Duplex with Private
1708 Timber View Dr, Tyler, TX 75703
For Sale
$400,000
Both residences include three bedrooms, two bathrooms and an attached garage with direct access to the interior.
Property Size3,210 SF
Price / SF$124.61
Days on Market26
Property Features for 1708 Timber View Dr
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Financials
Gross Income
Average Monthly Rent
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
fireplace
private fenced backyard
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Keller Williams Realty-Tyler
Listed By:
Markie Severtson · License TX #0835380
(760) 483-0110
Source:
Realestatestation
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 6:45AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2009, this Tyler duplex contains 3,210 square feet across two residences of 1,605 square feet each. Both layouts include three bedrooms, two bathrooms, a downstairs primary suite, a fireplace and an attached garage with direct interior access. Each residence also has a private fenced backyard. Flooring differs between the units: one has luxury vinyl plank, while the other has tile. Utilities are separately metered, and the property has no HOA.
The property is approximately 4 miles from the University of Texas at Tyler. Shopping, dining, medical facilities and major employment centers are also described as accessible from the residential setting.
One unit is leased and the other is vacant. The two-residence configuration provides separate living spaces, garages and yards within a single duplex property.
The property is approximately 4 miles from the University of Texas at Tyler. Shopping, dining, medical facilities and major employment centers are also described as accessible from the residential setting.
One unit is leased and the other is vacant. The two-residence configuration provides separate living spaces, garages and yards within a single duplex property.
Key Highlights
- Two residences, each with 1,605 square feet; 3,210 square feet total
- Each unit has 3 bedrooms, 2 bathrooms and a downstairs primary suite
- Attached garages provide direct interior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,993
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,860
$579.9K
Cap Rate 7%
$414,186
$414.2K
Cap Rate 9%
$322,144
$322.1K
Market Conditions
NOI Build-Up for 3,210 SF
Gross rent
$44.3K $13.80/SF
− Vacancy
−$2.9K −$0.90/SF
EGI
$41.4K $12.90/SF
− OpEx
−$12.4K −$3.87/SF
NOI
$29.0K $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%
$579,860
Cap Rate 7%
$414,186
Cap Rate 9%
$322,144
Alternative Uses
Best Use
Multifamily LT 5
$414.2K
$362.4K – $483.2K
NOI $28,993 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$388.2K
$339.6K – $452.9K
NOI $27,171 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$716.5K
$626.9K – $835.9K
NOI $50,152 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
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
$310,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Tyler, TX
Properties on Market for Duplexes in Tyler
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include three bedrooms, two bathrooms and an attached garage with direct access to the interior.
Where is this duplex located?
The property is located at 1708 Timber View Dr Tyler, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two residences, each with 1,605 square feet; 3,210 square feet total; Each unit has 3 bedrooms, 2 bathrooms and a downstairs primary suite; Attached garages provide direct interior access
