Three-Unit Triplex
New
For Sale
$2,950,000
14151 County Road 192, Tyler, TX 75703
Each residence has an open floor plan, central electric air conditioning, and an attached garage.
Property Size17,065 SF
Days on Market3
Property Features for 14151 County Road 192
General Information
Standard status
Active
Size
17,065 SF
Total Parking Spaces
24
Property subtype
Residential Income
Net Operating Income
$189,178
Amenities
Central Air, Electric
Central, Electric
Dishwasher, Gas Range, Microwave, Refrigerator
Open Floorplan
Back Yard, Fenced
Concrete, Driveway, Garage, Attached
Building Details
Building Size
17,065 SF
Year Built
2023
Buildings
4
Listing Agency:
Keller Williams Realty Tyler
Listed By:
Kayla Riggs · License #718668
(903) 262-4248
Source:
Evrealestate
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 6:19PM
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
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Investment Insights
Based on property information with market context.
Built in 2023, this triplex property includes three residential units. Each features an open floor plan and central air conditioning with electric service. Kitchens are equipped with a dishwasher, gas range, and microwave; a refrigerator is also included.
The exterior offers fenced back yards, concrete driveways, and attached garages. The property is in Smith County, with access described via I-20, Hwy 155, Taylor Road, and Old Noonday Road.
The exterior offers fenced back yards, concrete driveways, and attached garages. The property is in Smith County, with access described via I-20, Hwy 155, Taylor Road, and Old Noonday Road.
Key Highlights
- Three residential units
- Built in 2023
- Open floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,133
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,082,660
$3.1M
Cap Rate 7%
$2,201,900
$2.2M
Cap Rate 9%
$1,712,589
$1.7M
Market Conditions
NOI Build-Up for 17,065 SF
Gross rent
$235.5K $13.80/SF
− Vacancy
−$15.3K −$0.90/SF
EGI
$220.2K $12.90/SF
− OpEx
−$66.1K −$3.87/SF
NOI
$154.1K $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%
$3,082,660
Cap Rate 7%
$2,201,900
Cap Rate 9%
$1,712,589
Alternative Uses
Best Use
Multifamily LT 5
$2.20M
$1.93M – $2.57M
NOI $154,133 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$2.06M
$1.81M – $2.41M
NOI $144,447 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,619 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
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Business Placement
Demographics for 75703, TX
44,428
Population
20,045
Households
2.2
Avg Household Size
39
Median Age
43%
College-Educated
96%
High-School Grad
55.1 sq mi
ZIP Area
806
Density / Sq Mi
$76,347
Median Household Income
$45,301
Median Earnings
$1,262
Median Rent
$310,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has an open floor plan, central electric air conditioning, and an attached garage.
Where is this triplex located?
The property is located at 14151 County Road 192 Tyler, TX.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Three residential units; Built in 2023; Open floor plans
