113 & 115 E Heritage Drive Tyler, TX 75703
Duplex featuring remodeled unit and new roof in Tyler, TX.
- Added:
- Apr 1, 2026
- Days on Market:
- 102
- Last Refresh:
- Jul 2 at 9:09 am
Property Features for 113 & 115 E Heritage Drive
General Information
- Standard status
- Active
- Size
- 3,676 SF
- Property subtype
- Duplex
Listing office Drake Real Estate & Investments (903) 581-3737
Listing date Apr 1, 2026
Source Draketexas
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Key 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).
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 |
