Fully Renovated Triplex Income
140 FM 16 W Tyler, TX 75706
140 FM 16 W, Tyler, TX, 75706
$649,900
For Sale
$649,900
MULTI_FAMILY - Tyler, TX
Property Size3,432 SF
Lot Size6.51 Acres
Price / SF$189.36
Days on Market135
Property Features for 140 FM 16 W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1
- Standard status
- Active
- Size
- 3,432 SF
- Lot size
- 6.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Aerobic Septic
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Brick and Stone
Listing Agency
Keller Williams Realty-Tyler
(903) 534-6600
6761 Old Jacksonville Hwy, Tyler, TX
Listed by
Ryan Major · License #0654996
(903) 534-6600
Added: Mar 6 Checked: Jul 19 at 1:06 pm
MLS# 26003219
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 fully renovated triplex has been reimagined into three residential units, offering a mix of 1-bedroom, 2-bedroom, and 3-bedroom layouts with updated finishes throughout. The unit mix includes a 1-bedroom, 1-bath; a 2-bedroom, 1-bath; and a 3-bedroom, 2-bath configuration.
The property includes a large parking area and fully fenced backyards for added privacy. It is located near I-20 at the intersection of FM 14 and FM 16, with a Tyler address, and it falls within Winona ISD.
Originally described as a former storefront/office with an attached apartment, the building has been converted to the current three-unit residential setup, providing an investor-oriented structure designed for ongoing rental use.
The property includes a large parking area and fully fenced backyards for added privacy. It is located near I-20 at the intersection of FM 14 and FM 16, with a Tyler address, and it falls within Winona ISD.
Originally described as a former storefront/office with an attached apartment, the building has been converted to the current three-unit residential setup, providing an investor-oriented structure designed for ongoing rental use.
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 | $47.4k | $13.80 |
| − Vacancy | −$3.1k | −$0.90 |
| EGI | $44.3k | $12.90 |
| − OpEx | −$13.3k | −$3.87 |
| NOI | $31.0k | $9.03 |
3,432 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$442.8K
$387.5K – $516.6K
NOI $30,998 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$415.0K
$363.1K – $484.2K
NOI $29,050 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$766.0K
$670.3K – $893.7K
NOI $53,621 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully renovated triplex with three units, large parking area, and fully fenced backyards.
Where is this triplex located?
The property is located at 140 FM 16 W Tyler, TX.
What is the asking price?
The asking price for this property is $649,900.
