15-Unit Apartment
For Sale
$2,750,000
307 N Henry Street, Lindale, TX 75771
COMMERCIAL - Lindale, TX
Property Size16,890 SF
Lot Size0.54 Acres
Price / SF$162.82
Days on Market98
Property Features for 307 N Henry Street
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced
Lot features
Inside City Limits
Directions
From Tyler, take Hwy N into Lindale. Turn left onto North St. Turn right onto Henry St. Property is on the corner. SIY.
Standard status
Active
Size
16,890 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF LINDALE BLOCK 14 LOT 8A
Legal Description
CITY OF LINDALE BLOCK 14 LOT 8A
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
private fenced backyard area
Building Details
Year built
2020
Number of units
15
Building materials
Metal Siding
Listing Agency:
Keller Williams Realty-Tyler
(903) 534-6600
Listed By:
Haden Riggs · License #0670076
(903) 780-8006
Added: Apr 30
Changed: Aug 4
Last Checked: Aug 5 at 1:06PM
MLS# 26006114
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.
Built in 2020, this 15-unit apartment property includes two buildings totaling 16,890 square feet on 0.539 acres. The unit mix consists of eleven two-bedroom, 2.5-bath residences measuring 1,160 square feet and four one-bedroom, 1.5-bath residences measuring 900 square feet. Each unit has a contemporary layout and access to a private fenced backyard area. The property is currently 100% occupied, with tenants responsible for all utilities.
Located at 307 N Henry Street in Lindale, the property is within the Lindale school district and near local shopping, dining, and other amenities. Tyler and I-20 are accessible for regional travel. Improvements include metal siding, central heating, electric central air, public water, public sewer, and fencing.
Located at 307 N Henry Street in Lindale, the property is within the Lindale school district and near local shopping, dining, and other amenities. Tyler and I-20 are accessible for regional travel. Improvements include metal siding, central heating, electric central air, public water, public sewer, and fencing.
Key Highlights
- 15 units across two buildings totaling 16,890 square feet
- Unit mix includes eleven 2‑bedroom, 2.5‑bath units and four 1‑bedroom, 1.5‑bath units
- Built in 2020 on 0.539 acres
Financial Insights For Apartment 5plus
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 | $253.4k | $15.00 |
| − Vacancy | −$22.8k | −$1.35 |
| EGI | $230.5k | $13.65 |
| − OpEx | −$103.7k | −$6.14 |
| NOI | $126.8k | $7.51 |
16,890 SF · lease $15.00/SF/yr · vacancy 9.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.59M – $2.11M
NOI $126,802 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$12.72M
$11.13M – $14.84M
NOI $890,525 @ 7.0% cap · market cap 32.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 75771, TX
21,870
Population
9,241
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
146.1 sq mi
ZIP Area
150
Density / Sq Mi
$90,112
Median Household Income
$48,088
Median Earnings
$1,318
Median Rent
$266,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently constructed multifamily property with fenced private outdoor areas, central HVAC, and full occupancy.
Where is this apartment building located?
The property is located at 307 N Henry Street Lindale, TX.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 15 units across two buildings totaling 16,890 square feet; Unit mix includes eleven 2‑bedroom, 2.5‑bath units and four 1‑bedroom, 1.5‑bath units; Built in 2020 on 0.539 acres
