Newly Built Triplex with
For Sale
$1,048,500
4344 Macnab Drive, Tyler, TX 75707
Residential Income, Tyler, TX
Property Size5,700 SF
Price / SF$183.95
Days on Market308
Property Features for 4344 Macnab Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Garage
Security features
Security
Window features
Blinds
Pets allowed
Yes
Interior features
Ceiling Fan, Cable TV
Exterior features
Irrigation System, Rain Gutters
Appliances
Gas Range, Dishwasher, Disposal, Microwave, Refrigerator, Ice Maker
Subdivision
Huntingtontower
Elementary school
Chapel Hill
Middle school
Chapel Hill
High school
Chapel Hill
Directions
Go East on Shiloh Rd past Wal-Mart and continue until you see CR 2120, turn left and continue East when it turns into Old Omen Rd at the stop sign. Then make a left on MacNab Dr. The community is on the left. Enter through the gate and make a right. Follow the road until the next intersection and make a left. Home #31 will be on your lefthand side.
Standard status
Active
Size
5,700 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 1.1, HUNTINGTOWER, SEC U-2
Legal Description
LOT 1.1, HUNTINGTOWER, SEC U-2
Utilities
Heating system
Central
Cooling system
Central Air, Electric
Amenities
private dog park
gated community
Building Details
Year built
2024
Floors in Building
2
Number of units
3
Flooring type
Vinyl
Building materials
Stone, Brick
Roof type
Composition
Listing Agency:
Drake Real Estate & Investments
(903) 581-3737
Listed By:
Jeremy Caruthers · License #0627529
(903) 570-4099
Added: Oct 20, 2025
Changed: Aug 21
Last Checked: Aug 23 at 5:06PM
MLS# 25015466
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.
This 2024-built triplex comprises three newly constructed, single-family detached homes totaling 5,700 square feet. Each residence includes 4 bedrooms, 2.5 bathrooms, and a 2-car garage, with an open-concept lower level and contemporary interior finishes. Granite or quartz countertops, stainless steel kitchen appliances, vinyl flooring, central heating, and central air support everyday functionality. Additional improvements include irrigation, rain gutters, brick and stone construction, and composition roofing.
The property is located at 4344 Macnab Drive in Tyler, within a quiet gated community near UT Tyler. Residents have access to a private dog park. Kitchens are equipped with gas ranges, dishwashers, disposals, microwaves, refrigerators, and ice makers, while ceiling fans and cable TV are also included among the interior features.
The property is located at 4344 Macnab Drive in Tyler, within a quiet gated community near UT Tyler. Residents have access to a private dog park. Kitchens are equipped with gas ranges, dishwashers, disposals, microwaves, refrigerators, and ice makers, while ceiling fans and cable TV are also included among the interior features.
Key Highlights
- Three newly constructed single‑family detached homes totaling 5,700 square feet
- Each home includes 4 bedrooms, 2.5 bathrooms, and a 2‑car garage
- Built in 2024 within a quiet, gated Tyler community
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,483
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,029,660
$1.0M
Cap Rate 7%
$735,471
$735.5K
Cap Rate 9%
$572,033
$572.0K
Market Conditions
NOI Build-Up for 5,700 SF
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.
Gross rent
$78.7K $13.80/SF
− Vacancy
−$5.1K −$0.90/SF
EGI
$73.5K $12.90/SF
− OpEx
−$22.1K −$3.87/SF
NOI
$51.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,029,660
Cap Rate 7%
$735,471
Cap Rate 9%
$572,033
Alternative Uses
Best Use
Multifamily LT 5
$735.5K
$643.5K – $858.1K
NOI $51,483 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$689.3K
$603.1K – $804.1K
NOI $48,248 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,055 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 75707, TX
16,620
Population
6,858
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
92%
High-School Grad
52.4 sq mi
ZIP Area
317
Density / Sq Mi
$85,406
Median Household Income
$44,425
Median Earnings
$1,415
Median Rent
$256,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three detached residences in a gated Tyler community feature contemporary interiors, efficient appliances, and shared dog-park access.
Where is this triplex located?
The property is located at 4344 Macnab Drive Tyler, TX.
What is the asking price?
The asking price for this property is $1,048,500.
What are key features of this property?
This property features: Three newly constructed single‑family detached homes totaling 5,700 square feet; Each home includes 4 bedrooms, 2.5 bathrooms, and a 2‑car garage; Built in 2024 within a quiet, gated Tyler community
