831 W Houston Street Tyler, TX 75702
MULTI_FAMILY - Tyler, TX
Property Features for 831 W Houston Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
- Patio and Porch features
- Deck
- Interior features
- Ceiling Fan
- Exterior features
- Deck Open, Courtyard, Gutter(s)
- Fencing
- Partial, Wood
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Oven-Electric
- Standard status
- Active
- Size
- 2,966 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Window Unit(s), Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 1932
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile - Ceramic, Carpet, Wood
- Building materials
- Shingles, Brick and Stone
- Roof type
- Composition
Listing agent Jeremey Bernard License #0724140 (903) 881-0500
Listing office Better Homes & Gardens Real Estate I-20 Team 17056 IH 20 W, Lindale, TX (903) 881-0500
Listing date Jul 15, 2026
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.
Investment Insights
Based on property information with market context.
The property is located at 831 W Houston Street in Tyler, near downtown Tyler and the Historic Azalea District.
Outside, residents can enjoy a large shared outdoor entertaining space with a deck.
Key Highlights
- Triplex with 3 separate living units in a single property
- Main building has two units: an upstairs 2BR/1BA and a downstairs 2BR/1BA, each with a full‑size kitchen and dedicated utility room
- Private 1BR/1BA cottage behind the main building, also with a full‑size kitchen
Local 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 | $40.9k | $13.80 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $38.3k | $12.90 |
| − OpEx | −$11.5k | −$3.87 |
| NOI | $26.8k | $9.03 |
