Two-Unit Duplex with
For Sale
$450,000
5924 Pine Cone Lane, Tyler, TX 75707
Fully occupied duplex offering updated exterior components, private garages, and HOA-maintained irrigation and lawn care.
Property Size2,926 SF
Price / SF$153.79
Days on Market51
Property Features for 5924 Pine Cone Lane
General Information
Standard status
Active
Size
2,926 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Amenities
irrigation
lawn maintenance
Building Details
Year Built
2007
Listing Agency:
Texas Premier Realty
Listed By:
Dwell Realty
(903) 574-2888
Source:
Dwell
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 14 at 10:35PM
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 Texas Premier Realty
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Investment Insights
Based on property information with market context.
This 2007 duplex contains two single-family residences on one lot, with 2,926 square feet combined. Each home provides 1,463 square feet with three bedrooms, two baths, and a two-car garage. Both units are currently occupied, offering an established residential income configuration in the Villas at Grande Blvd community.
The HOA includes irrigation and lawn maintenance. Roof replacements were completed across the units in 2021, followed by new fencing in 2023. Most units also feature upgraded Rheem water heaters with lifetime warranties. The property is located at 5924 Pine Cone Lane in Tyler, Texas, within Whitehouse ISD.
The HOA includes irrigation and lawn maintenance. Roof replacements were completed across the units in 2021, followed by new fencing in 2023. Most units also feature upgraded Rheem water heaters with lifetime warranties. The property is located at 5924 Pine Cone Lane in Tyler, Texas, within Whitehouse ISD.
Key Highlights
- Two single‑family units on one lot with 2,926 square feet combined
- Each unit measures 1,463 square feet and includes 3 bedrooms and 2 baths
- Two‑car garage provided for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,428
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,560
$528.6K
Cap Rate 7%
$377,543
$377.5K
Cap Rate 9%
$293,644
$293.6K
Market Conditions
NOI Build-Up for 2,926 SF
Gross rent
$40.4K $13.80/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$37.8K $12.90/SF
− OpEx
−$11.3K −$3.87/SF
NOI
$26.4K $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 Rate 5%
$528,560
Cap Rate 7%
$377,543
Cap Rate 9%
$293,644
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 75707, TX
16,620
Population
6,858
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
92%
High-School Grad
52.4 sq mi
ZIP Area
317
Density / Sq Mi
$85,406
Median Household Income
$44,425
Median Earnings
$1,415
Median Rent
$256,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex offering updated exterior components, private garages, and HOA-maintained irrigation and lawn care.
Where is this duplex located?
The property is located at 5924 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 with 2,926 square feet combined; Each unit measures 1,463 square feet and includes 3 bedrooms and 2 baths; Two‑car garage provided for each residence
