Two Duplexes Next to Each
2226-2302 Aberdeen Drive Tyler, TX 75703
2226-2302 Aberdeen Drive, Tyler, TX, 75703
$605,000
For Sale
$605,000
Four income-producing units across two adjacent duplexes, with one duplex recently updated and the other occupied by long-term renters.
Property Size6,040 SF
Price / SF$100.17
Days on Market82
Property Features for 2226-2302 Aberdeen Drive
General Information
- Standard status
- Active
- Size
- 6,040 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1976
Listing agency
Leslie Cain Realty, LLC
(903) 217-6168
Listed by
Ken Sheppa · License #0701586
Source
Compass
Added: May 2 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 11:08AM
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 Leslie Cain Realty, LLC
Investment Insights
Based on property information with market context.
This offering includes two duplex properties next to each other, providing a total of four income-producing units. Each duplex features two spacious units, and each unit is configured with three bedrooms and two full bathrooms. The layout includes a bedroom and a full bathroom on the main level, which can support a broader range of tenants and day-to-day living needs. Unit sizes are described as over 1,500 square feet, and one duplex at 2226/2228 has been updated with new flooring and fresh paint.
The properties are located in Tyler, Texas, and are described as being just minutes from TJC, downtown Tyler, shopping, dining, and the medical district. This convenience-focused setting may be appealing to tenants who want shorter commutes and access to everyday needs.
For investors and owner-occupiers, the combination of four units and an updated duplex presents a practical way to diversify rental housing within a single acquisition. The duplex at 2302/2304 is currently occupied by long-term renters, while 2226/2228 has received interior updates, supporting an easier transition for new ownership or ongoing portfolio management. This structure can also fit a 1031 exchange strategy for qualified buyers.
The properties are located in Tyler, Texas, and are described as being just minutes from TJC, downtown Tyler, shopping, dining, and the medical district. This convenience-focused setting may be appealing to tenants who want shorter commutes and access to everyday needs.
For investors and owner-occupiers, the combination of four units and an updated duplex presents a practical way to diversify rental housing within a single acquisition. The duplex at 2302/2304 is currently occupied by long-term renters, while 2226/2228 has received interior updates, supporting an easier transition for new ownership or ongoing portfolio management. This structure can also fit a 1031 exchange strategy for qualified buyers.
Key Highlights
- Two adjacent duplexes offering 4 income‑producing units total
- Each duplex has two units with 3 bedrooms and 2 full bathrooms
- Each unit offers over 1,500 SF of living space, with a bedroom and full bathroom on the main level
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.4k | $13.80 |
| − Vacancy | −$5.4k | −$0.90 |
| EGI | $77.9k | $12.90 |
| − OpEx | −$23.4k | −$3.87 |
| NOI | $54.6k | $9.03 |
6,040 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$779.3K
$681.9K – $909.2K
NOI $54,554 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$730.4K
$639.1K – $852.1K
NOI $51,126 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,367 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Four income-producing units across two adjacent duplexes, with one duplex recently updated and the other occupied by long-term renters.
Where is this duplex located?
The property is located at 2226-2302 Aberdeen Drive Tyler, TX.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Two adjacent duplexes offering 4 income‑producing units total; Each duplex has two units with 3 bedrooms and 2 full bathrooms; Each unit offers over 1,500 SF of living space, with a bedroom and full bathroom on the main level
