Side-by-Side Duplex
113 & 115 E Heritage Drive Tyler, TX 75703
113 & 115 E Heritage Drive, Tyler, TX, 75703
$475,000
For Sale
$475,000
MULTI_FAMILY - Tyler, TX
Property Size3,676 SF
Lot Size0.34 Acres
Price / SF$129.22
Days on Market35
Property Features for 113 & 115 E Heritage Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1
- Parking features
- Garage
- Fencing
- Wood, Brick
- Fireplace
- 1
- Standard status
- Active
- Size
- 3,676 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1971
- Number of units
- 2
- Building materials
- Brick and Wood, Wood/ Frame
Listing Agency
Drake Real Estate & Investments
(903) 581-3737
11621 CR 166, Tyler, TX
Listed by
Brent Bradberry · License #0715170
(903) 581-3737
Added: Jun 15 Checked: Jul 19 at 2:06 pm
MLS# 26004160
Listing URL
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.
This side-by-side duplex is fully occupied and offers two separate units, each approximated at 1,838 square feet. Each unit features three bedrooms, two bathrooms, and a two-car garage, along with front and back yards. Additional common parking is available along E. Heritage Drive. Recent updates include a new roof in 2022, new HVAC for unit 113 in 2024, and a full remodel of unit 115 in 2022. Interior photos provided reflect unit 115.
The property is located in South Tyler in the Heritage South Subdivision, near shopping and dining, with easy access to S. Broadway Ave. Off-street and common parking are part of the site configuration, and the address is 113 & 115 E Heritage Drive in Tyler, TX 75703.
For buyers seeking income-producing residential rental space, the duplex is currently held under one-year leases for both units, with expiration on 12/31/26. Unit 113 and unit 115 are leased on the same schedule, and the documented improvements can support day-to-day operations. Please contact the listing agent by call or text for questions and showing coordination.
The property is located in South Tyler in the Heritage South Subdivision, near shopping and dining, with easy access to S. Broadway Ave. Off-street and common parking are part of the site configuration, and the address is 113 & 115 E Heritage Drive in Tyler, TX 75703.
For buyers seeking income-producing residential rental space, the duplex is currently held under one-year leases for both units, with expiration on 12/31/26. Unit 113 and unit 115 are leased on the same schedule, and the documented improvements can support day-to-day operations. Please contact the listing agent by call or text for questions and showing coordination.
Key Highlights
- Fully occupied side‑by‑side duplex in South Tyler’s Heritage South Subdivision
- Each side is approx. 1,838 SF with 3 bedrooms, 2 bathrooms, and a 2‑car garage
- New roof in 2022; HVAC replacement for unit 113 in 2024
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 | $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
NOI $33,202 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$444.5K
$389.0K – $518.6K
NOI $31,116 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$820.5K
$717.9K – $957.2K
NOI $57,433 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully occupied duplex in South Tyler with two 3-bedroom units, garages, yards, and recent roof and HVAC updates.
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 $475,000.
What are key features of this property?
This property features: Fully occupied side‑by‑side duplex in South Tyler’s Heritage South Subdivision; Each side is approx. 1,838 SF with 3 bedrooms, 2 bathrooms, and a 2‑car garage; New roof in 2022; HVAC replacement for unit 113 in 2024
