8310/8312 Garrett Dr, Tyler, TX 75703
MULTI_FAMILY - Tyler, TX
Property Features for 8310/8312 Garrett Dr
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
Parking is provided via a garage. Utilities are supported by public water and public sewer services.
Built in 1982, the property totals 2,425 SF and is currently occupied by long-term tenants.
Key Highlights
- Duplex with two rental units: three‑bedroom/two‑bath and two‑bedroom/two‑bath
- 2,425 SF total building size
- Brick veneer construction with composition roof
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 | $33.5k | $13.80 |
| − Vacancy | −$2.2k | −$0.90 |
| EGI | $31.3k | $12.90 |
| − OpEx | −$9.4k | −$3.87 |
| NOI | $21.9k | $9.03 |
Alternative Uses
Property Analytics
Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 75703, TX
Market
Vacancy Rate% for Multifamily in South region