Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    75702 75703 Tyler, TX 75701

    For Sale
    $6,608,000

    High-Yield East Texas Rental Homes

    Property size:
    50,261 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a portfolio of 38 single-family rental homes located in Tyler, Texas. Situated in Smith County, these properties boast a combined 50,261 square feet, offering a compelling $6,608,000 asking price, or $166,000 per unit. The portfolio generates a substantial net operating income (NOI) of $487,151, translating to an attractive 7.72% capitalization rate and a price per square foot of $125.50. The properties are spread across Tyler, TX zip codes 75701, 75702, and 75703, offering a diverse range of floor plans. Tyler's strategic location, just 90 miles east of Dallas, benefits from proximity to Interstate 20 and a regional airport with daily connections to Dallas/Fort Worth International Airport. This thriving East Texas city, part of Texas's fastest-growing metro area, boasts a population exceeding 225,000, fueling consistent demand for housing. The portfolio's strong performance is further enhanced by the potential for rent increases and its designation as an Opportunity Zone. This fee-simple ownership opportunity allows for the purchase of the entire portfolio or individual groups (see brochure for details). This is a rare chance to acquire a significant, high-performing rental portfolio in a rapidly expanding market.

    Property Features for 75702 75703

    General Information

    Property type
    Multifamily properties
    Square Feet
    50,261 SF

    Building Details

    Units
    38

    HighLights

    • Portfolio of 38 single‑family rental homes in Tyler, TX.
    • Located 90 miles from the Dallas/Fort Worth metroplex.
    • Strong demand for housing in a rapidly growing market.
    • Potential for rent increases and enhanced portfolio performance.
    • Designated Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.2997959
    Latitude
    32.3243856

    Nearby Similar for Sale

    • $6,900,000
      71,560 SF

      Iconic Entertainment Venue on 44 Acres

      East Texas entertainment venue with arena, kitchen, and expansion potential.
      10408 Hwy E, Tyler, TX 75707
      View Details
    • $510,000
      3,850 SF

      Spacious Duplex in Tyler, TX

      3,850 sqft duplex featuring 3 beds, 2 baths, and 2-car garage.
      3712 Colony Park Dr, Tyler, TX 75701
      View Details
    • $3,250,000
      42,008 SF

      Tyler Industrial Property with Expansion Potential

      Well-equipped industrial property suitable for manufacturing or fabrication operations.
      8102 County Road 313 E, Tyler, TX 75706
      View Details
    • $6,900,000
      71,560 SF

      East Texas Entertainment Venue Opportunity

      Iconic 44-acre entertainment venue with redevelopment potential.
      10408 Hwy, Tyler, TX 75707
      View Details
    • $750,000
      5,220 SF

      Tyler Office Building For Sale

      Commercial office building with twelve offices, reception, and parking.
      200 E Amherst Dr, Tyler, TX 75701
      View Details
    • $319,900
      2,070 SF

      Duplex Near Hospitals and College

      Two homes on one property, ideal for rental income.
      515 Charnwood St, Tyler, TX 75701
      View Details

    FAQs

    What type of property is this?
    Multifamily property - High-Yield East Texas Rental Homes
    Where is this multifamily property located?
    The property is located at 75702 75703 Tyler, TX.
    What is the asking price?
    The asking price for this property is $6,608,000.
    What are key features of this property?
    This property features: Portfolio of 38 single-family rental homes in Tyler, TX.; Located 90 miles from the Dallas/Fort Worth metroplex.; Strong demand for housing in a rapidly growing market.
    Request Owner's contact information
    75702 75703 Tyler, TX 75701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    75702 75703
    Tyler, TX 75701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    75702 75703 Tyler, TX 75701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.