MULTIFAMILYRADAR
12-Unit Multifamily in Tyler, TX, photo 11 / 2
NewStabilized
$2,950,000

12-Unit Multifamily in Tyler, TX

TX · listed Oct 20, 2026 (8 days)

Price per unit compared
This property$246K
Within ~40 mi (62)$32K
Texas median (1,196)$92K
$/unit
$245,833
▲ 167% vs TX · 91st pct
Cap rate
—
 
NOI
$189K
$15,765/unit/yr
Units
12
4 bldg · 2023

Financials

Asking price
$2,950,000
Price per unit
$245,833
Price per sq ft
$173
Gross rent / year
$291,240
Net operating income
$189,178
NOI per unit
$15,765
Cap rate
Not stated
Gross yield
9.9%gross rent ÷ price
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
12
Unit mix
two 4-bedroom, 2-bath units, six 3-bedroom, 2-bath units, and four 2-bedroom, 2-bath units
Buildings
4
Year built
2023
Building size
17,065 sq ft
Avg unit size
1,422 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Oct 20, 2026
Days on market
8 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1236

About this property

Incredible Investment Opportunity – Income-Producing Multi-Family Property with Future Expansion Potential! Located in the highly desirable Henshaw Creek Subdivision, one of Tyler’s newest residential developments just off Old Jacksonville near Three Lakes Middle School, this exceptional commercial property offers both strong current rental income and room for future growth. The property features four completed triplex buildings with 12 units total, providing consistent cash flow. Rental rates range from $1,850 to $2,195 per unit. The unit mix includes two 4-bedroom, 2-bath units, six 3-bedroom, 2-bath units, and four 2-bedroom, 2-bath units, all designed with modern layouts and attractive finishes that appeal to today’s tenants. Residents also enjoy access to nearby walking and biking trails along with scenic ponds, adding to the lifestyle appeal and long-term desirability of the property. With immediate income and the potential for continued development, this property offers an excellent opportunity for investors looking to secure a high-performing asset in one of Tyler’s most promising areas. Schedule your showing today to explore the possibilities this unique investment has to offer.

Location

Approximate area. The exact address is shared on request.

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