430 CR 311 Tyler, TX 75708
MULTI_FAMILY - Tyler, TX
Property Features for 430 CR 311
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 7
- Rooms
- Bathroom 2, Bedroom 7, Bathroom 7, Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 6, Bathroom 6, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 5
- Standard status
- Active
- Size
- 9,873 SF
- Lot size
- 24.97 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10000
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Window Unit(s), Electric, Central Air
Building Details
- Year built
- 2022
- Number of units
- 15
- Building materials
- Alum/Vinyl Siding, Metal
Listing agent Cathy Daniels (903) 680-4663
Listing office Texas Real Estate Executives-Gilmer 117 Simpson, GILMER, TX (903) 680-4663
Listing date Apr 8, 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.
Located in Tyler, the park sits outside the city limits and falls within the Winona School District. Being removed from the core city area supports the described country-living feel while still maintaining convenient access to urban amenities, which are noted in the remarks.
For buyers and operators seeking a turnkey residential income platform, the asset’s defined 15-unit configuration can simplify initial underwriting and management planning. The mix of unit types may appeal to tenants looking for different forms of housing within the same community setting. With acreage included, the property may also support buyer interest in how to use additional land as part of a longer-term plan, subject to applicable approvals.
Key Highlights
- 24.965‑acre property outside the city limits in Tyler within the Winona School District
- 15‑unit home park featuring a mix of tiny homes, manufactured homes, and FEMA trailers
- Electric central heating system with central heating
Local Financial Insights For Apartment 5plus
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 | $159.9k | $16.20 |
| − Vacancy | −$8.0k | −$0.81 |
| EGI | $151.9k | $15.39 |
| − OpEx | −$68.4k | −$6.93 |
| NOI | $83.6k | $8.46 |
