2023 Duplex with Private
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 Market32
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:
Keller Williams Realty-Tyler
Listed By:
Dwell Realty
(903) 574-2888
Source:
Dwell
Added: Sep 22
Changed: Oct 21
Last Checked: Oct 20 at 8:07PM
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
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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 / Yr
$22,942
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
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
