303/309 Princess Place, Tyler, TX 75704
- Added:
- Apr 21, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 9 at 4:06 am
Property Features for 303/309 Princess Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 2
- Parking features
- Garage
- Fencing
- Wood
- Standard status
- Active
- Size
- 2,680 SF
Taxes and HOA fees
- Tax Year
- 2026
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2016
- Number of units
- 2
- Flooring type
- Carpet, Tile - Ceramic
- Building materials
- Brick and Wood, Brick and Stone
Listing agent Hannah Tavenner License #0657136 (903) 939-0863
Listing office Nanci Wright Property Management 3100 New Copeland Road, Tyler, TX (903) 939-0863
Listing date Apr 21, 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 2016 with brick and stone exterior finishes (brick and wood also reported).
- Central heating and central air conditioning, with electric heating and electric cooling listed.
- Ceramic tile and carpet flooring throughout the unit areas.
- Public water and public sewer connection.
- Garage parking with wood fencing.
- Private driveways with separate entrances and individual garage spaces.
Overview
Located in Tyler, TX (Smith County), the address is 303/309 Princess Place (75704). The listing describes convenient access to Tyler Pounds Regional Airport and to Loop 323 and Highway 31 for commuting. It also notes proximity to UT Tyler and Tyler Junior College, as well as Christus and UT Health medical facilities. Additional shopping, dining, and retail centers are indicated nearby.
The duplex configuration is typically well-suited for an owner-occupant plan, where one side can be lived in while the other side helps offset housing costs. It also serves as a straightforward option for buyers seeking a residential income property with separate entrances and garages for each unit. The overall presentation emphasizes curb appeal and practical separation between the two residences.
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 | $37.0k | $13.80 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $34.6k | $12.90 |
| − OpEx | −$10.4k | −$3.87 |
| NOI | $24.2k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.393837
- Latitude
- 32.364185
