Multifamily
For Sale
Contact for pricing
3419 Lexington Dr, Tyler, TX 75701
Established multifamily asset with a 1985 construction date in Tyler.
Property Size1,000 SF
Price / SF$1.50
Days on Market49
Property Features for 3419 Lexington Dr
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Multi-Family
Building Details
Year Built
1985
Listing Agency:
Hfns Realty Group
Listed By:
Dwell Realty
(903) 574-2888
Source:
Dwell
Added: Sep 7
Changed: Oct 23
Last Checked: Oct 24 at 4:53PM
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 Hfns Realty Group
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Investment Insights
Based on property information with market context.
This multifamily property is located at 3419 Lexington Dr in Tyler, Texas. The building was constructed in 1985, providing an established asset within the local residential market.
Key Highlights
- Located at 3419 Lexington Dr, Tyler, TX 75701
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,465
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,300
$169.3K
Cap Rate 7%
$120,929
$120.9K
Cap Rate 9%
$94,056
$94.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$16.2K $16.20/SF
− Vacancy
−$810 −$0.81/SF
EGI
$15.4K $15.39/SF
− OpEx
−$6.9K −$6.93/SF
NOI
$8.5K $8.46/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,300
Cap Rate 7%
$120,929
Cap Rate 9%
$94,056
Alternative Uses
Best Use
Apartment 5plus
$120.9K
$105.8K – $141.1K
NOI $8,465 @ 7.0% cap · market cap 564.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$223.2K
$195.3K – $260.4K
NOI $15,624 @ 7.0% cap · market cap 1,041.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
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Business Placement
Demographics for 75701, TX
34,502
Population
14,630
Households
2.4
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
14.1 sq mi
ZIP Area
2,447
Density / Sq Mi
$62,091
Median Household Income
$29,448
Median Earnings
$1,250
Median Rent
$190,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Established multifamily asset with a 1985 construction date in Tyler.
Where is this multifamily property located?
The property is located at 3419 Lexington Dr Tyler, TX.
What are key features of this property?
This property features: Located at 3419 Lexington Dr, Tyler, TX 75701; Built in 1985
