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Spacious Triplex on Acreage

3181 FM 16 E Tyler, TX 75706

For Sale

$367,500

MULTI_FAMILY - Tyler, TX

Property size:

3,000 SF

Lot size:

5.70 Acres

Price / SF:

$122/SF

For Sale

$367,500

MULTI_FAMILY - Tyler, TX

Property size:

3,000 SF

Lot size:

5.70 Acres

Price / SF:

$122/SF

Added:: Nov 12, 2024
Days on Market:: 606
Last Refresh:: Jul 11 at 2:06 pm

Property Features for 3181 FM 16 E

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Laundry Room, Living Room
Parking features: Open
Patio and Porch features: Patio
Exterior features: Covered Patio, Workshop
Standard status: Active
Lot size: 5.70 Acres

Utilities

Heating system: Electric (Heating)
Cooling system: Electric

Building Details

Year built: 2003
Number of units: 3
Additional Structures: Workshop

Listing agent Dena Ochoa License #0571145

Listing office Texas Real Estate Executives 117 Simpson, GILMER, TX

Listing date Nov 12, 2024

MLS# 20247017 Listing URL

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.

This 5.7-acre property, located in Winona ISD, features a 3,000 square foot triplex and an 800 square foot shop. The triplex, constructed as a metal building, includes three separate units, each offering 1,000 square feet of living space and modern amenities. Each unit is equipped with washer and dryer connections. The property includes a covered front and back porch. The back porch overlooks a pond and wooded acreage. Situated near Tyler, TX, the property offers both convenience and rural seclusion. This property is suitable for those seeking a peaceful, rural setting with space to enjoy the outdoors.

Key Highlights

5.7‑acre property in Winona ISD with a 3,000 SF triplex plus an 800 SF shop
3‑bedroom/2‑bath triplex (metal building) with 3 separate units, each with 1,000 SF of living space
Covered front and back patio/porch areas, including a covered porch overlooking a pond and wooded acreage

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$41.4k	$13.80
− Vacancy	−$2.7k	−$0.90
EGI	$38.7k	$12.90
− OpEx	−$11.6k	−$3.87
NOI	$27.1k	$9.03

3,000 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$387.1K

$338.7K – $451.6K (±1% cap)

NOI $27,096 @ 7.0% cap · market cap 7.37%

Second Best

Apartment 5plus

$362.8K

$317.4K – $423.2K (±1% cap)

NOI $25,394 @ 7.0% cap · market cap 6.91%

Theoretical Best

Office A

$669.6K

$585.9K – $781.2K (±1% cap)

NOI $46,871 @ 7.0% cap · market cap 12.75%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

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For sale
Triplexes
TX
Tyler
75706
3181 FM 16 E

What type of property is this?

Triplex - 5.7-acre property with triplex and shop near Tyler, TX.

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 $367,500.

What are key features of this property?

This property features: 5.7‑acre property in Winona ISD with a 3,000 SF triplex plus an 800 SF shop; 3‑bedroom/2‑bath triplex (metal building) with 3 separate units, each with 1,000 SF of living space; Covered front and back patio/porch areas, including a covered porch overlooking a pond and wooded acreage

3181 FM 16 E Tyler, TX 75706

MULTI_FAMILY - Tyler, TX

Property Features for 3181 FM 16 E

General Information

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Drive-Through QSR Restaurant Outparcel

Two-Story Office & Wellness Facility

Freestanding Office-Retail Building

Flex Warehouse with Private Office

Side-by-Side Duplex Investment

Flexible Retail and Office Building

Income-Producing Multifamily Retreat

Fully Operational Vehicle Repair Shop

Medical-Use Office Suite with Reception

Flex Manufacturing Building with Offices

Duplex with Separate Entrances

Freestanding Office-Retail Building

FAQs