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Garland Multifamily Investment Opportunity

3100 W Walnut St, Garland, TX 75042

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230-unit apartment community in Garland, Texas with value-add potential.

Type:Multifamily

Lot size:

7.38 Acres

HighLights

Significant value‑add opportunity through operational improvements and bringing occupancy back to submarket averages, potentially increasing NOI by $200,000+.
Recent $4.2MM investment in interior/exterior improvements, plumbing, and HVAC systems minimizes immediate capital expenditure needs.
Strong location in Garland, TX with a robust employment base and high occupancy rates.
Opportunity to implement further water savings measures with potential savings of $240,000.
Proven rent increases demonstrate potential for further revenue growth.
Offered free and clear of existing debt up to 75% loan to cost.

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Listing Contact

Al Silva

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For Sale

Contact for pricing

230-unit apartment community in Garland, Texas with value-add potential.

Type:Multifamily

Lot size:

7.38 Acres

Added:: Apr 3, 2026
Days on Market:: 74
Last Refresh:: Apr 3 at 4:58 am

Property Features for 3100 W Walnut St

General Information

Standard status: Active
Lot size: 7.38 Acres
Property subtype: Multifamily

We can help!

Listing Contact

Al Silva

Listing agent Al Silva License #TX: 0520157

Listing office Fort Worth Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Fort Worth Office

HighLights

Significant value‑add opportunity through operational improvements and bringing occupancy back to submarket averages, potentially increasing NOI by $200,000+.
Recent $4.2MM investment in interior/exterior improvements, plumbing, and HVAC systems minimizes immediate capital expenditure needs.
Strong location in Garland, TX with a robust employment base and high occupancy rates.
Opportunity to implement further water savings measures with potential savings of $240,000.
Proven rent increases demonstrate potential for further revenue growth.
Offered free and clear of existing debt up to 75% loan to cost.

Overview

Solana is a 230-unit apartment community in Garland, Texas, situated on Walnut Street. The property benefits from a location with a one-mile median income of nearly $60,000 and proximity to over 38,000,000 square feet of industrial and distribution warehouses that are 93% leased. The property, built in phases between 1963 and 1965, sits on 7.38 acres and consists of 11 buildings with brick veneer and siding, pitched composition shingle roofs, and one building with flat roofs. The roofs were replaced in 2018. The property is heated and cooled by two chillers, both replaced since 2022. Resident amenities include two swimming pools, laundry centers, and community areas, and the property backs up to Montgomery Park. Walnut Glen Academy is a short walk away. The current ownership has invested over $4.2MM ($18,000+/unit) into Solana since 2022, including major interior and exterior improvements, substantial plumbing fixes and new HVAC systems. A new investor has the opportunity to be the third owner of this asset in a reliable workforce submarket. The current upgrade program (flooring, cabinets, quartz countertops, sinks, and a component package) the seller has implemented proves out higher rents of between $40 and $99 for select floorplans. The asset is being offered free and clear of existing debt up to 75% loan to cost.

Location Intelligence

Current Use by Public Records

Solana Apartments Condominium Complex CR Jewelry Repair ... (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Garland
County: Dallas
State: Texas
Longitude: -96.6749228
Latitude: 32.9160432

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For sale
Apartment buildings
TX
Garland
75042
3100 W Walnut St

What type of property is this?

Apartment building - 230-unit apartment community in Garland, Texas with value-add potential.

Where is this apartment building located?

The property is located at 3100 W Walnut St Garland, TX.

What are key features of this property?

This property features: Significant value‑add opportunity through operational improvements and bringing occupancy back to submarket averages, potentially increasing NOI by $200,000+.; Recent $4.2MM investment in interior/exterior improvements, plumbing, and HVAC systems minimizes immediate capital expenditure needs.; Strong location in Garland, TX with a robust employment base and high occupancy rates.

3100 W Walnut St, Garland, TX 75042

230-unit apartment community in Garland, Texas with value-add potential.

Property Features for 3100 W Walnut St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Drive-Through Restaurant Building

Multi-Use Corner Fuel and Car Wash

Leased Fourplex with Private Entries

Two Quadplex Income Property

Drive-Through Restaurant Building

Turnkey Automotive Dealership Property

Townhome Investment Community

Turnkey Self-Service Car Wash Investment

Four-Unit Quadplex with Utility Meters

Quadplex with Four Two-Bedroom Units

Renovated Full Duplex Opportunity

Multi-Family Investment Property

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