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Three-Bedroom Duplex with Garages
For Sale
$500,000

5704 Foxcroft Road, Tyler, TX 75703

Two leased residences offer private garages, central utilities, and professionally managed occupancy.

Property Size4,478 SF
Price / SF$111.66
Days on Market188

Property Features for 5704 Foxcroft Road

General Information

Standard status Active
Size 4,478 SF
Property subtype Multi Family
Zoning Two Family Dwelling

Amenities

Central Electric
Central Gas
Wood Burning
Slab
Brick and Wood

Building Details

Year Built 1976
Units 2
Listing Agency: Ebby Halliday, REALTORS® - Tyler
Listed By: Steven Farrell · License #0588113
Source: Compass
Added: Feb 24 Changed: Aug 30 Last Checked: Aug 30 at 11:43PM

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 Ebby Halliday, REALTORS® - Tyler

Investment Insights

Based on property information with market context.

This two-unit residential income property contains 4,478 square feet, with each side measuring 2,239 square feet. Both residences provide three bedrooms, two bathrooms, and a two-car garage, creating a consistent configuration across the duplex. The 1976 building has brick-and-wood exterior construction on a slab foundation, with central electric and central gas service. Wood-burning features are also included.

Both units are currently leased, and professional property management is in place. The property is zoned Two Family Dwelling and is located at 5704 Foxcroft Road in Tyler, Texas.

Key Highlights

  • 4,478‑square‑foot duplex with two 2,239‑square‑foot sides
  • Each side includes 3 bedrooms, 2 bathrooms, and a 2‑car garage
  • Both units are currently under lease

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.09%
Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$808,920 $808.9K
Cap Rate 7%
$577,800 $577.8K
Cap Rate 9%
$449,400 $449.4K
Market Conditions
NOI Build-Up for 4,478 SF 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.
Gross rent
$61.8K $13.80/SF
− Vacancy
−$4.0K −$0.90/SF
EGI
$57.8K $12.90/SF
− OpEx
−$17.3K −$3.87/SF
NOI
$40.4K $9.03/SF
Area
Tyler, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$808,920
Cap Rate 7%
$577,800
Cap Rate 9%
$449,400

Alternative Uses

Best Use
Multifamily LT 5
$577.8K
$505.6K – $674.1K (±1% cap)
NOI $40,446 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$541.5K
$473.8K – $631.7K (±1% cap)
NOI $37,904 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$999.5K
$874.5K – $1.17M (±1% cap)
NOI $69,963 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Barber Shop Plumbing Service (Bike/Boat/Book/etc) Store Locksmith

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

509
Businesses Nearby

Demographics for 75703, TX

44,428
Population
20,045
Households
2.2
Avg Household Size
39
Median Age
43%
College-Educated
96%
High-School Grad
55.1 sq mi
ZIP Area
806
Density / Sq Mi
$76,347
Median Household Income
$45,301
Median Earnings
$1,262
Median Rent
$310,500
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?
Duplex - Two leased residences offer private garages, central utilities, and professionally managed occupancy.
Where is this duplex located?
The property is located at 5704 Foxcroft Road Tyler, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 4,478‑square‑foot duplex with two 2,239‑square‑foot sides; Each side includes 3 bedrooms, 2 bathrooms, and a 2‑car garage; Both units are currently under lease
More about this property
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