Four-Unit Duplex
For Sale
$605,000
2228 Aberdeen Drive Unit 2226, Tyler, TX 75703
Two neighboring buildings provide four residential units with three-bedroom layouts and two full baths.
Property Size6,040 SF
Price / SF$100.17
Days on Market197
Property Features for 2228 Aberdeen Drive Unit 2226
General Information
Standard status
Active
Size
6,040 SF
Total Parking Spaces
1
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Amenities
Central Air, Electric
Central, Fireplace(s)
Carpet
Dishwasher, Electric Range
Other
No
Composition
Two
2
Slab
Public Records
4
Brick
Building Details
Year Built
1976
Buildings
2
Listing Agency:
Leslie Cain Realty, LLC
Listed By:
Ken Sheppa · License #0701586
(903) 217-6168
Source:
Compass
Added: Apr 2
Changed: Oct 11
Last Checked: Oct 15 at 2:12AM
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
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Investment Insights
Based on property information with market context.
This property includes two adjacent duplex buildings totaling four residential units and 6,040 square feet. Each unit offers 3 bedrooms, 2 full bathrooms, and more than 1,500 square feet, with one bedroom and one full bathroom located on the main level. Interior features include central air, electric heating, fireplaces, dishwashers, and electric ranges. The buildings were constructed in 1976, and the 2226-2228 units have received new flooring and fresh paint.
The 2302-2304 units are occupied by long-term renters. The property is located near TJC, downtown Tyler, shopping, dining, and the medical district, placing everyday services and employment-related destinations within a short drive.
The 2302-2304 units are occupied by long-term renters. The property is located near TJC, downtown Tyler, shopping, dining, and the medical district, placing everyday services and employment-related destinations within a short drive.
Key Highlights
- Two neighboring duplex buildings with 4 total units
- Each unit includes 3 bedrooms, 2 full bathrooms, and more than 1,500 square feet
- Combined property size of 6,040 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,554
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,080
$1.1M
Cap Rate 7%
$779,343
$779.3K
Cap Rate 9%
$606,156
$606.2K
Market Conditions
NOI Build-Up for 6,040 SF
Gross rent
$83.4K $13.80/SF
− Vacancy
−$5.4K −$0.90/SF
EGI
$77.9K $12.90/SF
− OpEx
−$23.4K −$3.87/SF
NOI
$54.6K $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%
$1,091,080
Cap Rate 7%
$779,343
Cap Rate 9%
$606,156
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
Explore this area
Business Placement
Demographics for 75703, TX
44,428
Population
20,045
Households
2.2
Avg Household Size
39
Median Age
43%
College-Educated
96%
High-School Grad
55.1 sq mi
ZIP Area
806
Density / Sq Mi
$76,347
Median Household Income
$45,301
Median Earnings
$1,262
Median Rent
$310,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two neighboring buildings provide four residential units with three-bedroom layouts and two full baths.
Where is this duplex located?
The property is located at 2228 Aberdeen Drive Unit 2226 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 neighboring duplex buildings with 4 total units; Each unit includes 3 bedrooms, 2 full bathrooms, and more than 1,500 square feet; Combined property size of 6,040 square feet
