Duplex with Individual
For Sale
$420,000
319-321 Princess Place, Tyler, TX 75704
Two separate residences offer private driveways, distinct entrances, and individual garage spaces.
Property Size2,514 SF
Price / SF$167.06
Days on Market274
Property Features for 319-321 Princess Place
General Information
Standard status
Active
Size
2,514 SF
Property subtype
Residential Income / Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
Central Electric
Central
Carpet, Laminate
Electric Range, Dishwasher, Microwave, Refrigerator, Electric Cooktop
Washer Hookup
Ceiling Fan
Composition
Wood
Blinds
Irrigation System, Rain Gutters
Covered
Building Details
Year Built
2015
Listing Agency:
Nanci Wright Property Mgmt
Listed By:
Hannah M Tavenner · License #0657136
(903) 360-5813
Source:
Compass
Added: Jan 18
Changed: Oct 19
Last Checked: Oct 16 at 10:49AM
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 Mgmt
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Investment Insights
Based on property information with market context.
Located at 319-321 Princess Place in Tyler, this duplex contains 2514 square feet across a one-story layout. The property was built in 2015 and features brick and wood exterior construction with composition shingle roofing. Each side has its own entrance, driveway, and garage space, while covered patios, wood fencing, gutters, and a sprinkler system add to the exterior improvements. Interior features include central electric service, ceiling fans, blinds, smoke alarms, carpet, and laminate flooring. Kitchens are equipped with electric ranges or cooktops, dishwashers, microwaves, and refrigerators.
The property is zoned Residential Townhouse and includes a slab foundation. Its duplex configuration supports separate residential occupancy within the same building, with practical amenities serving each side independently.
The property is zoned Residential Townhouse and includes a slab foundation. Its duplex configuration supports separate residential occupancy within the same building, with practical amenities serving each side independently.
Key Highlights
- 2514 square feet in a duplex configuration
- Built in 2015
- Individual garage spaces, private driveways, and separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,707
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,140
$454.1K
Cap Rate 7%
$324,386
$324.4K
Cap Rate 9%
$252,300
$252.3K
Market Conditions
NOI Build-Up for 2,514 SF
Gross rent
$34.7K $13.80/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$32.4K $12.90/SF
− OpEx
−$9.7K −$3.87/SF
NOI
$22.7K $9.03/SF
Area
Tyler, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,140
Cap Rate 7%
$324,386
Cap Rate 9%
$252,300
Alternative Uses
Best Use
Multifamily LT 5
$324.4K
$283.8K – $378.5K
NOI $22,707 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$304.0K
$266.0K – $354.7K
NOI $21,280 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$561.1K
$491.0K – $654.6K
NOI $39,278 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 75704, TX
10,075
Population
4,325
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
77%
High-School Grad
66.8 sq mi
ZIP Area
151
Density / Sq Mi
$52,892
Median Household Income
$32,327
Median Earnings
$1,185
Median Rent
$136,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private driveways, distinct entrances, and individual garage spaces.
Where is this duplex located?
The property is located at 319-321 Princess Place Tyler, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2514 square feet in a duplex configuration; Built in 2015; Individual garage spaces, private driveways, and separate entrances
