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$415,000

$439,000

831 W Houston St, Tyler, TX, 75702

On MarketInfo
Price DropInfo
Beds5 Beds
Baths1 Bath
Baths2,966 Sq Ft
TriplexTriplex
price_per_sqft$139.92 / sqft
Year BuiltBuilt in 1932

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
AppliancesDishwasher, Disposal, Electric Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesCourtyard, Uncovered Courtyard
Lot Size7,710 sqft

Building Information

Year Built1970
Roof Type105

Land Information

APN1-50000-0326-00-011000
Lot Number11
SubdivisionT C Williams
Land UseResidential
Legal DescriptionT C WILLIAMS BLOCK 326 LOT 11
Census Tract000700
Assessed Land Value$24,334
Assessed Improvement Value$307,626
Assessment Year2025

About this property

Exceptional Investment Opportunity Near Downtown Tyler & the Historic Azalea District! Don't miss this fantastic opportunity to own a well-maintained triplex in a prime Tyler location, just minutes from vibrant downtown shopping, dining, entertainment, and the beautiful Historic Azalea District. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this versatile property offers outstanding potential. The property features three separate living units. The main building has been updated and includes an upstairs unit with 2 bedrooms, 1 bathroom, a dedicated utility room, a full-size kitchen, and a spacious dining area, the downstairs unit offers 2 bedrooms, 1 bathroom, its own utility room, a full-size kitchen, and dining space. Tucked behind the main building is a private 1-bedroom, 1-bath cottage, complete with its own full-size kitchen, creating an ideal space for long-term tenants, guests, or additional rental income. Each unit provides comfortable living areas with functional layouts designed for everyday living. Outside, residents can enjoy a large shared outdoor entertaining space featuring a nice deck, perfect for relaxing, gathering with friends, or enjoying the peaceful surroundings. With its desirable location, and multiple income-producing units, this property presents an excellent opportunity for investors seeking steady rental income or owner-occupants looking to offset their mortgage. Schedule your private showing today and discover all the possibilities this Tyler triplex has to offer!

Investor Tools

$251,510Estimated Mortgage Balance
$82,032Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

Interested in this property?

Trish Anderson

I-20 Team Real Estate, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$609/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,647
$331,960
2025
$24,334
$307,626
$331,960
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,647
$331,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank And Trust Co
Purchase Money Mortgage
$258,000
No
First
Dec 8, 2024
Dec 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$251,510
$80,450
24%
76%
$1,547/mo

City: Tyler

831 W Houston St | Property Details | No Agent List