Duplex with Separate
319/321 Princess Place Tyler, TX 75704
319/321 Princess Place, Tyler, TX, 75704
$420,000
For Sale
$420,000
MULTI_FAMILY - Tyler, TX
Property Size2,514 SF
Lot Size0.17 Acres
Price / SF$167.06
Days on Market91
Property Features for 319/321 Princess Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 4
- Parking features
- Garage
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan, Blinds, Smoke Alarm
- Exterior features
- Patio Covered, Sprinkler System, Gutter(s)
- Fencing
- Wood
- Appliances
- Range/Oven-Electric, Dishwasher, Microwave, Refrigerator, Cooktop-Electric
- Standard status
- Active
- Size
- 2,514 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4802
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2015
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate, Carpet
- Building materials
- Brick and Wood, Shingles
- Roof type
- Composition
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# 26002979
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 features an exterior with brick and stone finishes, along with private driveways and individual garage spaces for each side. The layout supports a straightforward live-in-and-rent arrangement, with separate entrances that help maintain privacy between units.
Located in Tyler, TX 75704, the property is positioned for convenient commuting and everyday access. The remarks cite quick access to Tyler Pounds Regional Airport, Loop 323 and Highway 31, as well as nearby educational options including UT Tyler and Tyler Junior College, and medical facilities such as Christus and UT Health. Shopping, dining, and retail centers are also referenced in the surrounding area.
From an ownership standpoint, the duplex is being marketed as a fit for FHA owner-occupants who want to live in one side while renting the other. It can also appeal to investors seeking an entry-level, manageable duplex structure while maintaining a low-maintenance exterior profile. Addressing both practical day-to-day functionality and an owner/renter setup, the property is built for tenants who value separate access and parking.
Located in Tyler, TX 75704, the property is positioned for convenient commuting and everyday access. The remarks cite quick access to Tyler Pounds Regional Airport, Loop 323 and Highway 31, as well as nearby educational options including UT Tyler and Tyler Junior College, and medical facilities such as Christus and UT Health. Shopping, dining, and retail centers are also referenced in the surrounding area.
From an ownership standpoint, the duplex is being marketed as a fit for FHA owner-occupants who want to live in one side while renting the other. It can also appeal to investors seeking an entry-level, manageable duplex structure while maintaining a low-maintenance exterior profile. Addressing both practical day-to-day functionality and an owner/renter setup, the property is built for tenants who value separate access and parking.
Key Highlights
- Duplex built in 2015 with brick and wood exterior and composition shingle roof
- Two sides with separate entrances and individual garage spaces
- Covered patio plus sprinkler system and gutters
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 | $34.7k | $13.80 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $32.4k | $12.90 |
| − OpEx | −$9.7k | −$3.87 |
| NOI | $22.7k | $9.03 |
2,514 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex designed for owner-occupants, with separate entrances and garages for each side.
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: Duplex built in 2015 with brick and wood exterior and composition shingle roof; Two sides with separate entrances and individual garage spaces; Covered patio plus sprinkler system and gutters
