8-Unit Multifamily in Tyler, TX
Smith County, TX · listed Feb 26, 2026 (244 days)
- $/unit
- $387,500
- ▲ 321% vs TX · 97th pct
- Cap rate
- 6.4%
- ▼ 1.0 pts vs TX median
- NOI
- $198K
- $24,711/unit/yr
- Units
- 8
- 4 bldg · 2023
Financials
- Asking price
- $3,100,000
- Price per unit
- $387,500
- Price per sq ft
- $207
- Gross rent / year
- Not stated
- Net operating income
- $197,690
- NOI per unit
- $24,711
- Cap rate
- 6.4%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- 2–3 bedroom unit mix
- Buildings
- 4
- Year built
- 2023
- Building size
- 14,980 sq ft
- Avg unit size
- 1,873 sq ft
- Lot size
- 0.96 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Feb 26, 2026
- Days on market
- 244 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1037
About this property
FOR SALE: Four newly constructed duplexes (8 total units), 100% occupied, delivering strong in-place performance at an attractive 6.3% cap rate with an average rent rate of $1.49/SF. Designed with modern finishes and durable, low-maintenance materials, this property targets quality tenants and provides a turnkey opportunity for investors seeking stabilized cash flow in a growing area.
Each unit features open-concept living, high ceilings, and abundant natural light. Kitchens are finished with stainless steel appliances, quartz countertops, custom cabinetry, and a breakfast bar. Units offer 2–3 bedrooms, including primary suites with well-appointed bathrooms featuring dual vanities and walk-in showers. Tenants enjoy fenced backyards, with yard maintenance handled by the HOA, supporting a low-touch ownership profile. Additional features include energy-efficient appliances and construction, attached 2-car garages, and ample additional parking.
The neighborhood is positioned for continued demand with future amenities planned, including a pond and walking/biking trails, and is conveniently located near shopping, schools, and parks.
Bonus Upside / Expansion: Additional duplex lots are also available for sale immediately adjacent to the community, offering a rare opportunity to expand the footprint and create a scalable duplex portfolio in one location.
Multifamily | 8 Units | $387,500/unit
Highlights
- 4 newly constructed duplexes | 8 total units
- 100% occupied with in-place cash flow
- Offered at an attractive ~6.3% cap rate (per seller)
- Average rent of $1.49/SF (in-place)
- Modern unit finishes: open-concept layouts, high ceilings, strong natural light
- Upgraded kitchens with stainless appliances, quartz countertops, custom cabinetry, and breakfast bar
- 2–3 bedroom unit mix with primary suites; bathrooms feature dual vanities and walk-in showers
- Fenced backyards for each unit; HOA maintains yards (reduced landlord maintenance)
- Energy-efficient construction/features and appliances
- Attached 2-car garages for each unit plus additional parking
- Future neighborhood amenities planned: pond, walking & biking trails
- Expansion upside: additional duplex lots available adjacent for future development and portfolio scaling
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Tyler, TXNewStabilized | $2.95M | $246K$246K | 9.9%gy |
| Tyler, TX | $875K | $146K$146K | — |
Value-add | $2.54M | $318K$318K | 7.2%gy |
Stabilized | $5.5M | $229K$229K | 5% |
Tyler, TXOwner financingValue-add | $1.65M | $183K$183K | 5.8% |
Lindale, TXNew | $2.7M | $180K$180K | — |


