Brick Duplex with Covered
For Sale
$420,000
319/321 Princess Place, Tyler, TX 75704
MULTI_FAMILY - Tyler, TX
Property Size2,514 SF
Lot Size0.17 Acres
Price / SF$167.06
Days on Market106
Property Features for 319/321 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 4, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan, Blinds, Smoke Alarm
Exterior features
Patio Covered, Sprinkler System, Gutter(s)
Fencing
Wood
Appliances
Range/Oven-Electric, Dishwasher, Microwave, Refrigerator, Cooktop-Electric
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 319/321 Princess Place.
Standard status
Active
Size
2,514 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4802
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2015
Floors in Building
1
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Brick and Wood, Shingles
Roof type
Composition
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# 26002979
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 brick duplex built in 2015 offers a practical layout for owner-occupants and tenants alike, with a covered patio and convenient outdoor space. Inside, the home includes ceiling fans, blinds, and smoke alarms, along with laminate and carpet flooring. Heating and cooling are electric with central systems, and the kitchen is equipped with a range/oven, dishwasher, microwave, refrigerator, and electric cooktop.
The property totals 2,514 square feet on a 0.172-acre lot, with public water and public sewer services and a composition shingle roof. Exterior features include a sprinkler system, gutters, and a wood-fenced yard, and the duplex provides garage parking with individual driveways.
Located at 319/321 Princess Place in Tyler, TX, the home offers quick access to Tyler Pounds Regional Airport, Loop 323, Highway 31, UT Tyler, Tyler Junior College, and nearby medical and retail destinations.
The property totals 2,514 square feet on a 0.172-acre lot, with public water and public sewer services and a composition shingle roof. Exterior features include a sprinkler system, gutters, and a wood-fenced yard, and the duplex provides garage parking with individual driveways.
Located at 319/321 Princess Place in Tyler, TX, the home offers quick access to Tyler Pounds Regional Airport, Loop 323, Highway 31, UT Tyler, Tyler Junior College, and nearby medical and retail destinations.
Key Highlights
- Built in 2015
- 2,514 SF on 0.172 acres
- Brick and wood exterior with composition shingle roof
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 | $34.7k | $13.80 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $32.4k | $12.90 |
| − OpEx | −$9.7k | −$3.87 |
| NOI | $22.7k | $9.03 |
2,514 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.4K
$283.8K – $378.5K
NOI $22,707 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$304.0K
$266.0K – $354.7K
NOI $21,280 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$561.1K
$491.0K – $654.6K
NOI $39,278 @ 7.0% cap · market cap 9.35%
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
74
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 covered patio, sprinkler system, and individual garage parking for flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 319/321 Princess Place Tyler, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Built in 2015; 2,514 SF on 0.172 acres; Brick and wood exterior with composition shingle roof
