152-Unit Apartment
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For Sale
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526 Walnut Pkwy, Garland, TX 75042
Multifamily property with interior enhancement plans and multiple ancillary income components.
Property Size124,224 SF
Days on Market2
Property Features for 526 Walnut Pkwy
General Information
Standard status
Active
Size
124,224 SF
Property subtype
Multifamily
Occupancy
92%
Net Operating Income
$833,624
Additional Details
Highway Access
Yes
Multifamily Units
152
Amenities
laundry
covered parking
59-unit enhancement program costs $5,000 per unit and projects an average $82 monthly premium, generating $250,439 in five-year revenue.
Reactivating the laundry facility requires $6,000 and is projected to generate $13,800 annually, while covered parking adds $27,300 in recurring annual income.
Pro forma NOI increases from $833,624 to $1.03 million, with water savings and lower contract services driving expense reductions.
Building Details
Building Size
124,224 SF
Units
152
Listing Agency:
Dallas Office
Listed By:
Nick Fluellen · License #License(s): TX: 9001647
(972) 755-5214
Source:
Marcusmillichap
Added: Sep 16
Last Checked: Sep 16 at 2:56PM
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 Dallas Office
Investment Insights
Based on property information with market context.
Crossings is a 152-unit apartment property at 526 Walnut Pkwy in Garland, Texas. The asset includes a 59-unit interior enhancement program, three additional income-producing units, and ancillary revenue components tied to laundry and covered parking.
The property offers access to I-635 and the President George Bush Turnpike, connecting Garland with Richardson, Plano, North Dallas, and downtown Dallas employment centers. Existing capital improvements provide a foundation for continued physical upgrades across the community.
The property offers access to I-635 and the President George Bush Turnpike, connecting Garland with Richardson, Plano, North Dallas, and downtown Dallas employment centers. Existing capital improvements provide a foundation for continued physical upgrades across the community.
Key Highlights
- 152‑unit apartment property in Garland, Texas
- 59‑unit interior enhancement program
- Three additional income‑producing units
Property Analytics
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Current Use
Lease Details
152
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 75042, TX
39,148
Population
11,791
Households
3.3
Avg Household Size
33
Median Age
16%
College-Educated
69%
High-School Grad
7.6 sq mi
ZIP Area
5,151
Density / Sq Mi
$63,531
Median Household Income
$32,476
Median Earnings
$1,336
Median Rent
$221,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with interior enhancement plans and multiple ancillary income components.
Where is this apartment building located?
The property is located at 526 Walnut Pkwy Garland, TX.
What are key features of this property?
This property features: 152‑unit apartment property in Garland, Texas; 59‑unit interior enhancement program; Three additional income‑producing units
