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Six-Unit Apartment Building
For Sale
$624,900

507 S Fannin Ave, Tyler, TX 75702

Apartment building offering six units, each with full kitchen-dining, bedroom, and full bath, plus covered parking.

Days on Market162

Property Features for 507 S Fannin Ave

General Information

Standard status Active
Listing Agency: Newberry Real Estate
Listed By: Brad Newberry · License #0526613
Source: Exprealty
Added: Feb 20 Changed: Jul 25 Last Checked: Jul 31 at 5:34PM

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 six-unit apartment building is designed for comfortable, self-contained living. Each unit includes a living area, kitchen/dining, a bedroom, and a full bath. The property also offers covered parking, supporting day-to-day convenience for residents.

Located at 507 S Fannin Ave in Tyler, TX, the property is described as being a short drive to the medical district or downtown Tyler, placing it within reach of major local destinations.

With six separate units and consistent interior layouts, the building presents a straightforward configuration for rental housing.

Key Highlights

  • Apartment building with 6 units
  • Each unit includes a living area, kitchen/dining, bedroom, and full bath
  • Covered parking available for the units

Property Analytics

Current Use

Short term rental ...

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.

Location Intelligence

Trade Area within ½ mile

3,212
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment building offering six units, each with full kitchen-dining, bedroom, and full bath, plus covered parking.
Where is this apartment building located?
The property is located at 507 S Fannin Ave Tyler, TX.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Apartment building with 6 units; Each unit includes a living area, kitchen/dining, bedroom, and full bath; Covered parking available for the units
More about this property
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