9%
$218,422
Alternative Uses
Best Use
Multifamily LT 5
$280.8K
$245.7K – $327.6K
NOI $19,658 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$242.9K
$212.5K – $283.3K
NOI $17,000 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,906 @ 7.0% cap · market cap 34.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
Demographics for 75041, TX
32,219
Population
10,378
Households
3.1
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
7.9 sq mi
ZIP Area
4,078
Density / Sq Mi
$68,692
Median Household Income
$35,027
Median Earnings
$1,368
Median Rent
$214,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled two-bedroom, two-bath property with included appliances, private outdoor space, and garage parking.
Where is this duplex located?
The property is located at 1320 Briarwood Circle Garland, TX.
What is the asking price?
The asking price for this property is $269,999.
What are key features of this property?
This property features: Duplex with 1,118 SF of building area on a 0.43‑acre lot; Remodeled interior with granite countertops, updated fixtures, cabinetry, and vinyl flooring; Two bedrooms and two bathrooms
