Historic Triplex with
For Sale
$415,000
831 W Houston Street, Tyler, TX 75702
Residential Income, Tyler, TX
Property Size2,966 SF
Lot Size0.18 Acres
Price / SF$139.92
Days on Market91
Property Features for 831 W Houston Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Patio and Porch features
Deck
Interior features
Ceiling Fan
Exterior features
Courtyard, Rain Gutters
Fireplace
1
Appliances
Dishwasher, Disposal, Electric Oven
Subdivision
T C Williams
Elementary school
Peete
Middle school
Hubbard
High school
Tyler Legacy
Directions
In Tyler, North on Broadway, left onto Houston Street, pass Vine Avenue, property is on the ight. SIY.
Standard status
Active
Size
2,966 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Block 326 Lot 11 T C Williams Sub
Tax Annual Amount
4700
Legal Description
Block 326 Lot 11 T C Williams Sub
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s), Electric, Window Unit(s)
Water source
Public
Amenities
shared outdoor area
spacious deck
Building Details
Year built
1932
Floors in Building
2
Number of units
3
Flooring type
Wood, Tile - Ceramic, Carpet
Building materials
Shingle Siding, Brick
Roof type
Composition
Listing Agency:
Better Homes & Gardens Real Es · Better Homes and Gardens Real Estate
(903) 881-0500
Listed By:
Jeremey Bernard · License #0724140
(903) 376-4045
Added: Jul 15
Changed: Oct 8
Last Checked: Oct 13 at 10:06PM
MLS# 26009843
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.
Built in 1932, this renovated triplex contains two two-bedroom, one-bath apartments in the main building and a detached one-bedroom, one-bath cottage. Each residence has its own kitchen. The property also includes a shared outdoor area with a deck, a new roof, updated HVAC and electrical systems, and public water and sewer service. The parcel measures 0.18 acres.
Key Highlights
- Three residences: two 2‑bedroom, 1‑bath apartments and a 1‑bedroom, 1‑bath cottage
- All three units are currently occupied
- Renovated property built in 1932 on a 0.18‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,789
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,780
$535.8K
Cap Rate 7%
$382,700
$382.7K
Cap Rate 9%
$297,656
$297.7K
Market Conditions
NOI Build-Up for 2,966 SF
Gross rent
$40.9K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$38.3K $12.90/SF
− OpEx
−$11.5K −$3.87/SF
NOI
$26.8K $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%
$535,780
Cap Rate 7%
$382,700
Cap Rate 9%
$297,656
Alternative Uses
Best Use
Multifamily LT 5
$382.7K
$334.9K – $446.5K
NOI $26,789 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$358.7K
$313.8K – $418.4K
NOI $25,106 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$662.0K
$579.3K – $772.3K
NOI $46,340 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,726
Businesses Nearby
Explore this area
Business Placement
Demographics for 75702, TX
26,777
Population
10,273
Households
2.6
Avg Household Size
32
Median Age
8%
College-Educated
72%
High-School Grad
14.1 sq mi
ZIP Area
1,899
Density / Sq Mi
$51,177
Median Household Income
$30,399
Median Earnings
$906
Median Rent
$99,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied units include two two-bedroom apartments and a separate one-bedroom cottage.
Where is this triplex located?
The property is located at 831 W Houston Street Tyler, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Three residences: two 2‑bedroom, 1‑bath apartments and a 1‑bedroom, 1‑bath cottage; All three units are currently occupied; Renovated property built in 1932 on a 0.18‑acre parcel
