Duplex with Separate
303/309 Princess Place Tyler, TX 75704
303/309 Princess Place, Tyler, TX, 75704
$450,000
For Sale
$450,000
MULTI_FAMILY - Tyler, TX
Property Size2,680 SF
Price / SF$167.91
Days on Market91
Property Features for 303/309 Princess Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 2
- Parking features
- Garage
- Fencing
- Wood
- Standard status
- Active
- Size
- 2,680 SF
Taxes and HOA fees
- Tax Year
- 2026
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2016
- Number of units
- 2
- Flooring type
- Carpet, Tile - Ceramic
- Building materials
- Brick and Wood, Brick and Stone
Listing Agency
Nanci Wright Property Management
(903) 939-0863
3100 New Copeland Road, Tyler, TX
Listed by
Hannah Tavenner · License #0657136
(903) 939-0863
Added: Apr 21 Updated: Jul 19 at 2:30 am Checked: Jul 20 at 11:06 pm
MLS# 26005616
Listing URL
Copyright © 2026 Greater Tyler 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.
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two distinct living units with attractive brick and stone exterior finishes. Each unit has its own private driveway and individual garage spaces, supporting day-to-day privacy and convenience. The property is presented as a functional, lower-maintenance residential income option within a manageable duplex format.
Located in Tyler, TX (Smith County), the address is 303/309 Princess Place (75704). The listing describes convenient access to Tyler Pounds Regional Airport and to Loop 323 and Highway 31 for commuting. It also notes proximity to UT Tyler and Tyler Junior College, as well as Christus and UT Health medical facilities. Additional shopping, dining, and retail centers are indicated nearby.
The duplex configuration is typically well-suited for an owner-occupant plan, where one side can be lived in while the other side helps offset housing costs. It also serves as a straightforward option for buyers seeking a residential income property with separate entrances and garages for each unit. The overall presentation emphasizes curb appeal and practical separation between the two residences.
Located in Tyler, TX (Smith County), the address is 303/309 Princess Place (75704). The listing describes convenient access to Tyler Pounds Regional Airport and to Loop 323 and Highway 31 for commuting. It also notes proximity to UT Tyler and Tyler Junior College, as well as Christus and UT Health medical facilities. Additional shopping, dining, and retail centers are indicated nearby.
The duplex configuration is typically well-suited for an owner-occupant plan, where one side can be lived in while the other side helps offset housing costs. It also serves as a straightforward option for buyers seeking a residential income property with separate entrances and garages for each unit. The overall presentation emphasizes curb appeal and practical separation between the two residences.
Key Highlights
- Well‑maintained duplex built in 2016 with brick and stone exterior finishes
- Central heating and central air conditioning, plus electric heating and electric cooling
- Tile - ceramic and carpet flooring throughout
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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex features brick-and-stone exterior, private driveways, and separate garages—suited for owner-occupants or investors.
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 built in 2016 with brick and stone exterior finishes; Central heating and central air conditioning, plus electric heating and electric cooling; Tile - ceramic and carpet flooring throughout
