First-Floor One-Bedroom
For Sale
Contact for pricing
621 W Houston Apt 1, Tyler, TX 75701
Central HVAC, hardwood flooring, and a one-car garage serve this residential unit.
Property Size1,200 SF
Price / SF$0.79
Days on Market12
Property Features for 621 W Houston Apt 1
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
Central HVAC
hardwood floors
Building Details
Year Built
1930
Construction
Georgian
Listing Agency:
Red Door Real Estate
Listed By:
Patrice Stine · License #0518299
(903) 216-7100
Source:
Easttxhomesforsale
Added: Oct 12
Changed: Oct 21
Last Checked: Oct 21 at 2:29AM
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 Red Door Real Estate
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Investment Insights
Based on property information with market context.
Located on the first floor of a Georgian-style historic building, Apartment 1 offers one bedroom and one bathroom across approximately 1,200 SF, per Smithcad. The layout includes a living room and a separate dining room, with hardwood floors and central HVAC. A one-car garage is also included.
The property is in the Brick Street Historic District, near downtown Tyler, hospitals, colleges, schools, and shopping. The building dates to 1930. The apartment is designated as non-smoking, and pets are not permitted.
The property is in the Brick Street Historic District, near downtown Tyler, hospitals, colleges, schools, and shopping. The building dates to 1930. The apartment is designated as non-smoking, and pets are not permitted.
Key Highlights
- First‑floor Apartment 1 with 1 bedroom and 1 bathroom
- Approximately 1,200 S.F. (Smithcad)
- Central HVAC and hardwood flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,157
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,140
$203.1K
Cap Rate 7%
$145,100
$145.1K
Cap Rate 9%
$112,856
$112.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$19.4K $16.20/SF
− Vacancy
−$972 −$0.81/SF
EGI
$18.5K $15.39/SF
− OpEx
−$8.3K −$6.93/SF
NOI
$10.2K $8.46/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,140
Cap Rate 7%
$145,100
Cap Rate 9%
$112,856
Alternative Uses
Best Use
Apartment 5plus
$145.1K
$127.0K – $169.3K
NOI $10,157 @ 7.0% cap · market cap 1,069.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.8K
$234.4K – $312.5K
NOI $18,748 @ 7.0% cap · market cap 1,973.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,815
Businesses Nearby
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Business Placement
Demographics for 75701, TX
34,502
Population
14,630
Households
2.4
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
14.1 sq mi
ZIP Area
2,447
Density / Sq Mi
$62,091
Median Household Income
$29,448
Median Earnings
$1,250
Median Rent
$190,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Central HVAC, hardwood flooring, and a one-car garage serve this residential unit.
Where is this residential income property located?
The property is located at 621 W Houston Apt 1 Tyler, TX.
What are key features of this property?
This property features: First‑floor Apartment 1 with 1 bedroom and 1 bathroom; Approximately 1,200 S.F. (Smithcad); Central HVAC and hardwood flooring throughout
