Selected for the Terner Labs Housing Venture Lab

1805 Randolph Drive, Garland, TX 75041

Active
Listed 70 days ago
Owner-Occupant Eligible
$510,000

About $1,211 a month to live here, after the rent from the other homes.

Quadplex3,110 sqft4 beds4 bathsListed Sep 3, 2026

A fourplex. Live in one home and rent out the other three. How it works

Live here for about

$1,211a month

The other homes rent for $3,294. We hold back $593 of that for repairs and an empty month, and the rest goes toward a $3,912 monthly payment.

Income to qualify: about $80,000 a year

With how much down?

At 20% down ($102,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $67,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$25,500 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

INVESTMENT OPPORTUNITY IN SOUTH GARLAND! Four-unit multifamily property located at 1805 Randolph Drive in Garland, Texas. This established income-producing asset offers an attractive opportunity for investors seeking a small multifamily property in a convenient location. The property features four residential units, each offering approximately 770 square feet with a functional 1-bedroom, 1-bathroom floor plan. Built in 1969 and situated on approximately 0.21 acres, the property provides a manageable footprint with four separate units and strong potential for continued rental income and long-term appreciation. Each unit offers comfortable living space with practical layouts, central heating and air conditioning, and a combination of carpet, tile, and luxury vinyl plank flooring. Kitchens are equipped with refrigerators, while the property is served by public water and sewer. The property is currently marketed as a quadruplex and provides investors with the benefit of multiple rental units under one ownership. Units #1 & #3 are both leased and currently on a month to month paying $950 per month for each unit

Quadplex

Property Type

9,017 sqft

Lot Size

1969

Year Built

Listing Date: 09/03/2026

Listed by: Bernard Bell

Listing office: OmniKey Realty, LLC.

Source: NTREIS #21377724

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$510,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$510,000
Your Down Payment$102,000
Financed$408,000
Estimated Monthly Payment$3,912

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($102,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$3,912/month
Principal + Interest
$2,446
Property Taxes
$850
Home Insurance
$616
Rental Income (3 Units)
$3,294/month

From the listing description.

Rental Expenses
-$593
Cost to live here
$1,211/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

NTREIS logo

MLS# 21377724 · Listing office: OmniKey Realty, LLC.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.