Duplex with Individual
For Sale
$450,000
303/309 Princess Place, Tyler, TX 75704
MULTI_FAMILY - Tyler, TX
Property Size2,680 SF
Price / SF$167.91
Days on Market106
Property Features for 303/309 Princess Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential Townhouse
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Parking features
Garage
Fencing
Wood
Subdivision
Wellington Place
Elementary school
Dixie
Middle school
Boulter
High school
Tyler High
Directions
From Loop 323 in West Tyler, take Hwy 64 W. Turn right into Wellington Place, then turn right onto Princess Place. Duplex will be on the right at the end of the cul de sac of Princess Place.
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 Agency:
Nanci Wright Property Management
(903) 939-0863
Listed By:
Hannah Tavenner · License #0657136
(903) 360-5813
Added: Apr 21
Changed: Aug 3
Last Checked: Aug 4 at 7:06AM
MLS# 26005616
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 duplex at 303/309 Princess Place features an attractive brick and stone exterior, along with private driveways and individual garage spaces. The layout provides separate entrances, supporting an owner-occupant setup where one side can be lived in while the other generates rental income. Interior finishes include carpet and ceramic tile, and the home is heated with electric heating and cooled with central air.
Built in 2016, the property is served by public water and public sewer and includes fencing noted as wood. Parking is provided via a garage.
Located in Tyler, the area offers quick access to Tyler Pounds Regional Airport, Loop 323, and Highway 31, with UT Tyler and Tyler Junior College nearby. Medical facilities including Christus and UT Health are also in the surrounding area, along with shopping, dining, and retail centers.
Built in 2016, the property is served by public water and public sewer and includes fencing noted as wood. Parking is provided via a garage.
Located in Tyler, the area offers quick access to Tyler Pounds Regional Airport, Loop 323, and Highway 31, with UT Tyler and Tyler Junior College nearby. Medical facilities including Christus and UT Health are also in the surrounding area, along with shopping, dining, and retail centers.
Key Highlights
- Brick and stone exterior duplex with private driveways
- Separate entrances with individual garage spaces
- Central air cooling with electric heating
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 |
2,680 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$345.8K
$302.6K – $403.4K
NOI $24,206 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$324.1K
$283.6K – $378.1K
NOI $22,685 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$598.2K
$523.4K – $697.9K
NOI $41,872 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 75704, TX
10,075
Population
4,325
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
77%
High-School Grad
66.8 sq mi
ZIP Area
151
Density / Sq Mi
$52,892
Median Household Income
$32,327
Median Earnings
$1,185
Median Rent
$136,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with brick-and-stone exterior, private driveways, and individual garage spaces in Tyler, TX.
Where is this duplex located?
The property is located at 303/309 Princess Place Tyler, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Brick and stone exterior duplex with private driveways; Separate entrances with individual garage spaces; Central air cooling with electric heating
