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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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3951 N Garland Ave Unit 1 , Garland, TX 75040
$668,000
Est. Payment: $3,439.15/mo
10 Bed
6 Bath
4089 Sqft
Status: active | Days on site: 19
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Distinctive Investment Opportunity! 1031 Exchange! Entire Fourplex Four Individually Deeded Condominium Units Sold Together. Unlike a traditional fourplex, this unique ownership structure offers investors added flexibility through separate deeds while maintaining ownership of the entire building. Buyer to verify future resale, leasing, and HOA requirements. Delivered vacant and ready for its next owner, this property offers the flexibility to lease all four units at current market rents, renovate and reposition the asset, occupy one or more units while generating rental income from the others, or customize an investment strategy to meet your goals. One purchase acquires four separately deeded residences, making it an attractive opportunity for investors, owner-investors, or those completing a 1031 Exchange. Strategically located just minutes from the Garland VA Medical Center and the expanding Valoris Medical District, the property benefits from proximity to one of North Texas' largest healthcare and government employment centers. The continued redevelopment of the former Baylor campus into Valoris Park is bringing new medical offices, healthcare facilities, and public and private investment to the area, supporting long-term economic growth and housing demand. Ideally positioned near DART Rail, President George Bush Turnpike, I-635, and major employment corridors, the property offers convenient access to Downtown Dallas, Richardson, Plano, and surrounding business centers. Nearby hospitals, healthcare campuses, universities, corporate employers, shopping, dining, and entertainment further enhance the property's long-term investment appeal. Whether you're expanding your multifamily portfolio, completing a 1031 Exchange, or seeking a North Texas investment property with the flexibility to establish your own leasing strategy from day one, this is a rare opportunity to acquire an entire four-unit building with individually deeded ownership in a prime Garland location.

Highlights

Listed by Cristina Rosenthal , Redfin Corporation , North Texas Real Estate Information Systems

Property Type

Multi-Family

Lot/Acreage
3.65

HOA Fee

295 Monthly

Year Built

1984

County

Dallas

Neighborhood

Tomlinson Square-Winter Park

School District

Garland ISD

Listing ID

21349490

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:6
  • Full Bathrooms:4
  • 1/2 Bathrooms:4
Appliances:Dishwasher, Disposal, Electric Cooktop, Electric Oven
Air Cond:Central Air
Fireplaces:
Floor:Tile
Other:
  • Additional:Cable TV Available

Exterior Features

Lot:Condo/Townhome Lot
Garage Capacity:8
Roof:Composition
Others:
  • Additional:Preowned
Parking Features:Parking Lot
Principal Interest
$3,439
Taxes
$340
HOA
$295

Home Price

$668,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$133,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,439.15

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $3,439.15 $339.67 $295.00 $4,073.82
Yearly $41,269.85 $4,076.00 $3,540.00 $48,885.85
Total $1,238,095.48 $122,280.00 $106,200.00 $1,466,575.48

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Garland, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T19:21:47.893Z

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