Three-Unit Triplex
For Sale
$225,000
1120 S Donnybrook Ave, Tyler, TX 75701
Occupied rental property with varied unit layouts, private garages, and a separate garage apartment.
Property Size2,322 SF
Price / SF$96.90
Days on Market108
Property Features for 1120 S Donnybrook Ave
General Information
Standard status
Active
Size
2,322 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
balcony
Building Details
Year Built
1920
Buildings
2
Listing Agency:
Bloxom Realty LLC
(903) 352-6988
Listed By:
LESLIE HARRIS · License #0727522
Source:
Dfwareahousehunt
Added: May 14
Changed: Aug 29
Last Checked: Aug 29 at 11:43AM
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 Bloxom Realty LLC
Investment Insights
Based on property information with market context.
This three-unit multifamily property at 1120 S Donnybrook Ave includes a 1,572-square-foot duplex and a 750-square-foot garage apartment, totaling 2,322 square feet. The duplex contains one two-bedroom, one-bath unit and one one-bedroom, one-bath unit. The detached-style garage apartment provides a two-bedroom, one-bath layout and a spacious balcony. Each residence includes a private one-car garage.
The property occupies a corner lot in Tyler, Texas, near colleges and hospitals. All three units are currently occupied, and the property has maintained consistent occupancy for 25 years. Built in 1920, the property has also benefited from roof replacements completed within the last 3–4 years.
The property occupies a corner lot in Tyler, Texas, near colleges and hospitals. All three units are currently occupied, and the property has maintained consistent occupancy for 25 years. Built in 1920, the property has also benefited from roof replacements completed within the last 3–4 years.
Key Highlights
- Three rental units totaling 2,322 square feet
- Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Duplex measures 1,572 square feet; garage apartment measures 750 square feet
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
$19,655
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
8.74%
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%
$393,100
$393.1K
Cap Rate 7%
$280,786
$280.8K
Cap Rate 9%
$218,389
$218.4K
Market Conditions
NOI Build-Up for 2,322 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
$37.6K $16.20/SF
− Vacancy
−$1.9K −$0.81/SF
EGI
$35.7K $15.39/SF
− OpEx
−$16.1K −$6.93/SF
NOI
$19.7K $8.46/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$393,100
Cap Rate 7%
$280,786
Cap Rate 9%
$218,389
Alternative Uses
Best Use
Multifamily LT 5
$299.6K
$262.2K – $349.6K
NOI $20,973 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$280.8K
$245.7K – $327.6K
NOI $19,655 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$518.3K
$453.5K – $604.6K
NOI $36,278 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,289
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?
Triplex - Occupied rental property with varied unit layouts, private garages, and a separate garage apartment.
Where is this triplex located?
The property is located at 1120 S Donnybrook Ave Tyler, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three rental units totaling 2,322 square feet; Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Duplex measures 1,572 square feet; garage apartment measures 750 square feet
