New
For Sale
$439,000
1431/1423 E Houston, Tyler, TX 75702
Two separate residences provide a flexible configuration for owner occupancy or rental use.
Property Size2,496 SF
Price / SF$175.88
Days on Market6
Property Features for 1431/1423 E Houston
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,265
Listing Agency:
The Property Shoppe - eXp Realty, LLC
(903) 561-2200
Listed By:
Kevin Stansbury · License #0797092
(430) 435-7872
Source:
Exprealty
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 7 at 5:21PM
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 The Property Shoppe - eXp Realty, LLC
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each with 3 bedrooms, 2 bathrooms, and approximately 1,248 square feet of living area. Combined living space totals approximately 2,496 square feet, and both units are described as move-in ready. The property sits on nearly half an acre in Tyler, near the city's medical district, shopping, dining, schools, and other amenities.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Approximately 1,248 square feet per unit; 2,496 square feet combined
- Nearly half an acre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,544
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,880
$450.9K
Cap Rate 7%
$322,057
$322.1K
Cap Rate 9%
$250,489
$250.5K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$34.4K $13.80/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$32.2K $12.90/SF
− OpEx
−$9.7K −$3.87/SF
NOI
$22.5K $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%
$450,880
Cap Rate 7%
$322,057
Cap Rate 9%
$250,489
Alternative Uses
Best Use
Multifamily LT 5
$322.1K
$281.8K – $375.7K
NOI $22,544 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$301.8K
$264.1K – $352.1K
NOI $21,127 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$557.1K
$487.5K – $650.0K
NOI $38,997 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 75702, TX
26,777
Population
10,273
Households
2.6
Avg Household Size
32
Median Age
8%
College-Educated
72%
High-School Grad
14.1 sq mi
ZIP Area
1,899
Density / Sq Mi
$51,177
Median Household Income
$30,399
Median Earnings
$906
Median Rent
$99,700
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 separate residences provide a flexible configuration for owner occupancy or rental use.
Where is this duplex located?
The property is located at 1431/1423 E Houston Tyler, TX.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; Approximately 1,248 square feet per unit; 2,496 square feet combined; Nearly half an acre
