Brick Quadplex with Private
For Sale
$1,320,000
2813 & 2821 Wimbledon Court, Garland, TX 75041
ResidentialIncome, Garland, TX
Property Size4,160 SF
Lot Size0.32 Acres
Price / SF$317.31
Days on Market42
Property Features for 2813 & 2821 Wimbledon Court
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
16
Bathrooms
16
Full bathrooms
8
Half bathrooms
8
Rooms
Bathroom 2, Bathroom 12, Bathroom 8, Bedroom 8, Bedroom 3, Bathroom 11, Bathroom 15, Bathroom 3, Bedroom 9, Bedroom 2, Bedroom 15, Bedroom 5, Bedroom 6, Bathroom 16, Bathroom 9, Bedroom 1, Bedroom 10, Bedroom 13, Bathroom 4, Bedroom 4, Bedroom 14, Bedroom 7, Bathroom 10, Bathroom 1, Bathroom 6, Bedroom 11, Bathroom 13, Bathroom 14, Bathroom 7, Bedroom 16, Bathroom 5, Bedroom 12
Parking
3
Parking features
Parking Lot
Patio and Porch features
Porch, Patio
Interior features
BuiltInFeatures, DecorativeDesignerLightingFixtures, DoubleVanity, OpenFloorplan, Pantry, CableTv
Exterior features
PrivateYard
Fencing
Fenced
Fireplace
1
Appliances
ConvectionOven, Dishwasher, ElectricRange, GasWaterHeater, Refrigerator
Subdivision
English Estates, Wimbledon Garden
Lot features
Subdivision
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
GPS
Standard status
Active
APN
26173610020060000
Size
4,160 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
ENGLISH ESTS 6/WIMBLEDON GARDENS BLK 2 LOT 6 & 8
Legal Description
ENGLISH ESTS 6/WIMBLEDON GARDENS BLK 2 LOT 6 & 8
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Number of units
8
Flooring type
Tile, Carpet, Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Seek Real Estate
(940) 230-7204
Listed By:
Rachel Knight · License #0805533
(910) 230-7204
Added: Jul 18
Changed: Aug 20
Last Checked: Aug 28 at 6:06PM
MLS# 21274510
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 brick quadplex contains four two-bedroom, two-bath residences totaling 4,160 square feet. Each unit offers approximately 1,040 square feet, with open-plan interiors, pantries, tile, carpet, and vinyl flooring. Central heating and central air are provided, along with kitchens equipped with convection ovens, dishwashers, electric ranges, gas water heaters, and refrigerators.
The property occupies 0.322 acres in Garland, Texas, and includes private yards, a parking lot, porches, patios, fencing, and a composition roof. Built in 1984, the building also has public water and public sewer service. Interior features include double vanities, built-in features, decorative lighting, cable TV access, and fireplaces.
The property occupies 0.322 acres in Garland, Texas, and includes private yards, a parking lot, porches, patios, fencing, and a composition roof. Built in 1984, the building also has public water and public sewer service. Interior features include double vanities, built-in features, decorative lighting, cable TV access, and fireplaces.
Key Highlights
- Four 2‑bedroom, 2‑bath units
- 4,160 square feet across the quadplex
- Each unit offers approximately 1,040 square feet
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
$73,147
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
5.54%
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%
$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
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
$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 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%
$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 5.54%
Second Best
Apartment 5plus
$903.7K
$790.7K – $1.05M
NOI $63,257 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$4.99M
$4.37M – $5.82M
NOI $349,416 @ 7.0% cap · market cap 26.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
736
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 - Four residential units feature private outdoor areas, individual utility meters, and public water and sewer service.
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 $1,320,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bath units; 4,160 square feet across the quadplex; Each unit offers approximately 1,040 square feet
