2023 Duplex with Private
New
For Sale
$365,000
2118 W Jackson, Tyler, TX 75702
Two residential units feature open layouts, equipped kitchens, separated bedrooms, and individually fenced outdoor areas.
Property Size2,540 SF
Price / SF$143.70
Days on Market3
Property Features for 2118 W Jackson
General Information
Standard status
Active
Size
2,540 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
laundry room
private backyard
Building Details
Year Built
2023
Listing Agency:
Interlink Real Estate Services
Listed By:
Dwell Realty
(903) 574-2888
Source:
Dwell
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 24 at 9:42AM
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 Interlink Real Estate Services
Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains 2,540 square feet arranged across two residential units. Both sides feature open-concept living areas and kitchens equipped with appliances, including refrigerators. Bedroom placement away from the main living spaces creates separation within each unit, while laundry rooms are positioned for convenient access from the bedrooms.
Each unit also includes its own private backyard enclosed by a wood fence. The property is located at 2118 W Jackson in Tyler, Texas, providing a recently constructed duplex configuration with defined indoor and outdoor areas for each residence.
Each unit also includes its own private backyard enclosed by a wood fence. The property is located at 2118 W Jackson in Tyler, Texas, providing a recently constructed duplex configuration with defined indoor and outdoor areas for each residence.
Key Highlights
- 2023 construction with 2,540 square feet
- Duplex layout with two separate residential sides
- Open‑concept floor plans with equipped kitchens and refrigerators
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
$22,942
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
6.29%
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%
$458,840
$458.8K
Cap Rate 7%
$327,743
$327.7K
Cap Rate 9%
$254,911
$254.9K
Market Conditions
NOI Build-Up for 2,540 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
$35.1K $13.80/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$32.8K $12.90/SF
− OpEx
−$9.8K −$3.87/SF
NOI
$22.9K $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%
$458,840
Cap Rate 7%
$327,743
Cap Rate 9%
$254,911
Alternative Uses
Best Use
Multifamily LT 5
$327.7K
$286.8K – $382.4K
NOI $22,942 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$307.1K
$268.8K – $358.3K
NOI $21,500 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$566.9K
$496.1K – $661.4K
NOI $39,684 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 75702, TX
26,777
Population
10,273
Households
2.6
Avg Household Size
32
Median Age
8%
College-Educated
72%
High-School Grad
14.1 sq mi
ZIP Area
1,899
Density / Sq Mi
$51,177
Median Household Income
$30,399
Median Earnings
$906
Median Rent
$99,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature open layouts, equipped kitchens, separated bedrooms, and individually fenced outdoor areas.
Where is this duplex located?
The property is located at 2118 W Jackson Tyler, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2023 construction with 2,540 square feet; Duplex layout with two separate residential sides; Open‑concept floor plans with equipped kitchens and refrigerators
