Four-Unit
New
For Sale
$1,280,000
2813 & 2821 Wimbledon Court, Garland, TX 75041
Four two-bedroom residences include individual utility meters, allowing tenants to manage their own utility costs.
Property Size4,160 SF
Price / SF$307.69
Days on Market3
Property Features for 2813 & 2821 Wimbledon Court
General Information
Standard status
Active
Size
4,160 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Garland Neighbors Association
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Building Details
Building Size
4,160 SF
Year Built
1984
Buildings
1
Listing Agency:
Lardner Group
Listed By:
Colin Lardner
(214) 282-3144
Source:
Lardnergroup
Added: Oct 26
Last Checked: Oct 26 at 11:42AM
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 Lardner Group
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Investment Insights
Based on property information with market context.
Built in 1984, this quadplex contains four two-bedroom, two-bathroom residences, each measuring approximately 1,040 square feet. Individual utility meters are in place for tenant-paid utilities. Completed foundation work and plumbing updates are among the reported property improvements.
Key Highlights
- Four units, each with 2 bedrooms and 2 bathrooms
- Approximately 1,040 square feet per residence
- Individual utility meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,147
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,462,940
$1.5M
Cap Rate 7%
$1,044,957
$1.0M
Cap Rate 9%
$812,744
$812.7K
Market Conditions
NOI Build-Up for 4,160 SF
Gross rent
$116.3K $27.96/SF
− Vacancy
−$11.8K −$2.84/SF
EGI
$104.5K $25.12/SF
− OpEx
−$31.3K −$7.54/SF
NOI
$73.1K $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 Rate 5%
$1,462,940
Cap Rate 7%
$1,044,957
Cap Rate 9%
$812,744
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$914.3K – $1.22M
NOI $73,147 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$903.7K
$790.7K – $1.05M
NOI $63,257 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$4.99M
$4.37M – $5.82M
NOI $349,416 @ 7.0% cap · market cap 27.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences include individual utility meters, allowing tenants to manage their own utility costs.
Where is this quadplex located?
The property is located at 2813 & 2821 Wimbledon Court Garland, TX.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms; Approximately 1,040 square feet per residence; Individual utility meters
