Four-Unit Quadplex with
111 Rowland Pl Tyler, TX 75701
New
111 Rowland Pl, Tyler, TX, 75701
$525,000
For Sale
$525,000
MULTI_FAMILY - Tyler, TX
Property Size4,272 SF
Price / SF$122.89
Days on Market1
Property Features for 111 Rowland Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 8, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
- Parking features
- Carport
- Security features
- Security Lighting
- Patio and Porch features
- Porch
- Interior features
- Cable TV, Smoke Alarm
- Exterior features
- Security Lighting, Porch
- Fencing
- Wood
- Fireplace
- 1
- Appliances
- Range/Oven-Gas, Range/Oven-Electric, Dishwasher, Refrigerator
- Standard status
- Active
- Size
- 4,272 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7292
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating), Natural Gas
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1932
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Tile - Ceramic
- Building materials
- Brick Veneer
- Roof type
- Composition
Listing Agency
RE/MAX Tyler
(903) 581-7117
4300 Kinsey Dr, Tyler, TX
Listed by
Clay McCain
(903) 581-7117
Added: Jul 16 Checked: Jul 16 at 5:06 pm
MLS# 26009894
Listing URL
Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained quadplex offers four residential units along with a 4-car carport and a private wood-fenced backyard. Tenants share washer and dryer facilities, supporting convenient day-to-day living. Three of the four units are currently occupied by long-term tenants.
The property is located at 111 Rowland Pl in Tyler, Texas 75701, in Smith County.
In addition to the on-site amenities, the owner currently covers water and lawn maintenance, helping simplify operating expenses for residents.
The property is located at 111 Rowland Pl in Tyler, Texas 75701, in Smith County.
In addition to the on-site amenities, the owner currently covers water and lawn maintenance, helping simplify operating expenses for residents.
Key Highlights
- Quadplex built in 1932 with brick veneer construction and composition roof
- 4‑car carport plus private backyard with wood fencing and security lighting
- Four units with three currently occupied by long‑term tenants
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.0k | $13.80 |
| − Vacancy | −$3.8k | −$0.90 |
| EGI | $55.1k | $12.90 |
| − OpEx | −$16.5k | −$3.87 |
| NOI | $38.6k | $9.03 |
4,272 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$551.2K
$482.3K – $643.1K
NOI $38,585 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$516.6K
$452.0K – $602.7K
NOI $36,160 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$953.5K
$834.3K – $1.11M
NOI $66,744 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained quadplex with four units, a 4-car carport, private wood-fenced backyard, and shared washer/dryer.
Where is this quadplex located?
The property is located at 111 Rowland Pl Tyler, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Quadplex built in 1932 with brick veneer construction and composition roof; 4‑car carport plus private backyard with wood fencing and security lighting; Four units with three currently occupied by long‑term tenants
