Four-Unit Quadplex with
For Sale
$525,000
111 Rowland Pl, Tyler, TX 75701
Income property with fenced outdoor space, shared laundry, and three occupied units near Tyler’s Medical District and downtown.
Property Size4,272 SF
Price / SF$122.89
Days on Market27
Property Features for 111 Rowland Pl
General Information
Standard status
Active
Size
4,272 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
75%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,292
Amenities
private wood-fenced backyard
shared washer and dryer
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Tyler
(903) 360-3997
Listed By:
Jim McCain · License #0217593
(903) 360-3997
Source:
Exprealty
Added: Jul 16
Changed: Aug 8
Last Checked: Aug 10 at 9:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Tyler
Investment Insights
Based on property information with market context.
This four-unit residential income property includes a 4-car carport, a private wood-fenced backyard, and shared washer and dryer facilities. Three units are occupied by long-term tenants. The owner currently handles water and lawn maintenance, providing a defined operating arrangement for the property.
The quadplex is located at 111 Rowland Pl in Tyler, near the city’s Medical District and Downtown Tyler. Its four-unit configuration, on-site covered parking, outdoor area, and shared laundry amenities support continued residential rental use.
The quadplex is located at 111 Rowland Pl in Tyler, near the city’s Medical District and Downtown Tyler. Its four-unit configuration, on-site covered parking, outdoor area, and shared laundry amenities support continued residential rental use.
Key Highlights
- Four‑unit quadplex with three units occupied by long‑term tenants
- 4‑car carport provides covered on‑site parking
- Private wood‑fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,585
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$771,700
$771.7K
Cap Rate 7%
$551,214
$551.2K
Cap Rate 9%
$428,722
$428.7K
Market Conditions
NOI Build-Up for 4,272 SF
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.
Gross rent
$59.0K $13.80/SF
− Vacancy
−$3.8K −$0.90/SF
EGI
$55.1K $12.90/SF
− OpEx
−$16.5K −$3.87/SF
NOI
$38.6K $9.03/SF
Area
Tyler, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$771,700
Cap Rate 7%
$551,214
Cap Rate 9%
$428,722
Alternative Uses
Best Use
Multifamily LT 5
$551.2K
$482.3K – $643.1K
NOI $38,585 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$516.6K
$452.0K – $602.7K
NOI $36,160 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$953.5K
$834.3K – $1.11M
NOI $66,744 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 75701, TX
34,502
Population
14,630
Households
2.4
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
14.1 sq mi
ZIP Area
2,447
Density / Sq Mi
$62,091
Median Household Income
$29,448
Median Earnings
$1,250
Median Rent
$190,500
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?
Quadplex - Income property with fenced outdoor space, shared laundry, and three occupied units near Tyler’s Medical District and downtown.
Where is this quadplex located?
The property is located at 111 Rowland Pl Tyler, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit quadplex with three units occupied by long‑term tenants; 4‑car carport provides covered on‑site parking; Private wood‑fenced backyard
