Multifamily Property in Gated
4344 Macnab Drive Tyler, TX 75707
4344 Macnab Drive, Tyler, TX, 75707
$6,990,000
For Sale
$6,990,000
Multifamily property featuring modern finishes, energy-efficient systems, and tenant-paid utilities.
Property Size38,000 SF
Price / SF$183.95
Days on Market112
Property Features for 4344 Macnab Drive
General Information
- Standard status
- Active
- Size
- 38,000 SF
- Property subtype
- Build-to-Rent Community
Listing Agency
Drake Real Estate & Investments
(903) 581-3737
Listed by
Matthew Marshall, CCIM · License #TX #0544812
Source
Draketexas
Added: Apr 1 Updated: Jul 10 at 1:16 pm Checked: Jul 19 at 2:56 am
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 Drake Real Estate & Investments
Investment Insights
Based on property information with market context.
This multifamily property offers a potential annual Net Operating Income of $417,927. Each home within the community spans 1,900 square feet and includes four bedrooms, two and a half bathrooms, and a two-car garage. The units feature modern appliances and finishes, along with energy-efficient air conditioning and heating systems. The community is gated and includes a dog park. Tenants are responsible for all utility payments, and the irrigation system is master controlled.
Key Highlights
- Potential Annual NOI: $417,927
- Approximately $2,495 market monthly rent per unit
- Each Home boasts 1,900 SF of living space
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 | $615.6k | $16.20 |
| − Vacancy | −$30.8k | −$0.81 |
| EGI | $584.8k | $15.39 |
| − OpEx | −$263.2k | −$6.93 |
| NOI | $321.7k | $8.46 |
38,000 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.60M
$4.02M – $5.36M
NOI $321,651 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.48M
$7.42M – $9.90M
NOI $593,701 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Multifamily property featuring modern finishes, energy-efficient systems, and tenant-paid utilities.
Where is this apartment building located?
The property is located at 4344 Macnab Drive Tyler, TX.
What is the asking price?
The asking price for this property is $6,990,000.
What are key features of this property?
This property features: Potential Annual NOI: $417,927; Approximately $2,495 market monthly rent per unit; Each Home boasts 1,900 SF of living space
