1423 E Elm, Tyler, TX 75702
- Added:
- May 18, 2026
- Days on Market:
- 23
- Last Refresh:
- Jun 9 at 12:06 am
Property Features for 1423 E Elm
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
- Interior features
- Ceiling Fan, Blinds
- Appliances
- Range/Oven-Electric, Microwave, Range/Oven-Electric, Microwave
- Standard status
- Active
- Size
- 1,897 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3397
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Siding
- Roof type
- Composition
Listing agent Cindi Featherston-Shields License #0433186 (903) 561-2200
Listing office The Property Shoppe - eXp Realty, LLC 5230 Old Jacksonville Hwy Ste 205, Tyler, TX (903) 561-2200
Listing date May 18, 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.
HighLights
- Duplex built in 1930 with public water and public sewer.
- 2‑bedroom, 1‑bath duplex with Bedroom 1–4 and Bathroom 1–2 listed in the room configuration.
- Recently remodeled with vinyl flooring and blinds.
- Central heating and central air with electric HVAC.
- Roof is composition; exterior siding.
- One unit is leased on a month‑to‑month basis and the second unit is vacant.
Overview
The home is located just minutes from downtown Tyler, providing convenient access to shopping, dining, and local amenities. The remarks also note that major hospitals are nearby. Tyler Junior College is described as only a few blocks away, which may be a practical consideration for tenant mix.
For buyers seeking a residential income property with manageable, repeatable unit layouts, the existing configuration and updated condition can simplify planning and day-to-day operations. With one side already producing month-to-month rental income and the other available immediately, the property supports multiple approaches depending on an owner’s occupancy goals.
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 | $26.2k | $13.80 |
| − Vacancy | −$1.7k | −$0.90 |
| EGI | $24.5k | $12.90 |
| − OpEx | −$7.3k | −$3.87 |
| NOI | $17.1k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.28333
- Latitude
- 32.349884
