Townhome-Style Multifamily
3202 Wexford Drive Garland, TX 75043
3202 Wexford Drive, Garland, TX, 75043
$6,600,000
For Sale
$6,600,000
For sale townhome-style multifamily with up to 18 units across multiple six-plex buildings in Garland.
Property Size24,258 SF
Price / SF$272.08
Days on Market77
Property Features for 3202 Wexford Drive
General Information
- Standard status
- Active
- Size
- 24,258 SF
- Property subtype
- Multi-Family / Multiple Single Units
Building Details
- Year Built
- 2022
Listing agency
Equitify Realty
(817) 793-3613
Listed by
Huma Azim · License #0575698
(817) 793-3613
Source
Compass
Added: May 8 Updated: Jul 23 at 12:39AM Checked: Jul 23 at 12:39AM
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 Equitify Realty
Investment Insights
Based on property information with market context.
This for-sale townhome-style multifamily community is offered with the potential for up to 18 townhome units across multiple six-plex buildings. Available buildings include 3202-3246 Wexford Dr, with each building containing a mix of unit types labeled A, B, and C. Unit A is listed at 1,743 sq. ft., Unit B at 1,600 sq. ft., and Unit C at 1,594 sq. ft., with two of each unit type within each building.
The property is located in the city of Garland, Texas, and is within a QCT. It is approximately 1.5 miles from Lake Ray Hubbard and about 7 miles from the Dallas Arboretum.
For prospective investors, the offering provides a structured, repeatable unit mix within the existing six-plex buildings at the Wexford Dr addresses noted in the listing information.
The property is located in the city of Garland, Texas, and is within a QCT. It is approximately 1.5 miles from Lake Ray Hubbard and about 7 miles from the Dallas Arboretum.
For prospective investors, the offering provides a structured, repeatable unit mix within the existing six-plex buildings at the Wexford Dr addresses noted in the listing information.
Key Highlights
- Townhome‑style multifamily in Garland with up to 18 total units across multiple 6‑plex buildings
- Year built 2022; brick construction with 2 stories and slab foundation
- Unit mix: each building has 2 units of 1743 SF (Unit A), 2 units of 1600 SF (Unit B), and 2 units of 1594 SF (Unit C)
Local 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 | $751.0k | $30.96 |
| − Vacancy | −$80.4k | −$3.31 |
| EGI | $670.7k | $27.65 |
| − OpEx | −$301.8k | −$12.44 |
| NOI | $368.9k | $15.21 |
24,258 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.27M
$4.61M – $6.15M
NOI $368,867 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$29.11M
$25.47M – $33.96M
NOI $2,037,532 @ 7.0% cap · market cap 30.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - For sale townhome-style multifamily with up to 18 units across multiple six-plex buildings in Garland.
Where is this apartment building located?
The property is located at 3202 Wexford Drive Garland, TX.
What is the asking price?
The asking price for this property is $6,600,000.
What are key features of this property?
This property features: Townhome‑style multifamily in Garland with up to 18 total units across multiple 6‑plex buildings; Year built 2022; brick construction with 2 stories and slab foundation; Unit mix: each building has 2 units of 1743 SF (Unit A), 2 units of 1600 SF (Unit B), and 2 units of 1594 SF (Unit C)
