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3615 Northgate Drive #3 Units

Irving, TX 75062

$399,999

3 units · 1982

Units3
Building area2,441 sq ft
Year built1982
Gross income$52,080/yr
Cap rate7.5% as listed
Parking3 spaces
Lot size6.22 acres
TypeResidential Income

What it costs to own

Taxes$6,096 per year
HOA$447 per month · SBB
HOA fee coversFull Use of Facilities, Insurance, Maintenance Grounds, Maintenance Structure, Management Fees, Sewer, Water
Operating expenses$16,320 per year — as listed
Insurance$1 per year — as listed
Net operating income$30,000 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Great opportunity to buy three rental condominiums in The Meadows development in Irving. These units are located in a nice complex with gated access, swimming pool, clubhouse, covered parking and a healthy HOA with good reserves. HOA covers maintenance, water, trash and insurance, and more. These units are remodeled or in the process and can still be customized with specific finishes and upgrades. Rental rates reflect the same as other units in the complex, and can be purchased vacant or with a leased tenant. Pro forma yields for a cash buyer are six and one half percent. See agent for details on these and other unit availability.

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringCarpet, Ceramic Tile
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
Interior featuresCable TV Available, Granite Counters, Walk-In Closet(s)
Fireplace3 · Living Room, Wood Burning

Construction materialsBrick
RoofComposition
FoundationSlab

Lot featuresLandscaped
FencingGate, Metal
Water sourceCity Water
SewerCity Sewer
PoolPrivate pool · In Ground

SubdivisionMeadows Condo

ElementaryHaleyj
Middle schoolHouston
High schoolMacarthur
DistrictIrving ISD

Gross income$52,080 per year
Operating expenses$16,320 per year
Operating includesMaintenance
Insurance$1 per year
Cap rate7.5% — as listed
Net operating income$30,000 per year

MLS #21339646
Source
Price changeReduced by $7,301 · Aug 27, 2026
On the market62 days
CountyDallas

Around this home

One moment…

Everyday life

Nearest groceryEl Rancho · 0.3 mi
Nearest parkVictoria Park · 0.7 mi

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Listing courtesy of Dave Perry Miller Real Estate — Christopher Miller.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21339646. Information last updated September 23, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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