Newer Duplex with Private
For Sale
$365,000
2118 W Jackson, Tyler, TX 75702
Residential Income, Tyler, TX
Property Size2,540 SF
Price / SF$143.70
Days on Market19
Property Features for 2118 W Jackson
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Electric Range, Free-Standing Range, Dishwasher, Disposal, Microwave, Refrigerator
Subdivision
ACADEMY HEIGHTS
Elementary school
Peete
Middle school
Three Lakes
High school
Tyler Legacy
Directions
Follow Loop 323W around past Earl Campbell Parkway. Turn right on Roberson (by Rudy's BBQ). Go approx. 1.2 miles and turn left on W. Jackson St. Property on the right.
Standard status
Active
Size
2,540 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
ACADEMY HEIGHTS BLOCK 582LOT 6 AKA LOT 6 BLOCK 8
Legal Description
ACADEMY HEIGHTS BLOCK 582LOT 6 AKA LOT 6 BLOCK 8
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
private backyard
laundry room
Building Details
Year built
2023
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Listing Agency:
RE/MAX Tyler · RE/MAX International
(903) 581-7117
Listed By:
Kelly Solomon · License #0472250
(903) 530-7696
Added: Sep 3
Changed: Sep 21
Last Checked: Sep 21 at 10:06PM
MLS# 26013018
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 2023, this 2,540-square-foot duplex features an open interior arrangement with bedrooms positioned apart from the main living area. Each residence includes a kitchen equipped with an electric range, dishwasher, disposal, microwave, and refrigerator, along with a dedicated laundry room serving the bedroom areas. Vinyl flooring, brick construction, central heating, and central electric air conditioning are also provided.
Both sides offer a private wood-fenced backyard. The property is located at 2118 W Jackson in Tyler, Texas, with public water and public sewer service.
Both sides offer a private wood-fenced backyard. The property is located at 2118 W Jackson in Tyler, Texas, with public water and public sewer service.
Key Highlights
- 2,540‑square‑foot duplex completed in 2023
- Private wood‑fenced backyard for each side
- Open‑concept interiors with separated bedroom areas
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
Check the figures for this property
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-unit residential property with separated bedrooms, central HVAC, and fenced outdoor space for each residence.
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: 2,540‑square‑foot duplex completed in 2023; Private wood‑fenced backyard for each side; Open‑concept interiors with separated bedroom areas
