This Multifamily Property is Off-Market.

217 W. I-30
Garland, TX 75043 ·

48 Units · Multifamily For Sale



Castle Glen

Price N/A Property Use Type Investment
No. Units 48 Cap Rate 9.64%
Building Size 40,768 SF No. Stories 2
Property Type Multifamily Year Built 1983
Property Sub-type Garden/Low-Rise
Listing ID: 18385218 Date Created: 10/03/2013 Last Updated: 08/06/2014


The 4 buildings on the property all have stucco exterior, pitched roofs, and concrete parking lots. The complex is comprised of 48 units
with 16-1 bdrm/1 bath (700 sq ft) and 32-2 bdrm/2 bath (960 sq ft) units. Some units come with fireplaces, washer/dryer hook ups, and
walk in closets. Each unit is individually metered for tenants to pay for electricity and the owner is gradually converting all tenants to pay

This two-story apartment community was built in 1983 and sits on 3.04 acres of land fronting Interstate 30 in the East Dallas/Garland
submarket. Castle Glen is conveniently located in east Dallas approximately 30 minutes from Love Field and 40 minutes from DFW Airport.


  • 48 Units and 93% Occupied
  • 8.73% Cap Rate
  • Convenient Highway Access; 153,000+ VPD
  • Individually Metered; Electric and Water paid by tenant
  • Purchase as stabilized C or capture potential upside
  • Upside via amenity improvement and rental increase


217 W. I-30, Garland, TX 75043 (Dallas County)

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