Investment triplex in Garland: 3 units
Multi-family for Sale
2429 Royal Ln, Garland, TX 75043
Multi-familyBuilt in 1993No garage$194/sqft$295/mo HOA
Description
Overview
What's special
- Quiet cul-de-sac
- Fresh interior paint
- Covered patio
- Move-in ready
- Energy-efficient windows
Cash-flowing triplex with 3 units. Currently rented for about $4,300 per month in total, with long-term tenants and low turnover. Roughly 5.6% net return before financing. Sample listing for testing.
Amenities
- Garage
Facts
- Type
- Multi-family
- Status
- For Sale
- Year built
- 1993
- Price / sqft
- $194
- Listed
- 9/23/2026
Rooms & details
Living room20 x 24
Main level
Built-in shelves, large windows
Kitchen16 x 19
Main level
Gas range, pantry
Primary bedroom18 x 20
Main level
Tray ceiling, sitting area
Dining room14 x 16
Main level
Formal dining, wainscoting
Interior
- Heating
- Central, natural gas
- Cooling
- Central air, electric
- Flooring
- Engineered wood, tile
- Appliances
- Stainless steel: electric range, dishwasher, microwave
Exterior & lot
- Patio & porch
- Deck with pergola
- Parking
- Surface lot, one reserved space
- Roof
- Composition shingle
- Foundation
- Pier and beam
- Garage spaces
- 0
Community & HOA
- HOA name
- Lakeview Condominium Association
- HOA includes
- Front-yard maintenance, trash, gate
- Community amenities
- Pool, clubhouse, fitness center
- HOA fee
- $295/month
Price & tax history
| Date | Event | Price | $/sqft |
|---|---|---|---|
| Sep 23, 2026 | Listed for sale | $550,000 | $194 |
| Year | Property tax | Source |
|---|---|---|
| 2026 | $10,310 | Reported by the seller |
Price history is recorded on Boraak from when the listing was posted. Boraak doesn't have past sale or county tax records.
Monthly payment
Estimated monthly payment
$4,331/mo
- Principal & interest6.6% · 30-year fixed$2,810
- Property taxfrom the seller$859
- Homeowners insuranceestimated$367
- HOA feesfrom the seller$295
Estimate only: illustrative rates by credit tier, typical DFW tax and insurance costs where the seller didn't give them. Not a rate quote or loan offer — Boraak is not a lender.
Neighborhood
Walkability26/100
Some errands on foot
Bikeability58/100
Bikeable
Within a 15-minute walk: 1 restaurant or café, 1 grocery store, 16 parks, 2 banks, pharmacies & libraries.
Nearby public schools
Handley STEM Elementary
Elementary · Grades K–5
0.4 mi563 students15.3 students per teacherClassical Center At Brandenburg Middle
Middle · Grades 6–8
0.4 mi1,056 students16.1 students per teacherClassical Center At Vial Elementary
Elementary · Grades K–5
0.8 mi572 students15.8 students per teacherS Garland High School
High · Grades 9–12
0.9 mi2,001 students15.1 students per teacherShugart Elementary
Elementary · Grades PK–5
1 mi471 students14.7 students per teacherGeorge Washington Carver Elementary
Elementary · Grades PK–5
1 mi640 students16.9 students per teacher
Schools: U.S. Department of Education, NCES public school data (2024–25); check each school's attendance zone with the district. Walkability and bikeability are Boraak's own estimates from © OpenStreetMap contributors data, not Walk Score®.
Climate risks
- Flood zone
- Zone X: minimal flood risk.
- Wildfire
- Very Lowfor this neighborhood
- Strong wind
- Relatively Lowfor this neighborhood
- Heat wave
- Very Highfor this neighborhood
- Tornado
- Relatively Moderatefor this neighborhood
- Hail
- Relatively Highfor this neighborhood
- Inland flooding
- Relatively Lowfor this neighborhood
- Air quality now
- Checking…
Flood zone: FEMA National Flood Hazard Layer. Other risks: FEMA National Risk Index, rated by census tract (neighborhood), not for this specific home. Air quality: live US AQI (Open-Meteo). For information only: the official FEMA map and an insurance quote decide flood insurance. Turn these on as map layers with the Climate risk button on the map.
Location
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