2-Unit Residential
For Sale
$324,900
126 N Gaston, Tyler, TX 75702
One residence is occupied, and both units have three bedrooms and two bathrooms.
Property Size2,520 SF
Price / SF$128.93
Days on Market39
Property Features for 126 N Gaston
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2009
Buildings
1
Listing Agency:
Texas Real Estate Executives
Listed By:
Dwell Realty
(903) 574-2888
Source:
Dwell
Added: Sep 24
Changed: Oct 31
Last Checked: Nov 1 at 5:43AM
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 Texas Real Estate Executives
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Investment Insights
Based on property information with market context.
This 2,520-square-foot duplex contains two residences, each configured with three bedrooms and two bathrooms. Built in 2009, the property has one occupied unit. It is located at 126 N Gaston in Tyler, Texas.
Key Highlights
- Two residential units, each with 3 bedrooms and 2 bathrooms
- 2,520 square feet of building area
- Built in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,761
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,220
$455.2K
Cap Rate 7%
$325,157
$325.2K
Cap Rate 9%
$252,900
$252.9K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$34.8K $13.80/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$32.5K $12.90/SF
− OpEx
−$9.8K −$3.87/SF
NOI
$22.8K $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 Rate 5%
$455,220
Cap Rate 7%
$325,157
Cap Rate 9%
$252,900
Alternative Uses
Best Use
Multifamily LT 5
$325.2K
$284.5K – $379.4K
NOI $22,761 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$304.7K
$266.6K – $355.5K
NOI $21,331 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$562.5K
$492.2K – $656.2K
NOI $39,372 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
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Business Placement
Demographics for 75702, TX
26,777
Population
10,273
Households
2.6
Avg Household Size
32
Median Age
8%
College-Educated
72%
High-School Grad
14.1 sq mi
ZIP Area
1,899
Density / Sq Mi
$51,177
Median Household Income
$30,399
Median Earnings
$906
Median Rent
$99,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied, and both units have three bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 126 N Gaston Tyler, TX.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms and 2 bathrooms; 2,520 square feet of building area; Built in 2009
