Triplex Apartment
14151 County Road 192 Tyler, TX 75703
For Sale
$2,950,000
COMMERCIAL - Tyler, TX
Property Size17,065 SF
Lot Size1.80 Acres
Price / SF$172.87
Days on Market146
Property Features for 14151 County Road 192
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking features
Garage
Fencing
Fenced
Standard status
Active
Size
17,065 SF
Lot size
1.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See private remarks
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Building Details
Year built
2023
Number of units
12
Building materials
Brick
Listing Agency:
Keller Williams Realty-Tyler
(903) 534-6600
Listed By:
Haden Riggs
(903) 780-8006
Added: Mar 6
Changed: Jul 29
Last Checked: Jul 30 at 12:06AM
MLS# 26003182
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 residential income property includes four completed triplex buildings with 11 fully leased units. The current unit mix consists of two 4-bedroom, 2-bath units; six 3-bedroom, 2-bath units; and four 2-bedroom, 2-bath units. The offering is described as designed with modern layouts and attractive finishes, and it includes future expansion potential alongside current income.
The property is located in the Henshaw Creek Subdivision in Tyler, Texas, just off Old Jacksonville near Three Lakes Middle School. Residents have access to nearby walking and biking trails along with scenic ponds, adding to the overall day-to-day living environment.
With immediate occupancy and an income-producing configuration of fully leased units, this property is presented for sale as a turn-key multi-family investment with room to consider additional development opportunities.
The property is located in the Henshaw Creek Subdivision in Tyler, Texas, just off Old Jacksonville near Three Lakes Middle School. Residents have access to nearby walking and biking trails along with scenic ponds, adding to the overall day-to-day living environment.
With immediate occupancy and an income-producing configuration of fully leased units, this property is presented for sale as a turn-key multi-family investment with room to consider additional development opportunities.
Key Highlights
- Under construction multi‑family with four completed triplex buildings and 11 fully leased units
- Unit mix includes two 4 bed/2 bath units, six 3 bed/2 bath units, and four 2 bed/2 bath units
- Current rents range from $1,850 to $2,195 per unit
Financial Insights For Multifamily LT 5
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 | $235.5k | $13.80 |
| − Vacancy | −$15.3k | −$0.90 |
| EGI | $220.2k | $12.90 |
| − OpEx | −$66.1k | −$3.87 |
| NOI | $154.1k | $9.03 |
17,065 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Four completed triplex buildings with 11 fully leased units and future expansion potential on a residential income property.
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: Under construction multi‑family with four completed triplex buildings and 11 fully leased units; Unit mix includes two 4 bed/2 bath units, six 3 bed/2 bath units, and four 2 bed/2 bath units; Current rents range from $1,850 to $2,195 per unit
