Turnkey Duplex Built in
429/501 W Vance Tyler, TX 75702
429/501 W Vance, Tyler, TX, 75702
$299,900
For Sale
$299,900
MULTI_FAMILY - Tyler, TX
Property Size2,000 SF
Lot Size0.19 Acres
Price / SF$149.95
Days on Market29
Property Features for 429/501 W Vance
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Security features
- Security Lighting
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan, Blinds, Smoke Alarm
- Exterior features
- Patio Covered, Security Lighting, Gutter(s)
- Appliances
- Range/Oven-Electric, Free Standing Range, Dishwasher, Microwave, Refrigerator
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2026
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Ceiling Fan(s), Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood, Vinyl
- Building materials
- Brick Veneer
- Roof type
- Composition
Listing agency
Keller Williams Realty-Tyler
(903) 534-6600
Listed by
Karl Crawford · License #0699828
(903) 534-6600
Added: Jun 23 Updated: Jul 19 at 2:30AM Checked: Jul 21 at 12:06PM
MLS# 26007660
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.
Built in 2021, this duplex at 429/501 W Vance, Tyler, TX 75702 is well-maintained and configured as two rental units. Both units are 100% occupied and generating monthly rental income, with a combined total of 5 bedrooms and 3.5 bathrooms. Each unit includes granite countertops, spacious living areas, and a dedicated laundry closet.
The property sits on a 0.19-acre lot and totals 2,000 square feet. It is located within the Douglas Elementary, Moore Middle School, and Tyler High School attendance zones.
For buyers seeking a newer-construction duplex with an established tenant base, this fully leased setup provides a straightforward owner-occupied or investment-ready configuration.
The property sits on a 0.19-acre lot and totals 2,000 square feet. It is located within the Douglas Elementary, Moore Middle School, and Tyler High School attendance zones.
For buyers seeking a newer-construction duplex with an established tenant base, this fully leased setup provides a straightforward owner-occupied or investment-ready configuration.
Key Highlights
- Duplex built in 2021 with public water and public sewer
- Both units are 100% occupied and generating monthly rental income
- Combined layout includes 5 bedrooms and 3.5 bathrooms
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 | $27.6k | $13.80 |
| − Vacancy | −$1.8k | −$0.90 |
| EGI | $25.8k | $12.90 |
| − OpEx | −$7.7k | −$3.87 |
| NOI | $18.1k | $9.03 |
2,000 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.1K
$225.8K – $301.1K
NOI $18,064 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$241.8K
$211.6K – $282.2K
NOI $16,929 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$446.4K
$390.6K – $520.8K
NOI $31,247 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained 2021 duplex with 100% occupancy and combined 5 bedrooms, 3.5 baths, each unit with laundry closets.
Where is this duplex located?
The property is located at 429/501 W Vance Tyler, TX.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Duplex built in 2021 with public water and public sewer; Both units are 100% occupied and generating monthly rental income; Combined layout includes 5 bedrooms and 3.5 bathrooms
