501 West Vance Street, Tyler, TX 75702
Newly built duplex in Tyler offers modern finishes, granite countertops, and laundry closets with both units currently occupied.
- Added:
- Jun 1, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 6 at 1:55 am
Property Features for 501 West Vance Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2021
Listing agent Karl Crawford License #0699828 (903) 520-5152
Listing office Keller Williams Realty-Tyler (903) 520-5152
Listing date Jun 1, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty-Tyler
HighLights
- Duplex built in 2021 with brick veneer construction and slab foundation
- Both units are currently 100% occupied, generating monthly rental income
- Total of 5 bedrooms and 3.5 bathrooms across the duplex
- Each unit includes granite countertops and a designated laundry closet
- Central electric HVAC with ceiling fans; vinyl plank and wood flooring
- Covered patio, security lighting, and a composition shingle roof
Overview
The property is located at 501 West Vance Street, within the Douglas Elementary, Moore Middle School, and Tyler High School attendance zones. As a newer construction investment, it is positioned for renters seeking contemporary finishes and functional floorplans.
For buyers looking for an income-producing asset with tenants already in place, this turnkey, fully leased duplex presents an opportunity to add a newer-built property to a portfolio. The unit mix, modern finishes, and in-unit laundry support are well-suited to tenants who value day-to-day convenience, while the current occupancy provides immediate operating continuity.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.305871
- Latitude
- 32.367222
