One-Bedroom
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219 E Wells Street Apt C, Tyler, TX 75701
A 1935 residence with a compact layout sits near downtown Tyler.
Property Size450 SF
Price / SF$1.54
Days on Market7
Property Features for 219 E Wells Street Apt C
General Information
Standard status
Active
Size
450 SF
Property subtype
Multi-Family
Building Details
Year Built
1935
Listing Agency:
Fathom Realty, LLC
Listed By:
Brad Newberry · License #0526613
(903) 780-8015
Source:
Newberryre
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 9:07PM
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 Fathom Realty, LLC
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Investment Insights
Based on property information with market context.
This apartment in Tyler’s Historic Azalea District has one bedroom, one bathroom, and 450 square feet of living space. The building dates to 1935.
Key Highlights
- 450‑square‑foot apartment
- One bedroom and one bathroom
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,809
Suggested Prices Based on Cap Rates
Cap Rate 5%
$76,180
$76.2K
Cap Rate 7%
$54,414
$54.4K
Cap Rate 9%
$42,322
$42.3K
Market Conditions
NOI Build-Up for 450 SF
Gross rent
$7.3K $16.20/SF
− Vacancy
−$365 −$0.81/SF
EGI
$6.9K $15.39/SF
− OpEx
−$3.1K −$6.93/SF
NOI
$3.8K $8.46/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$76,180
Cap Rate 7%
$54,414
Cap Rate 9%
$42,322
Alternative Uses
Best Use
Apartment 5plus
$54.4K
$47.6K – $63.5K
NOI $3,809 @ 7.0% cap · market cap 548.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$100.4K
$87.9K – $117.2K
NOI $7,031 @ 7.0% cap · market cap 1,011.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 75701, TX
34,502
Population
14,630
Households
2.4
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
14.1 sq mi
ZIP Area
2,447
Density / Sq Mi
$62,091
Median Household Income
$29,448
Median Earnings
$1,250
Median Rent
$190,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A 1935 residence with a compact layout sits near downtown Tyler.
Where is this residential income property located?
The property is located at 219 E Wells Street Apt C Tyler, TX.
What are key features of this property?
This property features: 450‑square‑foot apartment; One bedroom and one bathroom; Built in 1935
