One-Bedroom Multifamily
For Sale
Contact for pricing
502 S Fannin # 101, Tyler, TX 75702
Downstairs apartment with hardwood flooring, a separate dining area, and a gas range kitchen near Tyler’s hospital district.
Property Size1,018 SF
Price / SF$0.78
Days on Market84
Property Features for 502 S Fannin # 101
General Information
Standard status
Active
Size
1,018 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
lawn care
gas oven/range
Building Details
Year Built
1930
Listing Agency:
Conquest Property Management
Listed By:
Ro Allan · License #0711933
(903) 752-5655
Source:
Easttxhomesforsale
Added: Jul 28
Changed: Oct 1
Last Checked: Oct 19 at 7:26AM
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 Conquest Property Management
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Investment Insights
Based on property information with market context.
This 1,018-square-foot downstairs apartment offers a one-bedroom, one-bathroom layout within a property built in 1930. The interior combines hardwood flooring in the main living areas with tile in the bathroom. An open living room connects to a separate dining room, while the kitchen provides cabinet storage and a gas oven/range.
The property is situated between Houston St. and Front St. in Tyler, near restaurants, businesses, and the hospital district. Lawn care is provided, while utilities remain the tenant’s responsibility. Pet and Assistance Animal screening requirements apply, and tenants must carry liability insurance during the lease term.
The property is situated between Houston St. and Front St. in Tyler, near restaurants, businesses, and the hospital district. Lawn care is provided, while utilities remain the tenant’s responsibility. Pet and Assistance Animal screening requirements apply, and tenants must carry liability insurance during the lease term.
Key Highlights
- 1,018 SF downstairs apartment
- One bedroom and one bathroom
- Hardwood floors in main living areas with tile bathroom flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,617
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,340
$172.3K
Cap Rate 7%
$123,100
$123.1K
Cap Rate 9%
$95,744
$95.7K
Market Conditions
NOI Build-Up for 1,018 SF
Gross rent
$16.5K $16.20/SF
− Vacancy
−$825 −$0.81/SF
EGI
$15.7K $15.39/SF
− OpEx
−$7.1K −$6.93/SF
NOI
$8.6K $8.46/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,340
Cap Rate 7%
$123,100
Cap Rate 9%
$95,744
Alternative Uses
Best Use
Apartment 5plus
$123.1K
$107.7K – $143.6K
NOI $8,617 @ 7.0% cap · market cap 1,083.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.2K
$198.8K – $265.1K
NOI $15,905 @ 7.0% cap · market cap 2,000.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,433
Businesses Nearby
Explore this area
Business Placement
Demographics for 75702, TX
26,777
Population
10,273
Households
2.6
Avg Household Size
32
Median Age
8%
College-Educated
72%
High-School Grad
14.1 sq mi
ZIP Area
1,899
Density / Sq Mi
$51,177
Median Household Income
$30,399
Median Earnings
$906
Median Rent
$99,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Downstairs apartment with hardwood flooring, a separate dining area, and a gas range kitchen near Tyler’s hospital district.
Where is this multifamily property located?
The property is located at 502 S Fannin # 101 Tyler, TX.
What are key features of this property?
This property features: 1,018 SF downstairs apartment; One bedroom and one bathroom; Hardwood floors in main living areas with tile bathroom flooring
