Other Multifamily Rental
8310-8312 Garrett Drive Tyler, TX 75703
8310-8312 Garrett Drive, Tyler, TX, 75703
$349,000
For Sale
$349,000
For sale other multifamily rental investment property at 8310–8312 Garrett Drive in Tyler, TX.
Property Size2,425 SF
Price / SF$143.92
Days on Market93
Property Features for 8310-8312 Garrett Drive
General Information
- Standard status
- Active
- Size
- 2,425 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1982
Listing agency
Realty One Group Rose
(903) 330-2950
Listed by
Chris Phillips · License #0590270
Source
Compass
Added: Apr 20 Updated: Jul 20 at 8:53PM Checked: Jul 20 at 8:53PM
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 Realty One Group Rose
Investment Insights
Based on property information with market context.
This other multifamily property at 8310–8312 Garrett Drive offers an investment-oriented configuration within a single listing. The property is being offered for sale at a list price of $349,000 and totals 2,425 square feet.
Positioned in Tyler, Texas, the asset is presented in the public remarks as a rental investment opportunity. Prospective buyers and tenants should review the property directly and with their advisors to confirm day-to-day suitability, unit configuration, and condition details not provided in the listing materials.
For questions or to schedule a showing, contact the listing broker.
Positioned in Tyler, Texas, the asset is presented in the public remarks as a rental investment opportunity. Prospective buyers and tenants should review the property directly and with their advisors to confirm day-to-day suitability, unit configuration, and condition details not provided in the listing materials.
For questions or to schedule a showing, contact the listing broker.
Key Highlights
- 1‑story brick veneer multifamily rental at 8310–8312 Garrett Drive in Tyler, TX
- Built in 1982 with a slab foundation
- Central electric heating and central electric cooling, plus ceiling fans
Local Financial Insights For Apartment 5plus
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 | $39.3k | $16.20 |
| − Vacancy | −$2.0k | −$0.81 |
| EGI | $37.3k | $15.39 |
| − OpEx | −$16.8k | −$6.93 |
| NOI | $20.5k | $8.46 |
2,425 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$293.2K
$256.6K – $342.1K
NOI $20,526 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$541.3K
$473.6K – $631.5K
NOI $37,888 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - For sale other multifamily rental investment property at 8310–8312 Garrett Drive in Tyler, TX.
Where is this multifamily property located?
The property is located at 8310-8312 Garrett Drive Tyler, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1‑story brick veneer multifamily rental at 8310–8312 Garrett Drive in Tyler, TX; Built in 1982 with a slab foundation; Central electric heating and central electric cooling, plus ceiling fans
