24-Unit Multifamily in Tyler, TX

Azalea Crossing | (address on request), Tyler, TX 75701

24-Unit Gated Multifamily Investment | Offered at $5,495,000

Azalea Crossing presents a rare opportunity to acquire a 24-unit gated townhome community in Tyler, Texas, featuring a highly uniform and desirable unit mix in an established central Tyler location.

The property consists entirely of two-bedroom, 2.5-bath townhomes, each offering approximately 1,174 square feet of living space. This consistency creates operational efficiency for ownership while also providing residents with spacious, multi-level floor plans that feel more like individual homes than traditional apartment units.

Azalea Crossing is currently 91.7% occupied, with 22 of 24 units leased as of September 22, 2026. The two existing vacancies provide near-term lease-up opportunity without requiring a large-scale repositioning strategy.

The gated community features covered parking, lawn care, 9-foot ceilings, recessed lighting, and equipped kitchens, creating an attractive residential environment with features that differentiate the property from more traditional multifamily offerings. Its townhome-style design, consistent floor plans, and controlled access make the asset especially well suited for investors seeking a manageable, stabilized multifamily property with straightforward operations.

Located near Tyler’s historic Azalea District and within convenient reach of major employment, medical, retail, dining, and educational destinations, Azalea Crossing benefits from an established infill location with strong connectivity to the broader Tyler market.

With a solid existing tenant base, uniform construction, limited current vacancy, gated access, covered parking, and identifiable rental growth potential, Azalea Crossing offers investors the opportunity to acquire a well-maintained multifamily asset with both stability and room for continued income growth.

Multifamily | 24 Units | $228,958/unit

24-unit gated townhome community in Tyler, Texas.

100% two-bedroom / 2.5-bath unit mix, creating consistency across leasing, maintenance, and operations.

Approximately 1,174 square feet per unit, with roughly 28,176 total rentable square feet.

91.7% occupied, with only two current vacancies providing immediate lease-up potential.

Townhome-style layouts provide a more residential feel than a conventional apartment community.

Gated access and covered parking enhance resident convenience and property appeal.

Public rental marketing highlights 9-foot ceilings, recessed lighting, lawn care, and included kitchen appliances.

Uniform unit sizes and finishes support efficient property management, maintenance, and future renovation planning.

Existing leases extend well into 2027 and 2028, helping support continuity in the current tenant base.

Current rents remain below the property’s full market rent potential, providing measured upside through lease-up and future rent growth.

Strong infill location near the Azalea District and central Tyler amenities.

Annual property insurance is now confirmed at $26,477.38, allowing investors to underwrite with known current insurance expense rather than an estimate.

Offered at $5,495,000, providing an opportunity to acquire a stabilized, gated multifamily asset without the execution risk associated with a major renovation or heavy value-add program.