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$579,000   Price Analysis
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140 FM 16 W
Tyler, TX 75706
6 bed 4 bath 3,432 SqFt ($168/SqFt)
1.46 acre lot. Built 1964
Listed 2023-10-16, Taxes $727
USDA Eligible
near Tyler, TX
 Restrictions may apply
due to home size

Calling all invstors!

This Triplex is the one you've been waiting for. Recently completed this building has had a complete transformation. What was once a store front/office with an apartment has been completely changed into 3 units, a 1 bedroom 1 bath unit, a 2 bedroom 1 bath unit and a 3 bedroom 2 bath u nit.

Large parking area and fully fenced backyards make this the perfect investment. Close to I-20 at the intersection of FM 14 and FM 16 in Red Springs. Tyler address, Winona ISD.


Presented by Ryan Major at
Keller Williams Realty-Ty.
Listing Agent Photo

Property MLS #23013981 from Tyler

Bedrooms: 6

Total Bathrooms: 4
Full Bathrooms: 4

Cooling Features: Central Electric
Heating Features: Central Electric

Lot Size Acres: 1.46
Lot Size Square Feet: 63598

Parking Features: 1 Or More Per Unit, Paved Areas

Elementary School: Winona
High School: Winona
Middle School: Winona

Winona Middle School is a public middle school located approximately 6 miles away.
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Winona High School is a public high school located approximately 6 miles away.
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Winona Elementary School is a public elementary school located approximately 6 miles away.
directions icon Map directions

Number of Units: 3
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 2

Tenant Pays: Electric, Water
Rent Includes: 3700

Annual Tax Amount: 6614.48
Source Listing Status: Active
County: Smith
Directions: From I-20 head N on FM 14. Property located at the corner of 14 and FM 16.
Tax Year: 2023
Source Property Type: MULTI-FAMILY
Area: Smith
Source Neighborhood: ABST A0377 C GREEN
Subdivision: ABST A0377 C GREEN
Zoning: Commercial
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $42,344
$42,344
$727
2021$unknown + $42,344
$42,344
$771
2020$unknown + $42,344
$42,344
$773
2019$12,241 + $37,784
$50,025
$957
2018$12,376 + $33,464
$45,840
$941
2017$12,510 + $33,464
$45,974
$947
2016$12,645 + $33,464
$46,109
$968
2015$12,779 + $33,464
$46,243
$977
2014$12,779 + $30,868
$43,647
$922
2013$12,914 + $30,868
$43,782
$898
2012$13,570 + $30,868
$44,438
$911
2011$unknown + $20,000
$20,000
$407
2010$unknown + $unknown
$14,000
$274
2009$unknown + $unknown
$14,000
$242
2008$unknown + $unknown
$14,000
$203
2007$unknown + $unknown
$14,000
$213

Price Changed 2024-05-01
$579,000
Tyler
Price Changed 2024-03-12
$624,999
Tyler
Listed 2023-10-16
$650,000
Tyler
Sold 2022-08-08
$0
Tyler
Price Changed 2022-07-19
$550,500
Tyler
Price Changed 2022-04-20
$349,900
Tyler
Listed 2022-03-19
$374,500
Tyler
Listing removed 2021-12-27
$499,500
Tyler
Listing removed 2011-05-18
$18,750
NTREIS
Listed 2010-12-15
$18,750
NTREIS

Total Square Feet Living: 3432
Year Built: 1964
Building Exterior Type: Brick and Stone
Foundation Details: Slab
Property Age: 60
Structure Type: Triplex
Year Built Source: CAD

Sewer: AerobicSeptic Sys
Individual Electric Meter
Individual Gas Meters
Individual Water Meters
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.