Brick Duplex with
For Sale
$340,000
Pending
20071 Hwy 69 S, Tyler, TX 75703
Residential Income, Tyler, TX
Property Size2,890 SF
Days on Market46
Property Features for 20071 Hwy 69 S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage
Fireplace
1
Subdivision
The Colony
Elementary school
Whitehouse - Stanton-Smith
Middle school
Whitehouse
High school
Whitehouse
Directions
From the intersection of FM 346 and Hwy 69, head south on Hwy 69 and U turn at New England Rd/CR 146 to head N on Hwy 69. Take first right, duplex is on the right
Standard status
Pending
Size
2,890 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
THE COLONY BLOCK 1 LOT 65V
Tax Annual Amount
6581
Legal Description
THE COLONY BLOCK 1 LOT 65V
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Amenities
privacy fenced yard
Building Details
Year built
2002
Number of units
2
Flooring type
Tile - Ceramic, Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
Wright-Way
(903) 561-5191
Listed By:
Amber Wright · License #0784483
(903) 780-1705
Added: Jul 16
Changed: Aug 26
Last Checked: Aug 30 at 1:06AM
MLS# 26009910
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.
Built in 2002, this 2,890-square-foot brick duplex includes two residential sides, each with a three-bedroom, two-bathroom layout. Both residences have an enclosed two-car garage and a privacy-fenced yard. Interior finishes include ceramic tile and carpet, while central heating and electric central air conditioning support year-round comfort. Each side also includes a fireplace.
The property is located at 20071 Hwy 69 S in Tyler, Texas. Public sewer serves the property, and the roof is composition. The duplex is fully occupied by long-term tenants, providing an established residential income profile.
The property is located at 20071 Hwy 69 S in Tyler, Texas. Public sewer serves the property, and the roof is composition. The duplex is fully occupied by long-term tenants, providing an established residential income profile.
Key Highlights
- 2,890‑square‑foot duplex built in 2002
- Two three‑bedroom, two‑bathroom residences
- Each side includes an enclosed 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,103
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,060
$522.1K
Cap Rate 7%
$372,900
$372.9K
Cap Rate 9%
$290,033
$290.0K
Market Conditions
NOI Build-Up for 2,890 SF
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.
Gross rent
$39.9K $13.80/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$37.3K $12.90/SF
− OpEx
−$11.2K −$3.87/SF
NOI
$26.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,060
Cap Rate 7%
$372,900
Cap Rate 9%
$290,033
Alternative Uses
Best Use
Multifamily LT 5
$372.9K
$326.3K – $435.1K
NOI $26,103 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$349.5K
$305.8K – $407.7K
NOI $24,462 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$645.0K
$564.4K – $752.6K
NOI $45,153 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
37
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied property with separate enclosed garages and privacy-fenced yards for both residences.
Where is this duplex located?
The property is located at 20071 Hwy 69 S Tyler, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 2,890‑square‑foot duplex built in 2002; Two three‑bedroom, two‑bathroom residences; Each side includes an enclosed 2‑car garage
