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For sale
Duplexes
TX
Tyler
75703
113 & 115 E Heritage Drive

Duplex with Remodeled Unit

113 & 115 E Heritage Drive, Tyler, TX 75703

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For Sale

$496,000

Duplex featuring remodeled unit and new roof in Tyler, TX.

Type:Duplex

Property size:

3,676 SF

Price / SF:

$134/SF

HighLights

Spacious units, approximately 1,838 sq ft, each with 3 beds and 2 baths.
Benefit from a 2‑car garage and extra parking on E. Heritage Drive.
Unit 115 is fully remodeled with new appliances (2022).
New roof installed in 2022.
Enjoy front and back yards.
Unit 113 features a new HVAC system (2024).

We can help!

Listing Contact

Brent Bradberry

Learn more

For Sale

$496,000

Duplex featuring remodeled unit and new roof in Tyler, TX.

Type:Duplex

Property size:

3,676 SF

Price / SF:

$134/SF

Added:: Apr 1, 2026
Days on Market:: 70
Last Refresh:: Apr 1 at 11:36 am

Property Features for 113 & 115 E Heritage Drive

General Information

Standard status: Active
Size: 3,676 SF
Property subtype: Duplex

We can help!

Listing Contact

Brent Bradberry

Listing agent Brent Bradberry License #0715170

Listing office Drake Capital, LLC dba Drake Real Estate & Investments

Listing date Apr 1, 2026

Source Draketexas

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 Drake Capital, LLC dba Drake Real Estate & Investments

HighLights

Spacious units, approximately 1,838 sq ft, each with 3 beds and 2 baths.
Benefit from a 2‑car garage and extra parking on E. Heritage Drive.
Unit 115 is fully remodeled with new appliances (2022).
New roof installed in 2022.
Enjoy front and back yards.
Unit 113 features a new HVAC system (2024).

Overview

This duplex property features two units, each approximately 1,838 square feet, and includes three bedrooms, two bathrooms, and a two-car garage per unit. The property includes front and back yards, as well as additional parking on E. Heritage Drive. A new roof was installed in 2022. Unit 113 has a new HVAC system installed in 2024. Unit 115 was fully remodeled and includes new appliances as of 2022. Both units are currently under 1-year leases expiring on December 31, 2026.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$50.7k	$13.80
− Vacancy	−$3.3k	−$0.90
EGI	$47.4k	$12.90
− OpEx	−$14.2k	−$3.87
NOI	$33.2k	$9.03

3,676 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$474.3K

$415.0K – $553.4K (±1% cap)

NOI $33,202 @ 7.0% cap · market cap 6.69%

Second Best

Apartment 5plus

$444.5K

$389.0K – $518.6K (±1% cap)

NOI $31,116 @ 7.0% cap · market cap 6.27%

Theoretical Best

Office A

$820.5K

$717.9K – $957.2K (±1% cap)

NOI $57,433 @ 7.0% cap · market cap 11.58%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Tyler
County: Smith
State: Texas
Longitude: -95.30549
Latitude: 32.266125

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For sale
Duplexes
TX
Tyler
75703
113 & 115 E Heritage Drive

What type of property is this?

Duplex - Duplex featuring remodeled unit and new roof in Tyler, TX.

Where is this duplex located?

The property is located at 113 & 115 E Heritage Drive Tyler, TX.

What is the asking price?

The asking price for this property is $496,000.

What are key features of this property?

This property features: Spacious units, approximately 1,838 sq ft, each with 3 beds and 2 baths.; Benefit from a 2‑car garage and extra parking on E. Heritage Drive.; Unit 115 is fully remodeled with new appliances (2022).