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    1320 Houston St Tyler, TX 75702
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    1320 Houston St, Tyler, TX 75702

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    • Small apartment buildings
    Off-Market
    Property ID
    US82-6312704
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 1320 Houston St

    Year built
    2010
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a portfolio of three duplexes, totaling six units, located in Midtown Tyler, Texas, at 1320 E Houston St, zip code 75702. Built between 2010 and 2011, these Class B properties boast 100% occupancy and offer immediate cash flow. Each unit is currently subleased as a high-performing Airbnb, simplifying management for the new owner. The portfolio benefits from a prime location near hospitals, dining, entertainment, cultural attractions, and the new UT Tyler School of Medicine, ensuring consistent high occupancy rates. Recent improvements include new roofs on all buildings, minimizing maintenance needs. This low-maintenance, high-return investment is ideal for those seeking a stable, passive income stream in a thriving Texas market. The property is situated in Smith County and offers excellent potential for long-term growth and appreciation. The asking price for this turnkey investment is $950,000. This represents a rare opportunity to acquire a fully leased, well-maintained multifamily portfolio with minimal operational overhead.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.284563041327
    Latitude
    32.34392865255

    Comparable in this City

    • Contact for pricing
      12,936 SF

      Multifamily Investment Opportunity in Tyler

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    • $770,000
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      Downtown Tyler Redevelopment Opportunity

      Seven-building, ten-unit property near courthouse with redevelopment potential.
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    • $275,000
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      Remodeled Duplex Near Downtown Tyler

      Updated duplex near downtown Tyler, ideal for investors or owner-occupants.
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    • $100,000
      0.17 Acres

      Updated Duplex in Tyler, TX

      Updated duplex with income potential in Tyler, Texas.
      2924 Carter Blvd W, Tyler, TX 75702
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    • $275,000
      1,897 SF

      Remodeled Duplex Near Downtown Tyler

      Recently remodeled duplex with income potential, near downtown Tyler.
      1423 E Elm St, Tyler, TX 75702
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    • Contact for pricing

      Multi-Use Property in Tyler

      Multi-use property suitable for office, industrial, or residential purposes.
      1520 E Erwin St, Tyler, TX 75702
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    Similar Nearby for Sale

    • Contact for pricing
      12,936 SF

      Multifamily Investment Opportunity in Tyler

      Multifamily property with income and growth potential in Tyler, Texas.
      1513 N Ross Ave, Tyler, TX 75702
      View Details
    • $770,000
      10,000 SF

      Downtown Tyler Redevelopment Opportunity

      Seven-building, ten-unit property near courthouse with redevelopment potential.
      400 E Ferguson St, Tyler, TX 75702
      View Details
    • $275,000
      0.23 Acres

      Remodeled Duplex Near Downtown Tyler

      Updated duplex near downtown Tyler, ideal for investors or owner-occupants.
      1423 E Elm St, Tyler, TX 75702
      View Details
    • $100,000
      0.17 Acres

      Updated Duplex in Tyler, TX

      Updated duplex with income potential in Tyler, Texas.
      2924 Carter Blvd W, Tyler, TX 75702
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    • $275,000
      1,897 SF

      Remodeled Duplex Near Downtown Tyler

      Recently remodeled duplex with income potential, near downtown Tyler.
      1423 E Elm St, Tyler, TX 75702
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    • Contact for pricing

      Multi-Use Property in Tyler

      Multi-use property suitable for office, industrial, or residential purposes.
      1520 E Erwin St, Tyler, TX 75702
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    Similar Nearby for Lease

    • $1,500 /Mo
      74,052 SF

      Covered Storage & Yard For Lease

      Covered storage with yard near East Loop 323.
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    • $58,333
      365,033 SF

      Tyler Land Ready For Development

      8.38 acres available for warehouse, distribution, or flex space.
      3020 Highway 31 E, Tyler, TX 75702
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    • Contact for pricing
      6,000 SF

      Renovated Showroom/Warehouse Space Available

      6,000 SF showroom/warehouse with modern finishes and loading bays.
      2121 W Erwin St, Tyler, TX 75702
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    • Contact for pricing

      Downtown Tyler Retail Space Available

      9200 SF retail space in up-and-coming Tyler, TX.
      106 E Elm St, Tyler, TX 75702
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    • Contact for pricing

      Downtown Tyler Office Spaces Available

      Office spaces for rent in Downtown Tyler near amenities.
      120 S Broadway Ave, Tyler, TX 75702
      View Details
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    1320 Houston St
    Tyler, TX 75702
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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