Four-Unit Multifamily
New
For Sale
$620,000
2725 Patricia Lane, Garland, TX 75041
Quadplex with four two-bedroom units, practical layouts, and off-street rear parking in Garland.
Days on Market3
Property Features for 2725 Patricia Lane
General Information
Standard status
Active
Property subtype
Quadruplex
Additional Details
Gross Income
$57,360
Building Details
Building Size
3,564 SF
Year Built
1981
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty LLC
(214) 273-7102
Listed By:
Lucia Rushton · License #0712213
Source:
Nilesrealtygroup
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 8:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
Investment Insights
Based on property information with market context.
This quadplex, built in 1981, includes four two-bedroom, one-bath units. Each unit has a practical floor plan with living space and functional kitchens. Select units have been marketed with wood-look flooring, updated light fixtures, bright kitchens, appliance packages, and washer-dryer connections.
The property includes off-street rear parking and is located near major routes, with access to Downtown Garland, shopping, dining, public transit options, area parks, and employment centers throughout Garland and East Dallas. The unit mix provides four separate residences within an established multifamily property.
The property includes off-street rear parking and is located near major routes, with access to Downtown Garland, shopping, dining, public transit options, area parks, and employment centers throughout Garland and East Dallas. The unit mix provides four separate residences within an established multifamily property.
Key Highlights
- Four 2‑bedroom, 1‑bath units
- Built in 1981
- Select units feature wood‑look flooring and updated light fixtures
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 | $110.3k | $30.96 |
| − Vacancy | −$11.8k | −$3.31 |
| EGI | $98.5k | $27.65 |
| − OpEx | −$44.3k | −$12.44 |
| NOI | $54.2k | $15.21 |
3,564 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$895.3K
$783.4K – $1.04M
NOI $62,668 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$774.2K
$677.4K – $903.2K
NOI $54,194 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$4.28M
$3.74M – $4.99M
NOI $299,355 @ 7.0% cap · market cap 48.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
600
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with four two-bedroom units, practical layouts, and off-street rear parking in Garland.
Where is this quadplex located?
The property is located at 2725 Patricia Lane Garland, TX.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units; Built in 1981; Select units feature wood‑look flooring and updated light fixtures
