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Eight-Unit Apartment Building
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505 Armstrong Drive, Garland, TX 75040

Multifamily property with an established eight-unit configuration in Garland, Texas.

Property Size7,360 SF
Price / SF$116.17
Days on Market17

Property Features for 505 Armstrong Drive

General Information

Standard status Active
Size 7,360 SF
Property subtype Multifamily

Additional Details

Multifamily Units 8

Building Details

Year Built 1984
Units 8
Listing Agency: Matthews
Listed By: Kevin Diener · License #699130
Source: Crexi
Added: Aug 18 Changed: Sep 1 Last Checked: Aug 31 at 8:06PM

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 Matthews

Investment Insights

Based on property information with market context.

This apartment building at 505 Armstrong Drive in Garland, Texas, contains eight units within approximately 7,360 square feet. Constructed in 1984, the property offers a defined multifamily layout for an owner or operator evaluating an existing apartment asset.

The property is located in Garland, TX 75040, within the Dallas–Fort Worth area. Its unit count, building size, and established construction date provide a concise profile for assessing the asset’s physical configuration and operating requirements.

Key Highlights

  • Eight‑unit apartment building
  • 7,360 square feet of property size
  • Built in 1984

Property Analytics

Current Use

Armstrong Apartments Apartment Complex

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Skin Care Clinic Carpet & Flooring Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

486
Businesses Nearby

Demographics for 75040, TX

64,035
Population
21,629
Households
3
Avg Household Size
36
Median Age
23%
College-Educated
77%
High-School Grad
15.7 sq mi
ZIP Area
4,079
Density / Sq Mi
$73,537
Median Household Income
$39,019
Median Earnings
$1,670
Median Rent
$245,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with an established eight-unit configuration in Garland, Texas.
Where is this apartment building located?
The property is located at 505 Armstrong Drive Garland, TX.
What is the asking price?
The asking price for this property is $855,000.
What are key features of this property?
This property features: Eight‑unit apartment building; 7,360 square feet of property size; Built in 1984
(214) 663-4236 Call to check price and availability
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