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Triplex with Workshop and Acreage
For Sale
$350,000

3181 FM 16 E, Tyler, TX 75706

MULTI-FAMILY, Tyler, TX

Property SizeContact for details
Lot Size5.70 Acres
Days on Market696

Property Features for 3181 FM 16 E

General Information

Property type Residential Multi Family
Property subtype Triplex
Rooms Laundry Room, Living Room
Parking features Open
Patio and Porch features Patio
Exterior features Covered Patio, Workshop
Directions From Longview go West on Hwy 80. Turn left onto FM 14 S. Go 6 miles & take a left onto FM 16 E. Go 0.6miles. Property is on the left.
Subdivision WINONA ISD
Standard status Active
Lot size 5.70 Acres

Utilities

Heating system Electric (Heating)
Cooling system Electric

Amenities

washer & dryer connections
covered front and back porch

Building Details

Year built 2003
Number of units 3
Additional Structures Workshop
Listing Agency: Texas Real Estate Executives
Listed By: Dena Ochoa · License #0571145
Added: Nov 12, 2024 Changed: Sep 25 Last Checked: Oct 9 at 9:06PM
MLS# 20247017

Copyright © 2026 Longview Area 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.

Set on 5.7 acres, this property includes a 3,000-square-foot triplex with three separate units and an 800-square-foot shop. The triplex is a metal building with covered front and rear porches, washer and dryer connections, electric heating, and electric cooling. Open parking and workshop space add practical utility to the site.

Located at 3181 FM 16 E in Tyler, the property combines a rural setting with access to nearby Tyler. The rear porch overlooks a pond and wooded acreage, while the surrounding land provides substantial outdoor space. Built in 2003, the property also includes living room and laundry room areas.

Key Highlights

  • 5.7‑acre property with a 3,000 SF triplex
  • Separate 800 SF shop included
  • Triplex contains three separate units

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Pharmacy Grocery & Convenience Store Food Market Law Firm Restaurant Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

23
Businesses Nearby

Demographics for 75706, TX

10,313
Population
4,332
Households
2.4
Avg Household Size
34
Median Age
10%
College-Educated
81%
High-School Grad
75.6 sq mi
ZIP Area
136
Density / Sq Mi
$57,845
Median Household Income
$32,886
Median Earnings
$941
Median Rent
$125,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Rural triplex property with a separate shop, covered porches, and open parking.
Where is this triplex located?
The property is located at 3181 FM 16 E Tyler, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 5.7‑acre property with a 3,000 SF triplex; Separate 800 SF shop included; Triplex contains three separate units
More about this property
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