Multifamily Property with
For Sale
$1,650,000
Pending
13597 County Road 35, Tyler, TX 75706
Eight occupied rental units accompany a three-bedroom home on a wooded property with a pond.
Property Size9,056 SF
Lot Size36.00 Acres
Days on Market15
Property Features for 13597 County Road 35
General Information
Standard status
Pending
Size
9,056 SF
Lot size
36.00 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
9
Tenant in Place
Yes
Amenities
hot tub
built-in Catio
deck
fenced backyard
laundry room with coin op washing machines
Concrete,Luxury Vinyl Plank
9
10
Combo
100
11
Window Coverings
Decorative Lighting,Open Floorplan,Walk-In Closet(s)
Back Yard,Fenced,Wire
10 to < 50 Acres
Slab
Yes
Acreage,Interior Lot,Landscaped,Many Trees,Tank/ Pond
36.6800
3
Acres
Other
Additional Parking,Carport,Detached Carport
Rain Gutters,Lighting,RV Hookup,Storage
9056.00
Creek,Lake Front
1597780.8000
Covered
Building Details
Building Size
9,056 SF
Year Built
2021
Tenancy
Multi
Listing Agency:
Taylor Realty Associates - DFW
(817) 402-2342
Listed By:
Tiffany McDonald
Source:
Focusonhomesrealty
Added: Oct 20
Changed: Oct 28
Last Checked: Nov 3 at 7:02AM
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 Taylor Realty Associates - DFW
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Investment Insights
Based on property information with market context.
The 36.68-acre property includes eight occupied rental units and a three-bedroom, two-bathroom home measuring 3,200 square feet. The home has an open main living area with 20-foot ceilings, a galley kitchen, walk-in pantry, separate laundry room, office, and a primary suite with an oversized sitting room. Exterior features include metal siding, a metal roof, fenced backyard, composite decking, hot tub, and built-in catio. Two additional outdoor spaces are also on the property.
A coin-operated laundry room serves the rental units. Tenancies are month-to-month, and management currently covers water, lawn maintenance, trash service, and septic maintenance as part of rent.
A coin-operated laundry room serves the rental units. Tenancies are month-to-month, and management currently covers water, lawn maintenance, trash service, and septic maintenance as part of rent.
Key Highlights
- 36.68 acres with 8 occupied rental units
- 3,200‑square‑foot home with 3 bedrooms and 2 bathrooms
- Main living area features 20‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,655
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,533,100
$1.5M
Cap Rate 7%
$1,095,071
$1.1M
Cap Rate 9%
$851,722
$851.7K
Market Conditions
NOI Build-Up for 9,056 SF
Gross rent
$146.7K $16.20/SF
− Vacancy
−$7.3K −$0.81/SF
EGI
$139.4K $15.39/SF
− OpEx
−$62.7K −$6.93/SF
NOI
$76.7K $8.46/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,533,100
Cap Rate 7%
$1,095,071
Cap Rate 9%
$851,722
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$958.2K – $1.28M
NOI $76,655 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,488 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
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Business Placement
Demographics for 75706, TX
10,313
Population
4,332
Households
2.4
Avg Household Size
34
Median Age
10%
College-Educated
81%
High-School Grad
75.6 sq mi
ZIP Area
136
Density / Sq Mi
$57,845
Median Household Income
$32,886
Median Earnings
$941
Median Rent
$125,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Eight occupied rental units accompany a three-bedroom home on a wooded property with a pond.
Where is this multifamily property located?
The property is located at 13597 County Road 35 Tyler, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 36.68 acres with 8 occupied rental units; 3,200‑square‑foot home with 3 bedrooms and 2 bathrooms; Main living area features 20‑foot ceilings
