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    Van, TX Multi-Family Investment Title is generated by Realmo AI

    249-253 N Pecan St, Van, TX 75790

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    Claim this Listing
    New
    For Sale
    $155,000

    MULTI_FAMILY - Van, TX

    Added:
    May 22, 2026
    Days on Market:
    5
    Last Refresh:
    May 26 at 9:06 pm

    Property Features for 249-253 N Pecan St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Living Room
    Parking features
    Carport
    Interior features
    Shades/Blinds, Vinyl Flooring
    Exterior features
    Fence Wood, Fence Partial
    Fencing
    Partial, Fenced
    Appliances
    Electric Range/Oven, Refrigerator
    Standard status
    Active

    Utilities

    Utilities
    Cable Available
    Heating system
    Space Heater, Wall Furnace
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1953
    Floors in Building
    1
    Number of units
    2

    We can help!

    Listing Contact
    Jenny Lynn McCorkle

    Listing agent Jenny Lynn McCorkle

    Listing office Texas Premier Realty 3834 DEERFIELD DRIVE, San Antonio, TX

    Listing date May 22, 2026

    MLS# 20263780 Listing URL

    Copyright © 2026 Longview Area 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.

    HighLights

    • Two neighboring properties offer flexibility for rental income, multi‑family living, or live‑in/rent‑out options.
    • Immediate income potential with both properties currently rented or soon to be rented month‑to‑month.
    • Low‑maintenance properties with recent updates including fresh paint, new flooring, updated fixtures, modern lighting and remodeled bathroom in one unit.
    • Convenient location directly across from J.E. Rhodes Elementary and 26 miles from Tyler.
    • Affordable investment opportunity with low overhead.
    • One property features covered parking.

    Overview

    Located in Van, Texas, these two neighboring properties present an opportunity for rental investment or multi-family living. Situated directly across from J.E. Rhodes Elementary and 26 miles northwest of Tyler, the properties offer flexibility and income potential. 249 Pecan is a studio-style home featuring 1 full bath, a functional kitchen, and 478 square feet of updated space. Improvements include fresh paint, new flooring, updated fixtures, modern lighting and a remodeled bathroom. It is soon to be rented month-to-month. 253 Pecan is a 678 square foot home with 1 bedroom, 1 bath, a kitchen, and an open living/dining area, currently leased month-to-month. It also features covered parking. These properties offer versatility and value for investors or those seeking a live-in-one/rent-the-other opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Van
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.634384
    Latitude
    32.526699

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    FAQs

    What type of property is this?
    Duplex - Two properties offer rental income potential in Van, TX.
    Where is this duplex located?
    The property is located at 249-253 N Pecan St Van, TX.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: Two neighboring properties offer flexibility for rental income, multi‑family living, or live‑in/rent‑out options.; Immediate income potential with both properties currently rented or soon to be rented month‑to‑month.; Low‑maintenance properties with recent updates including fresh paint, new flooring, updated fixtures, modern lighting and remodeled bathroom in one unit.
    (903) 253-4456
    We can help!
    Listing Contact
    Jenny Lynn McCorkle
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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