2-Unit Duplex with Private
New
For Sale
$400,000
7108 Timber View Dr., Tyler, TX 75703
Residential Income, Tyler, TX
Property Size3,210 SF
Price / SF$124.61
Days on Market7
Property Features for 7108 Timber View Dr.
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage, On Street
Fireplace
1
Subdivision
Timber Creek
Elementary school
Whitehouse - Stanton-Smith
Middle school
Whitehouse
High school
Whitehouse
Directions
From S. Broadway Ave (Hwy 69) and Loop 323 in Tyler, head south on Broadway. Turn left onto Shiloh Rd, then right onto Timber Creek Dr. Turn right onto Timber View Dr. 1708 Timber View Dr. will be on the left.
Standard status
Active
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
TIMBER CREEK BLOCK 1321-L LOT 7
Tax Annual Amount
6027
Legal Description
TIMBER CREEK BLOCK 1321-L LOT 7
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Amenities
fireplace
private fenced backyard
Building Details
Year built
2009
Number of units
2
Building materials
Frame, Siding
Buildings
1
Listing Agency:
Keller Williams Realty-Tyler
(903) 534-6600
Listed By:
Markie Severtson · License #0835380
(760) 483-0110
Added: Oct 26
Changed: Oct 27
Last Checked: Nov 1 at 6:06PM
MLS# 26014428
Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2009, this duplex contains 3,210 square feet across two 1,605-square-foot residences. Each home has three bedrooms and two bathrooms, with a primary suite on the ground floor. Fireplaces, attached garages with interior access, and individually fenced backyards serve both residences. One unit has luxury vinyl plank flooring; the other has tile. Utilities are separate, and the property has no HOA.
One residence is leased, while the other is vacant. The property is approximately 4 miles from the University of Texas at Tyler. Public sewer serves the site.
One residence is leased, while the other is vacant. The property is approximately 4 miles from the University of Texas at Tyler. Public sewer serves the site.
Key Highlights
- Two residences totaling 3,210 square feet; each measures 1,605 square feet
- Both units have 3 bedrooms, 2 bathrooms, and a downstairs primary suite
- Attached garages with direct interior access, fireplaces, and private fenced backyards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,993
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,860
$579.9K
Cap Rate 7%
$414,186
$414.2K
Cap Rate 9%
$322,144
$322.1K
Market Conditions
NOI Build-Up for 3,210 SF
Gross rent
$44.3K $13.80/SF
− Vacancy
−$2.9K −$0.90/SF
EGI
$41.4K $12.90/SF
− OpEx
−$12.4K −$3.87/SF
NOI
$29.0K $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%
$579,860
Cap Rate 7%
$414,186
Cap Rate 9%
$322,144
Alternative Uses
Best Use
Multifamily LT 5
$414.2K
$362.4K – $483.2K
NOI $28,993 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$388.2K
$339.6K – $452.9K
NOI $27,171 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$716.5K
$626.9K – $835.9K
NOI $50,152 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, a fenced backyard, and separate utilities.
Where is this duplex located?
The property is located at 7108 Timber View Dr. Tyler, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two residences totaling 3,210 square feet; each measures 1,605 square feet; Both units have 3 bedrooms, 2 bathrooms, and a downstairs primary suite; Attached garages with direct interior access, fireplaces, and private fenced backyards
