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    Leased Fourplex Investment Title is generated by Realmo AI

    2709 Wimbledon Court, Garland, TX 75041

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    New
    For Sale
    $699,000

    MULTI_FAMILY - Garland, TX

    Property size:
    4,160 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $168/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 5:06 am

    Property Features for 2709 Wimbledon Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    8
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 6, Bedroom 2, Bathroom 5, Bathroom 8, Bathroom 7, Bathroom 1
    Parking
    2
    Parking features
    Alley
    Interior features
    GraniteCounters, OpenFloorplan
    Fireplace
    1
    Appliances
    Dishwasher, ElectricRange, ElectricWaterHeater
    Standard status
    Active
    APN
    26173610020030000
    Lot size
    0.22 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Engineered
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Jacqui Green

    Listing agent Jacqui Green License #0408050

    Listing office Jacqueline Green Dallas, TX

    Listing date Jun 2, 2026

    MLS# 21287870 Listing URL

    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.

    HighLights

    • 100% leased fourplex at 2709 Wimblehas with 4 units (each 2 bed, 1.5 bath)
    • Total of 4,160 sq. ft. under one roof; 1,040 sq. ft. per unit
    • Built in 1984 with brick construction and a composition roof
    • Open floorplan and granite countertops; central heating and central air
    • Each unit has private entry and full‑size washer‑dryer connections
    • Public utilities: public water and public sewer; parking via alley

    Overview

    This well-maintained fourplex is fully leased and designed for straightforward investment performance. The property includes four units, each with 2 bedrooms and 1.5 bathrooms, and offers an open layout with ample natural light. Each unit also has a private entry and full-size washer-dryer connections, adding day-to-day convenience for residents. Built in 1984, the building is set up as a cohesive, income-producing multifamily asset under one roof.

    The property is located in Garland, within the English Estates–Wimbledon Gardens subdivision of Dallas County. It is positioned to provide convenient access for tenants, with nearby major employers, retail, and recreation mentioned in the listing remarks. The property is also stated to be within Garland ISD.

    For investors, a 100% leased fourplex can be attractive for immediate cash flow and a turn-key holding strategy. The unit mix and private entries may appeal to tenants looking for independent living within a small multifamily setting. For owner-occupants, the layout supports a house-hack approach, with rental income from the other units while living in one of the apartments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.660482
    Latitude
    32.881783

    Nearby Similar for Sale

    • $1,350,000
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      Four 2BR/2BA units with individual utility meters and prior HVAC, plumbing, and foundation updates for stable rental income.
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    • $675,000

      Well-Maintained Quadplex Investment

      Four well-kept 2-bedroom, 2-bath units with individual utility metering and major system improvements already completed.
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    • $675,000

      Four-Unit Quadplex Income Property

      Well-maintained quadplex with four 2-bedroom, 2-bath units and individual utility meters for tenant-billed utilities.
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    • $559,000

      Renovated Full Duplex Opportunity

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained, fully leased fourplex offers reliable multifamily income with in-unit washer-dryer connections.
    Where is this quadplex located?
    The property is located at 2709 Wimbledon Court Garland, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 100% leased fourplex at 2709 Wimblehas with 4 units (each 2 bed, 1.5 bath); Total of 4,160 sq. ft. under one roof; 1,040 sq. ft. per unit; Built in 1984 with brick construction and a composition roof
    (214) 882-0398
    We can help!
    Listing Contact
    Jacqui Green
    Real Estate License ID: 0408050
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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