Triplex with Private
831 W Houston Street Tyler, TX 75702
New
831 W Houston Street, Tyler, TX, 75702
$449,000
For Sale
$449,000
MULTI_FAMILY - Tyler, TX
Property Size2,966 SF
Lot Size0.18 Acres
Price / SF$151.38
Days on Market3
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 3, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
- Patio and Porch features
- Deck
- Interior features
- Ceiling Fan
- Exterior features
- Deck Open, Courtyard, Gutter(s)
- Fencing
- Wood, Partial
- 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
- Central, Electric (Heating)
- Cooling system
- Window Unit(s), Ceiling Fan(s), Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1932
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Wood, Carpet, Tile - Ceramic
- Building materials
- Shingles, Brick and Stone
- Roof type
- Composition
Listing Agency
Better Homes & Gardens Real Estate I-20 Team
(903) 881-0500
17056 IH 20 W, Lindale, TX
Listed by
Jeremey Bernard · License #0724140
(903) 881-0500
Added: Jul 15 Checked: Jul 17 at 11:06 pm
MLS# 26009843
Listing URL
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.
This triplex includes three separate living units. The main building has an upstairs unit with 2 bedrooms, 1 bathroom, a dedicated utility room, a full-size kitchen, and a spacious dining area. The downstairs unit offers 2 bedrooms, 1 bathroom, its own utility room, and full-size kitchen and dining space. Tucked behind the main building is a private 1-bedroom, 1-bath cottage with its own full-size kitchen.
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.
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 |
2,966 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$382.7K
$334.9K – $446.5K
NOI $26,789 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$358.7K
$313.8K – $418.4K
NOI $25,106 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$662.0K
$579.3K – $772.3K
NOI $46,340 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex in Tyler with two main units plus a private 1-bedroom, 1-bath cottage and a shared deck.
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 $449,000.
What are key features of this property?
This property features: 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
