Duplex Income
5922 Pine Cone Lane Tyler, TX 75707
For Sale
$450,000
Duplex on one lot with two single-family units, each featuring 3 bedrooms, 2 baths, and a two-car garage.
Property Size2,926 SF
Price / SF$153.79
Days on Market20
Property Features for 5922 Pine Cone Lane
General Information
- Standard status
- Active
- Size
- 2,926 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2007
Listing Agency:
Available Homes, LLC
Listed By:
Annika Conaway · License #0738750
Source:
Compass
Added: Jul 5
Changed: Jul 23
Last Checked: Jul 23 at 6:11PM
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 Available Homes, LLC
Investment Insights
Based on property information with market context.
This duplex income property consists of two single-family units on one lot. Each unit is described as having 3 bedrooms, 2 bathrooms, and a two-car garage, with the property currently 100% occupied. Reported updates include roof replacements in 2021, new fencing in 2023, and most units receiving upgraded Rheem “lifetime warranty” water heaters.
Irrigation and lawn maintenance are included and maintained by the HOA, which may help simplify ongoing exterior upkeep. The property is associated with Whitehouse ISD.
From an asset configuration standpoint, the offering provides two separate residential units within a single duplex setup on one lot, supported by the noted capital improvements.
Irrigation and lawn maintenance are included and maintained by the HOA, which may help simplify ongoing exterior upkeep. The property is associated with Whitehouse ISD.
From an asset configuration standpoint, the offering provides two separate residential units within a single duplex setup on one lot, supported by the noted capital improvements.
Key Highlights
- Two single‑family units on one lot (duplex setup), each unit with 3 bedrooms, 2 baths, and a 2‑car garage
- Each unit is 1,463 SF; total property is 100% occupied (per listing remarks)
- All units had roof replacements in 2021
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 | $40.4k | $13.80 |
| − Vacancy | −$2.6k | −$0.90 |
| EGI | $37.8k | $12.90 |
| − OpEx | −$11.3k | −$3.87 |
| NOI | $26.4k | $9.03 |
2,926 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$377.5K
$330.4K – $440.5K
NOI $26,428 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$353.8K
$309.6K – $412.8K
NOI $24,767 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$653.1K
$571.4K – $761.9K
NOI $45,715 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex on one lot with two single-family units, each featuring 3 bedrooms, 2 baths, and a two-car garage.
Where is this duplex located?
The property is located at 5922 Pine Cone Lane Tyler, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two single‑family units on one lot (duplex setup), each unit with 3 bedrooms, 2 baths, and a 2‑car garage; Each unit is 1,463 SF; total property is 100% occupied (per listing remarks); All units had roof replacements in 2021
