Brick Quadplex with
For Sale
$525,000
111 Rowland Pl, Tyler, TX 75701
Residential Income, Tyler, TX
Property Size4,272 SF
Price / SF$122.89
Days on Market37
Property Features for 111 Rowland Pl
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Carport, On Street
Security features
Security Lighting
Patio and Porch features
Porch
Interior features
Cable TV
Fireplace
1
Appliances
Gas Range, Electric Range, Dishwasher, Refrigerator
Subdivision
Rowland Pl
Elementary school
Bell
Middle school
Hubbard
High school
Tyler Legacy
Directions
North on Broadway from Loop 323, right on Rowland Pl., on corner in circle
Standard status
Active
Size
4,272 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 59 Block 261-B
Tax Annual Amount
7292
Legal Description
Lot 59 Block 261-B
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
private wood-fenced backyard
shared washer and dryer
Building Details
Year built
1932
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic, Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX Tyler · RE/MAX International
(903) 581-7117
Listed By:
Jim Mccain · License #0217593
(903) 360-3997
Added: Jul 16
Changed: Aug 20
Last Checked: Aug 21 at 8:06AM
MLS# 26009894
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 1932, this 4,272-square-foot quadplex contains four units and includes a four-car carport, private wood-fenced backyard, and shared washer and dryer. Brick construction, central heating and cooling, ceramic tile and carpet flooring, and kitchens equipped with ranges, dishwashers, and refrigerators support the existing residential configuration.
Three units are occupied by long-term tenants. The owner currently covers water and lawn maintenance. Public water and sewer serve the property, which is located minutes from Tyler’s Medical District and Downtown Tyler.
Three units are occupied by long-term tenants. The owner currently covers water and lawn maintenance. Public water and sewer serve the property, which is located minutes from Tyler’s Medical District and Downtown Tyler.
Key Highlights
- 4,272‑square‑foot quadplex with four residential units
- Three of four units occupied by long‑term tenants
- Four‑car carport plus on‑street parking
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with shared laundry, fenced outdoor space, and three occupied units.
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: 4,272‑square‑foot quadplex with four residential units; Three of four units occupied by long‑term tenants; Four‑car carport plus on‑street parking
