Well-Maintained Duplex With
303-309 Princess Place Tyler, TX 75704
303-309 Princess Place, Tyler, TX, 75704
$450,000
For Sale
$450,000
Brick-and-stone duplex features private driveways and individual garage spaces with separate entrances.
Property Size2,680 SF
Price / SF$167.91
Days on Market93
Property Features for 303-309 Princess Place
General Information
- Standard status
- Active
- Size
- 2,680 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2016
Listing agency
Nanci Wright Property Management
(903) 360-5813
Listed by
Hannah Tavenner · License #0657136
Source
Compass
Added: Apr 21 Updated: Jul 21 at 4:10AM Checked: Jul 21 at 4:10AM
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 Nanci Wright Property Management
Investment Insights
Based on property information with market context.
This well-maintained duplex at 303-309 Princess Place features an attractive brick and stone exterior, private driveways, and individual garage spaces. Each unit has separate entrances, supporting straightforward day-to-day use and tenant privacy.
The property is positioned in a convenient area of Tyler with quick access to Tyler Pounds Regional Airport, Loop 323 and Highway 31, and nearby educational and medical facilities including UT Tyler and Tyler Junior College, as well as Christus and UT Health. Shopping, dining, and retail centers are also nearby, alongside ongoing residential development.
Suitable for buyers considering an owner-occupant setup or an income-focused acquisition, the duplex offers a manageable configuration with low-maintenance exterior components.
The property is positioned in a convenient area of Tyler with quick access to Tyler Pounds Regional Airport, Loop 323 and Highway 31, and nearby educational and medical facilities including UT Tyler and Tyler Junior College, as well as Christus and UT Health. Shopping, dining, and retail centers are also nearby, alongside ongoing residential development.
Suitable for buyers considering an owner-occupant setup or an income-focused acquisition, the duplex offers a manageable configuration with low-maintenance exterior components.
Key Highlights
- Well‑maintained duplex with brick and stone exterior finishes
- Built in 2016 with slab foundation and wood fence
- Central electric heating and central electric cooling
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 | $37.0k | $13.80 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $34.6k | $12.90 |
| − OpEx | −$10.4k | −$3.87 |
| NOI | $24.2k | $9.03 |
2,680 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$345.8K
$302.6K – $403.4K
NOI $24,206 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$324.1K
$283.6K – $378.1K
NOI $22,685 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$598.2K
$523.4K – $697.9K
NOI $41,872 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Brick-and-stone duplex features private driveways and individual garage spaces with separate entrances.
Where is this duplex located?
The property is located at 303-309 Princess Place Tyler, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Well‑maintained duplex with brick and stone exterior finishes; Built in 2016 with slab foundation and wood fence; Central electric heating and central electric cooling
