Duplex with Covered
16063 Shoshone Dr, Tyler, TX 75703
For Sale
New
Contact for pricing
A fitted kitchen, central heating and air, and full-size washer and dryer connections support everyday residential use.
Property Size1,100 SF
Price / SF$1.14
Days on Market6
Property Features for 16063 Shoshone Dr
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Amenities
storage room
central H/A
granite countertops
blinds
ceiling fans
W/D connections
stove/oven
dishwasher
Building Details
Year Built
Listing Agency:
Waller Realty
Listed By:
Brad Newberry · License TX #0526613
(903) 780-8015
Source:
Newberryre
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 12 at 7:58AM
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 Waller Realty
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Investment Insights
Based on property information with market context.
This duplex contains 1,100 square feet and was built in 1983. The described layout includes two bedrooms and one bathroom, along with a combined living and dining area. Kitchen features include a stove, oven, dishwasher, and granite countertops; the residence also has blinds, ceiling fans, central heating and air, and full-size washer and dryer connections. A storage room and two parking spaces—one covered and one uncovered—are part of the property.
Key Highlights
- Duplex with a two‑bedroom, one‑bath layout
- 1,100 square feet; built in 1983
- Kitchen includes a stove, oven, dishwasher, and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,311
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,220
$186.2K
Cap Rate 7%
$133,014
$133.0K
Cap Rate 9%
$103,456
$103.5K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$17.8K $16.20/SF
− Vacancy
−$891 −$0.81/SF
EGI
$16.9K $15.39/SF
− OpEx
−$7.6K −$6.93/SF
NOI
$9.3K $8.46/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,220
Cap Rate 7%
$133,014
Cap Rate 9%
$103,456
Alternative Uses
Best Use
Apartment 5plus
$133.0K
$116.4K – $155.2K
NOI $9,311 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$245.5K
$214.8K – $286.4K
NOI $17,186 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
118
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
$310,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Tyler, TX
Properties on Market for Residential income properties in Tyler
Frequently Asked Questions
What type of property is this?
Residential income property - A fitted kitchen, central heating and air, and full-size washer and dryer connections support everyday residential use.
Where is this residential income property located?
The property is located at 16063 Shoshone Dr Tyler, TX.
What are key features of this property?
This property features: Duplex with a two‑bedroom, one‑bath layout; 1,100 square feet; built in 1983; Kitchen includes a stove, oven, dishwasher, and granite countertops
