Two-Story Duplex with
For Sale
Contact for pricing
3716 Colony Park Dr, Tyler, TX 75701
Residential income property with central heating and air conditioning, fenced outdoor space, and in-unit laundry connections.
Property Size1,950 SF
Price / SF$0.85
Days on Market152
Property Features for 3716 Colony Park Dr
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,324
Amenities
cooktop
double oven
dishwasher
fireplace
dining room
ceiling fans
blinds
carpet and tile flooring
utility room with washer/dryer connections
central heating and air
fenced courtyard
Building Details
Buildings
1
Stories
2
Listing Agency:
Gregory Property Management
Listed By:
Cindy Gregory · License #0159677
(903) 581-0016
Source:
Exprealty
Added: May 18
Changed: Oct 13
Last Checked: Oct 15 at 4:31AM
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 Gregory Property Management
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Investment Insights
Based on property information with market context.
This two-story duplex at 3716 Colony Park Dr in Tyler includes a kitchen equipped with a cooktop, double oven, and dishwasher. The refrigerator is not provided. Interior features include a living room fireplace, dining room, ceiling fans, blinds, and a combination of carpet and tile flooring. A utility room provides washer and dryer connections, while central heating and air conditioning serve the property.
Outdoor features include a fenced courtyard area, with yard maintenance included. The property is identified as a 3/2/2 duplex and does not allow pets.
Outdoor features include a fenced courtyard area, with yard maintenance included. The property is identified as a 3/2/2 duplex and does not allow pets.
Key Highlights
- Two‑story duplex identified as 3/2/2
- Kitchen includes cooktop, double oven, and dishwasher
- Living room fireplace, dining room, ceiling fans, blinds, carpet, and tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,506
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,120
$330.1K
Cap Rate 7%
$235,800
$235.8K
Cap Rate 9%
$183,400
$183.4K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$31.6K $16.20/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$30.0K $15.39/SF
− OpEx
−$13.5K −$6.93/SF
NOI
$16.5K $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%
$330,120
Cap Rate 7%
$235,800
Cap Rate 9%
$183,400
Alternative Uses
Best Use
Multifamily LT 5
$251.6K
$220.2K – $293.6K
NOI $17,613 @ 7.0% cap · market cap 1,067.45%
Second Best
Apartment 5plus
$235.8K
$206.3K – $275.1K
NOI $16,506 @ 7.0% cap · market cap 1,000.36%
Theoretical Best
Office A
$435.2K
$380.8K – $507.8K
NOI $30,466 @ 7.0% cap · market cap 1,846.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
975
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with central heating and air conditioning, fenced outdoor space, and in-unit laundry connections.
Where is this duplex located?
The property is located at 3716 Colony Park Dr Tyler, TX.
What are key features of this property?
This property features: Two‑story duplex identified as 3/2/2; Kitchen includes cooktop, double oven, and dishwasher; Living room fireplace, dining room, ceiling fans, blinds, carpet, and tile flooring
