Duplex with Private
For Sale
$374,900
3960 Cottage Dr, Tyler, TX 75701
Each residence includes an open kitchen, generous living areas, a covered porch, and washer-dryer connections.
Property Size2,392 SF
Price / SF$156.73
Days on Market10
Property Features for 3960 Cottage Dr
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
open concept kitchens
granite countertops
all appliances
fenced private yards
covered porches
washer/dryer connections
Building Details
Year Built
2013
Buildings
1
Listing Agency:
Newberry Real Estate
Listed By:
Brad Newberry · License #0526613
(903) 780-8015
Source:
Newberryre
Added: Sep 28
Changed: Oct 7
Last Checked: Oct 7 at 12:19PM
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 Newberry Real Estate
Investment Insights
Based on property information with market context.
Built in 2013, this 2,392-square-foot duplex has two units with open-concept kitchens featuring granite countertops and appliances. Both units also have living and bedroom areas, fenced yards, covered porches, one-car garages, and washer-dryer connections.
The property is near Tyler’s Hospital District, less than a mile from UT Tyler and two miles from TJC.
The property is near Tyler’s Hospital District, less than a mile from UT Tyler and two miles from TJC.
Key Highlights
- 2,392‑square‑foot duplex built in 2013
- Two units, each with a one‑car garage and washer‑dryer connections
- Open kitchens with granite countertops and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,605
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,100
$432.1K
Cap Rate 7%
$308,643
$308.6K
Cap Rate 9%
$240,056
$240.1K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$33.0K $13.80/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$30.9K $12.90/SF
− OpEx
−$9.3K −$3.87/SF
NOI
$21.6K $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%
$432,100
Cap Rate 7%
$308,643
Cap Rate 9%
$240,056
Alternative Uses
Best Use
Multifamily LT 5
$308.6K
$270.1K – $360.1K
NOI $21,605 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.5K
NOI $20,247 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$533.9K
$467.2K – $622.9K
NOI $37,372 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes an open kitchen, generous living areas, a covered porch, and washer-dryer connections.
Where is this duplex located?
The property is located at 3960 Cottage Dr Tyler, TX.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 2,392‑square‑foot duplex built in 2013; Two units, each with a one‑car garage and washer‑dryer connections; Open kitchens with granite countertops and appliances
