Income-Producing Multifamily
14151 County Road 192 Tyler, TX 75703
14151 County Road 192, Tyler, TX, 75703
$3,220,000
For Sale
$3,220,000
For sale multi-family asset with four leased triplex buildings totaling 11 units.
Property Size17,065 SF
Price / SF$188.69
Days on Market147
Property Features for 14151 County Road 192
General Information
- Standard status
- Active
- Size
- 17,065 SF
- Property subtype
- Multi-Family / Triplex
Building Details
- Year Built
- 2023
Listing agency
Keller Williams Realty-Tyler
(903) 262-4248
Listed by
Kayla Riggs · License #0718668
(903) 262-4248
Source
Compass
Added: Feb 25 Updated: Jul 22 at 5:43PM Checked: Jul 22 at 5:43PM
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 Keller Williams Realty-Tyler
Investment Insights
Based on property information with market context.
This income-producing multifamily property consists of four completed triplex buildings with 11 fully leased units. The unit mix includes two 4-bedroom, 2-bath units, six 3-bedroom, 2-bath units, and four 2-bedroom, 2-bath units, all with modern layouts and finishes.
The property is located in the Henshaw Creek Subdivision, just off Old Jacksonville near Three Lakes Middle School. The community provides access to walking and biking trails and scenic ponds for residents.
With all 11 units currently leased, the property offers established rental income and also highlights room for future expansion based on the offering’s stated development potential.
The property is located in the Henshaw Creek Subdivision, just off Old Jacksonville near Three Lakes Middle School. The community provides access to walking and biking trails and scenic ponds for residents.
With all 11 units currently leased, the property offers established rental income and also highlights room for future expansion based on the offering’s stated development potential.
Key Highlights
- Four completed triplex buildings totaling 12 units; 11 units currently fully leased
- Rental rates currently range from $1,850 to $2,195 per unit
- Unit mix: two 4BD/2BA units, six 3BD/2BA units, and four 2BD/2BA units
Local Financial Insights For Apartment 5plus
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 | $276.5k | $16.20 |
| − Vacancy | −$13.8k | −$0.81 |
| EGI | $262.6k | $15.39 |
| − OpEx | −$118.2k | −$6.93 |
| NOI | $144.4k | $8.46 |
17,065 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.06M
$1.81M – $2.41M
NOI $144,447 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,619 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - For sale multi-family asset with four leased triplex buildings totaling 11 units.
Where is this apartment building located?
The property is located at 14151 County Road 192 Tyler, TX.
What is the asking price?
The asking price for this property is $3,220,000.
What are key features of this property?
This property features: Four completed triplex buildings totaling 12 units; 11 units currently fully leased; Rental rates currently range from $1,850 to $2,195 per unit; Unit mix: two 4BD/2BA units, six 3BD/2BA units, and four 2BD/2BA units
