Building Details

Tenancy Multi

Listing Agency: Drake Real Estate & Investments l***@draketexas.com Show Phone

Listed By: Matthew Marshall · License #TX 75703

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 10:26AM

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Investment Insights

Based on property information with market context.

This offering is a 15-unit multifamily property positioned as a value-add opportunity, with 100% occupancy reported in the listing remarks. The property is presented as a residential income asset for purchase.

The building is located off of Hwy 271, between The University of Texas Health Center and Owentown Industrial Park. The seller has indicated the property is fully leased, and additional details are available by contacting the broker.

Key Highlights

• 15‑unit multifamily property offered fully leased (100% leased)
• Located off Hwy 271 between The University of Texas Health Center and Owentown Industrial Park

Property Analytics

Property Profile

Current Use

Chapman Hill Housing Association

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Auto Repair Shop Auto Parts Store Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

56

Businesses Nearby

Explore this area Business Placement

Demographics for 75708, TX

8,294

Population

3,585

Households

2.3

Avg Household Size

33

Median Age

8%

College-Educated

65%

High-School Grad

56.5 sq mi

ZIP Area

147

Density / Sq Mi

$81,500

Median Household Income

$37,087

Median Earnings

$865

Median Rent

$131,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Value-add 15-unit multifamily property offered fully leased and located off Hwy 271.

Where is this apartment building located?

The property is located at 12547 Chapman Rd Tyler, TX.

What are key features of this property?

This property features: 15‑unit multifamily property offered fully leased (100% leased); Located off Hwy 271 between The University of Texas Health Center and Owentown Industrial Park