MULTIFAMILYRADAR
8-Unit Multifamily in Tyler, TX, photo 1
Stabilized
$3,100,000

8-Unit Multifamily in Tyler, TX

Smith County, TX · listed Feb 26, 2026 (244 days)

Price per unit compared
This property$388K
Within ~40 mi (62)$32K
Texas median (1,196)$92K
$/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.

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