Rehab Duplex
2924 Carter Boulevard West Tyler, TX 75702
For Sale
$100,000
Small duplex features a 1-bed, 1-bath layout on each side and is offered as-is for rehab.
Property Size864 SF
Price / SF$115.74
Days on Market105
Property Features for 2924 Carter Boulevard West
General Information
- Standard status
- Active
- Size
- 864 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1938
Listing Agency:
Aspire Investments LLC
(817) 666-3336
Listed By:
Sherry Patterson · License #0663367
(817) 666-3336
Source:
Compass
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 1:45PM
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 Aspire Investments LLC
Investment Insights
Based on property information with market context.
This small duplex consists of two mirrored units, each with one bedroom and one bathroom. The property is being sold as-is and described as needing work, making it well-suited for a renovation project.
The duplex is currently set up with one side leased at $550, while the other side is available in its current condition. The layout also offers the option to convert the property back into a single-family home, depending on renovation scope.
Overall, it presents a straightforward income-and-rehab configuration with an existing duplex floorplan and room for updates to meet the next use case.
The duplex is currently set up with one side leased at $550, while the other side is available in its current condition. The layout also offers the option to convert the property back into a single-family home, depending on renovation scope.
Overall, it presents a straightforward income-and-rehab configuration with an existing duplex floorplan and room for updates to meet the next use case.
Key Highlights
- Small 2‑unit duplex with 1 bed and 1 bath on each side
- Currently one unit is leased for $550; property has 2 units total
- Built in 1938; one‑story structure with composition roof and siding exterior
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 | $11.9k | $13.80 |
| − Vacancy | −$775 | −$0.90 |
| EGI | $11.1k | $12.90 |
| − OpEx | −$3.3k | −$3.87 |
| NOI | $7.8k | $9.03 |
864 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$111.5K
$97.6K – $130.1K
NOI $7,804 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$104.5K
$91.4K – $121.9K
NOI $7,313 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$192.8K
$168.7K – $225.0K
NOI $13,499 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Small duplex features a 1-bed, 1-bath layout on each side and is offered as-is for rehab.
Where is this duplex located?
The property is located at 2924 Carter Boulevard West Tyler, TX.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Small 2‑unit duplex with 1 bed and 1 bath on each side; Currently one unit is leased for $550; property has 2 units total; Built in 1938; one‑story structure with composition roof and siding exterior
