113 & 115 E Heritage Drive Tyler, TX 75703
MULTI_FAMILY - Tyler, TX
- Added:
- Jun 15, 2026
- Days on Market:
- 27
- Last Refresh:
- Jul 11 at 7:06 am
Property Features for 113 & 115 E Heritage Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6
- Parking features
- Garage
- Fencing
- Wood, Brick
- Fireplace
- 1
- Standard status
- Active
- Size
- 3,676 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1971
- Number of units
- 2
- Building materials
- Brick and Wood, Wood/ Frame
Listing agent Brent Bradberry License #0715170 (903) 581-3737
Listing office Drake Real Estate & Investments 11621 CR 166, Tyler, TX (903) 581-3737
Listing date Jun 15, 2026
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.
The property is located in South Tyler in the Heritage South Subdivision, near shopping and dining, with easy access to S. Broadway Ave. Off-street and common parking are part of the site configuration, and the address is 113 & 115 E Heritage Drive in Tyler, TX 75703.
For buyers seeking income-producing residential rental space, the duplex is currently held under one-year leases for both units, with expiration on 12/31/26. Unit 113 and unit 115 are leased on the same schedule, and the documented improvements can support day-to-day operations. Please contact the listing agent by call or text for questions and showing coordination.
Key Highlights
- Fully occupied side‑by‑side duplex in South Tyler; each side approx. 1,838 SF with 3 bedrooms and 2 baths
- 2‑car garage per unit plus additional common parking along E. Heritage Drive
- New roof in 2022; unit 115 fully remodeled in 2022
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 | $50.7k | $13.80 |
| − Vacancy | −$3.3k | −$0.90 |
| EGI | $47.4k | $12.90 |
| − OpEx | −$14.2k | −$3.87 |
| NOI | $33.2k | $9.03 |
