429/501 W Vance Tyler, TX 75702
MULTI_FAMILY - Tyler, TX
- Added:
- Jun 23, 2026
- Days on Market:
- 21
- Last Refresh:
- Jul 13 at 11:06 am
Property Features for 429/501 W Vance
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 1
- Security features
- Security Lighting
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan, Blinds, Smoke Alarm
- Exterior features
- Patio Covered, Security Lighting, Gutter(s)
- Appliances
- Range/Oven-Electric, Free Standing Range, Dishwasher, Microwave, Refrigerator
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2026
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Wood
- Building materials
- Brick Veneer
- Roof type
- Composition
Listing agent Karl Crawford License #0699828 (903) 534-6600
Listing office Keller Williams Realty-Tyler 6761 Old Jacksonville Hwy, Tyler, TX (903) 534-6600
Listing date Jun 23, 2026
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.
The property sits on a 0.19-acre lot and totals 2,000 square feet. It is located within the Douglas Elementary, Moore Middle School, and Tyler High School attendance zones.
For buyers seeking a newer-construction duplex with an established tenant base, this fully leased setup provides a straightforward owner-occupied or investment-ready configuration.
Key Highlights
- Duplex built in 2021 with both units 100% occupied and generating monthly rental income
- Combined 5 bedrooms and 3.5 bathrooms across both units
- Each unit includes a laundry closet and granite countertops
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 | $27.6k | $13.80 |
| − Vacancy | −$1.8k | −$0.90 |
| EGI | $25.8k | $12.90 |
| − OpEx | −$7.7k | −$3.87 |
| NOI | $18.1k | $9.03 |
