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Three-Unit Property with Covered Parking
For Sale
$312,450

503 S Fannin Ave, Tyler, TX 75702

Triplex with individually arranged living, kitchen, bedroom, and full-bath areas in every unit.

Property SizeContact for details
Days on Market12

Property Features for 503 S Fannin Ave

General Information

Standard status Active

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $6,812

Amenities

covered parking
Listing Agency: Newberry Real Estate
Listed By: Brad Newberry · License #0526613
Source: Exprealty
Added: Aug 28 Changed: Sep 8 Last Checked: Sep 8 at 1:14PM

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 Newberry Real Estate

Investment Insights

Based on property information with market context.

This three-unit residential property provides a consistent layout across the building, with each unit offering a living area, kitchen and dining space, one bedroom, and a full bathroom. Covered parking is also included on the property.

The property is located on S Fannin Ave in Tyler, with access described as a short drive from both the medical district and downtown Tyler. The units may support long-term rental, short-term rental, or VRBO use, subject to applicable requirements.

Key Highlights

  • Three separate residential units
  • Each unit includes a living area, kitchen/dining space, bedroom, and full bath
  • Covered parking included

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Storage Facility Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic Catering Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

3,317
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex with individually arranged living, kitchen, bedroom, and full-bath areas in every unit.
Where is this triplex located?
The property is located at 503 S Fannin Ave Tyler, TX.
What is the asking price?
The asking price for this property is $312,450.
What are key features of this property?
This property features: Three separate residential units; Each unit includes a living area, kitchen/dining space, bedroom, and full bath; Covered parking included
More about this property
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