New Construction
For Sale
$349,900
13937 CR 45, Tyler, TX 75704
Residential Income, Tyler, TX
Property Size2,280 SF
Lot Size0.50 Acres
Price / SF$153.46
Days on Market59
Property Features for 13937 CR 45
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Interior features
Ceiling Fan
Exterior features
Rain Gutters
Appliances
Electric Range, Dishwasher, Microwave
Subdivision
G Bass
Elementary school
Orr
Middle school
Boulter
High school
Tyler High
Directions
From downtown Tyler, follow 31 W to Loop 323. Turn Left onto Hwy 110 and turn Left onto 45. The Property will be on the Left
Standard status
Active
Size
2,280 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Tract 12A.2 ABST A0066 G Bass
Legal Description
Tract 12A.2 ABST A0066 G Bass
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Amenities
covered front porch
rear patio
fully fenced backyard
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Aluminum
Listing Agency:
Maya Properties
(903) 944-7959
Listed By:
Erika Gonzalez · License #0661607
(903) 571-9313
Added: Jun 26
Changed: Aug 21
Last Checked: Aug 23 at 12:06PM
MLS# 26008922
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 duplex is under construction and contains 2,280 square feet across two matching residences. Each side includes 2 bedrooms, 2 full bathrooms, and an open living and dining arrangement. Kitchens are equipped with an electric range, dishwasher, and microwave, while utility closets accommodate a full-size washer and dryer. Concrete flooring, central heating, electric cooling, ceiling fans, and public water and sewer support everyday functionality. Metal siding and an aluminum roof complete the exterior.
Both residences include a covered front porch, rear patio, and fully fenced backyard. The structure currently occupies 3+ acres, with approximately 1/2 acre expected to convey after subdivision before closing. Additional acreage is available separately. The property is located less than 15 minutes from Tyler and Lindale.
Both residences include a covered front porch, rear patio, and fully fenced backyard. The structure currently occupies 3+ acres, with approximately 1/2 acre expected to convey after subdivision before closing. Additional acreage is available separately. The property is located less than 15 minutes from Tyler and Lindale.
Key Highlights
- 2,280‑square‑foot duplex with two matching residences
- Each side has 2 bedrooms and 2 full bathrooms
- Electric range, dishwasher, and microwave included in each kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,593
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$411,860
$411.9K
Cap Rate 7%
$294,186
$294.2K
Cap Rate 9%
$228,811
$228.8K
Market Conditions
NOI Build-Up for 2,280 SF
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.
Gross rent
$31.5K $13.80/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$29.4K $12.90/SF
− OpEx
−$8.8K −$3.87/SF
NOI
$20.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$411,860
Cap Rate 7%
$294,186
Cap Rate 9%
$228,811
Alternative Uses
Best Use
Multifamily LT 5
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$275.7K
$241.2K – $321.7K
NOI $19,299 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$508.9K
$445.3K – $593.7K
NOI $35,622 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 75704, TX
10,075
Population
4,325
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
77%
High-School Grad
66.8 sq mi
ZIP Area
151
Density / Sq Mi
$52,892
Median Household Income
$32,327
Median Earnings
$1,185
Median Rent
$136,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer private outdoor areas, equipped kitchens, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 13937 CR 45 Tyler, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,280‑square‑foot duplex with two matching residences; Each side has 2 bedrooms and 2 full bathrooms; Electric range, dishwasher, and microwave included in each kitchen
