Tyler Duplex: Turnkey Investment
For Sale
$349,900
2103 Easy Street, Tyler, TX 75703
Fully occupied duplex in Tyler with immediate income potential.
Property Size3,147 SF
Price / SF$111.19
Days on Market182
Property Features for 2103 Easy Street
General Information
Standard status
Active
Size
3,147 SF
Property subtype
Duplex
Amenities
Fireplace
Central Air
Central
Gas
Natural Gas
Ceiling Fan(s)
Dishwasher
Electric Range
Disposal
Natural Gas Available, Sewer Available, Water Available, Composition
Building Details
Building Size
3,147 SF
Year Built
1975
Listing Agency:
Keller Williams Realty Tyler
(903) 262-4248
Listed By:
Kayla Riggs · License #718668
(903) 262-4248
Source:
Kw
Added: Feb 28
Changed: Aug 27
Last Checked: Aug 29 at 5:37PM
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
Investment Insights
Based on property information with market context.
This fully-occupied duplex in Tyler presents an investment opportunity with immediate income potential and a strong rental history. Each side of the duplex features approximately 1,573 square feet and a 3-bedroom, 2-bathroom layout. Both units offer spacious living areas and functional floor plans that include generous bedrooms, ample storage, and wide carports. The property is individually metered, with tenants responsible for their own utilities. The owner currently covers yard maintenance, taxes, and insurance. With both sides fully leased and a rent increase effective May 1, this is a turnkey investment opportunity. Positioned in a central location close to shopping, dining, schools, and major thoroughfares, this duplex combines location, layout, and consistent occupancy.
Key Highlights
- Fully occupied duplex offering immediate income.
- Strong rental history with rent increase effective May 1st.
- Each unit boasts a spacious 3‑bedroom, 2‑bathroom layout (approx. 1,573 sq ft).
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
$28,424
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
8.12%
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%
$568,480
$568.5K
Cap Rate 7%
$406,057
$406.1K
Cap Rate 9%
$315,822
$315.8K
Market Conditions
NOI Build-Up for 3,147 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
$43.4K $13.80/SF
− Vacancy
−$2.8K −$0.90/SF
EGI
$40.6K $12.90/SF
− OpEx
−$12.2K −$3.87/SF
NOI
$28.4K $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%
$568,480
Cap Rate 7%
$406,057
Cap Rate 9%
$315,822
Alternative Uses
Best Use
Multifamily LT 5
$406.1K
$355.3K – $473.7K
NOI $28,424 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$380.5K
$333.0K – $444.0K
NOI $26,638 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$702.4K
$614.6K – $819.5K
NOI $49,168 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
885
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex in Tyler with immediate income potential.
Where is this duplex located?
The property is located at 2103 Easy Street Tyler, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Fully occupied duplex offering immediate income.; Strong rental history with rent increase effective May 1st.; Each unit boasts a spacious 3‑bedroom, 2‑bathroom layout (approx. 1,573 sq ft).
