REQUEST A TOUR
$ 499,000
Est. payment /mo
New
140 FM 16 W Tyler, TX 75707
6 Beds
4 Baths
3,432 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,432 sqft
Price per Sqft $145
Subdivision Abst A0377 C Green
MLS Listing ID 25010618
Bedrooms 6
Year Built 1964
Tax Year 2025
Lot Size 1.460 Acres
Acres 1.46
Property Sub-Type Triplex
Property Description
Investor Alert! This fully renovated Triplex is a rare find and a fantastic income-producing opportunity. Formerly a storefront/office with an attached apartment, the property has been completely reimagined into three residential units: a 1-bedroom, 1-bath, a 2-bedroom, 1-bath, and a 3-bedroom, 2-bath—perfect for a diverse tenant mix and strong rental returns. Each unit features stylish, updated finishes, and the property includes a large parking area and fully fenced backyards, enhancing both privacy and curb appeal. Situated near I-20 at the intersection of FM 14 and FM 16 in Red Springs, this property carries a Tyler address and is located within the Winona ISD. Whether you're an experienced investor or just starting out, this turnkey property checks all the boxes. And with room for expansion from the adjoining property, the potential here only continues to grow. Don't miss your chance to secure a property that's already generating income and offers even more opportunity for the future!
Location
State TX
County Smith
Zoning Commercial
Interior
Heating Central Electric
Cooling Central Electric
Fireplaces Type None
Exterior
View Y/N No
Building
Foundation Slab
Sewer AerobicSeptic Sys
Level or Stories 1 Story
Schools
Elementary Schools Winona
Middle Schools Winona
High Schools Winona
Others
Acceptable Financing Conventional, FHA, VA, Cash
Listing Terms Conventional, FHA, VA, Cash
Listed by Ryan Major • Keller Williams Realty-Tyler