Seven-Unit Multifamily
1502 E Earle Street Tyler, TX 75702
New
For Sale
$379,000
COMMERCIAL - Tyler, TX
Property Size2,268 SF
Lot Size0.28 Acres
Price / SF$167.11
Days on Market7
Property Features for 1502 E Earle Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
2,268 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
EARLE BLOCK 538 LOT 11
Tax Annual Amount
3281
Utilities
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public
Building Details
Year built
1915
Number of units
7
Building materials
Wood Siding
Listing Agency:
Better Homes & Gardens Real Estate I-20 Team
(903) 881-0500
Listed By:
Jeremey Bernard · License #0724140
(903) 376-4045
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 30 at 10:06AM
MLS# 26010273
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.
The property is a seven-unit multifamily income-producing building. Total building area is listed as 2,268 square feet, situated on a 0.28-acre lot.
The address is 1502 E Earle Street, Tyler, TX 75702 in Smith County.
This offering is presented as a long-term rental investment, with each unit described as providing comfortable living spaces for everyday convenience.
The address is 1502 E Earle Street, Tyler, TX 75702 in Smith County.
This offering is presented as a long-term rental investment, with each unit described as providing comfortable living spaces for everyday convenience.
Key Highlights
- 7‑unit income‑producing multi‑family property
- Built in 1915
- Construction materials include wood siding
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 | $36.7k | $16.20 |
| − Vacancy | −$1.8k | −$0.81 |
| EGI | $34.9k | $15.39 |
| − OpEx | −$15.7k | −$6.93 |
| NOI | $19.2k | $8.46 |
2,268 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$274.2K
$240.0K – $320.0K
NOI $19,197 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.2K
$442.9K – $590.6K
NOI $35,435 @ 7.0% cap · market cap 9.35%
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?
Apartment building - Income-producing seven-unit multifamily property for sale in Tyler, Texas.
Where is this apartment building located?
The property is located at 1502 E Earle Street Tyler, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 7‑unit income‑producing multi‑family property; Built in 1915; Construction materials include wood siding
