Browse All Smith TX Multi-Family Properties for Sale

6 Beds ⋅ 4 Baths ⋅ 21420064 MLS

Excellent investment opportunity with rental income growth potential in a desirable Tyler location! This well-appointed duplex offers 3,210 total square feet, featuring two spacious 1,605-square-foot residences, each with 3 bedrooms, 2 bathrooms, a downstairs primary suite, fireplace, attached garage with direct interior access, and private fenced backyard. Located approximately 4 miles from the University of Texas at Tyler, this property combines an attractive residential setting with convenient access to shopping, dining, medical facilities, and major employment centers. One unit is currently leased at $1,450 per month, providing immediate rental income, while the second unit is vacant and currently offered for lease at $1,550 per month. With spacious floor plans, desirable amenities, and rental rates that may offer room for future growth, this property presents an opportunity for investors to evaluate increased income potential as leases turn over and market conditions allow. The vacant unit also offers flexibility for an owner-occupant interested in house hacking, living in one residence while collecting rental income from the other. Both units feature functional layouts with comfortable living spaces and sought-after amenities. One residence offers newer luxury vinyl plank flooring, while the other features tile flooring. Individual garages, private fenced backyards, and separate utilities enhance the property's appeal, while the absence of an HOA provides additional ownership flexibility. Whether you're expanding an existing rental portfolio, seeking a multifamily investment with value-add potential through rental optimization, or exploring owner-occupied investment opportunities, this East Tyler duplex offers an appealing combination of location, existing income, and future potential. Don't miss the opportunity to add this versatile income-producing property to your portfolio!

1708 Timber View Dr, Tyler

$2,950,000

34 Beds ⋅ 24 Baths ⋅ 21415318 MLS ⋅ Henshaw Creek Triplexes BLDG.

Incredible Investment Opportunity – Income-Producing Multi-Family Property with Future Expansion Potential! Located in the highly desirable Henshaw Creek Subdivision, one of Tyler’s newest residential developments just off Old Jacksonville near Three Lakes Middle School, this exceptional commercial property offers both strong current rental income and room for future growth. The property features four completed triplex buildings with 12 units total, providing consistent cash flow. Rental rates range from $1,850 to $2,195 per unit. The unit mix includes two 4-bedroom, 2-bath units, six 3-bedroom, 2-bath units, and four 2-bedroom, 2-bath units, all designed with modern layouts and attractive finishes that appeal to today’s tenants. Residents also enjoy access to nearby walking and biking trails along with scenic ponds, adding to the lifestyle appeal and long-term desirability of the property. With immediate income and the potential for continued development, this property offers an excellent opportunity for investors looking to secure a high-performing asset in one of Tyler’s most promising areas. Schedule your showing today to explore the possibilities this unique investment has to offer.

14151 County Road 192, Tyler

$439,000

5 Beds ⋅ 3 Baths ⋅ 21333033 MLS ⋅ 831 W Houston BLDG.

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!

831 W Houston St, Tyler

$605,000

12 Beds ⋅ 4 Baths ⋅ 21295352 MLS ⋅ N/A BLDG.

Prime investment opportunity! 2 duplexes next door to each other at a great discounted price, allowing investors to acquire 2 duplexes with a total of 4 income-producing units. Both duplexes feature two spacious units, with each unit offering 3 bedrooms, 2 full bathrooms, and over 1,500 square feet. The units include a bedroom and a full bathroom on the main level, creating a functional layout that appeals to a wide range of tenants. 2226-2228 has been updated with new flooring and fresh paint. Both units at 2302-2304 are occupied by long-term renters. Conveniently located just minutes from TJC, downtown Tyler, shopping, dining, and the medical district, this location offers strong rental appeal and everyday convenience. A great option for portfolio growth, steady rental income, or a 1031 exchange! Call to set up a showing today!

2228 Aberdeen Dr Unit 2226, Tyler

$820,000

12 Beds ⋅ 10 Baths ⋅ 21210175 MLS ⋅ Boonstra BLDG.

5 DOORS! Looking for the perfect multi-family property in one of the most sought-after towns in East Texas? LOOK NO FURTHER! Situated on 1 acre, this property has so much to offer. Duplex- 3-2, 1275sqft with covered parking for tenants Unit 20337 completely renovated May 2025! Triplex- 2-2, 1,036sqft and built in 2022. Beautiful floorplan, granite, farmhouse sink, covered front and back patio, aerobic sprinkler in back and front yard. ALL units have upgraded appliances including washer & dryer, individual privacy fence in backyard, and brand-new septic tanks with lines. Concrete parking slab with 2 spots per unit. Lots of common space area for tenants to enjoy. property is 100% occupied at all times.

20333 Farm Market Rd, Bullard

$339,900

6 Beds ⋅ 4 Baths ⋅ 21189316 MLS ⋅ Na BLDG.

Don't miss your chance to own this excellent investment opportunity in Tyler! This fully-occupied duplex offers immediate income potential with a strong rental history. Each side features approximately 1,573 square feet with a well-designed 3-bedroom, 2-bathroom layout, providing comfortable living spaces that consistently appeal to tenants. Both units offer spacious living areas. The functional floor plans include generous bedrooms, ample storage, and wide carports for each unit. The property is individually metered with tenants responsible for their own utilities. The owner currently covers yard maintenance, taxes, and insurance, making management straightforward and predictable. With both sides fully leased and a rent increase effective May 1, this is a true turnkey investment opportunity from day one. Positioned in a central location close to shopping, dining, schools, and major thoroughfares, this duplex combines location, layout, and consistent occupancy. Reach out today to secure this fantastic rental portfolio opportunity!

2103 Easy St, Tyler

$1,048,500

21091462 MLS ⋅ Omen Hill Villas BLDG.

Unique investment opportunity in a new Built-to-Rent community. This package features THREE newly constructed and leased single-family detached homes, but investors are welcome to purchase more homes (first-come, first-serve basis) at $349,500 per home. Each home has 4-bedrooms,2.5-bathrooms,2-car garage in a quiet, gated community near UT Tyler and much more! Highlighted features include: energy efficient appliances, spacious open-floor concept downstairs, modern interior designs, granite or quartz countertops, and stainless steel kitchen appliances. Residents within the community also have access to a private dog park. Buyers looking for more than three homes — call one of the agents for other multi-home package options.

4344 Macnab Dr Unit Multi, Tyler

$2,541,000

20965019 MLS ⋅ The Shires BLDG.

The Shires - New 8 Unit Townhome Complex. Newly constructed and 100% occupied 8-unit townhome complex in Flint, Texas with value-add upside! Purchasers will have the opportunity to develop 20 more units on an additional 1.5 acres primed for vertical construction. Highlights: • Year 1 NOI: $125,268. • Additional land + infrastructure for developers. • Per Unit: 3 bedroom, 2 bathroom. ~ $1,896 rent per mo. ~ 1,400 SF. • 16 parking spots (2 per unit). • Modern interior finishes. Contact agent for OM.

18747 Fm 2493, Flint

$1,650,000

11 Beds ⋅ 10 Baths ⋅ 20936927 MLS ⋅ No Name BLDG.

Currently income producing, value add opportunity. SF home 3200 sqft 3bed 2bath was a wedding venue built 2017,converted to home 2022, exterior, metal siding, metal roof for extremely low maintenance. Fenced in back yard, new NO maintenance composite decking, enjoy the view of the pond, trees and open space. Includes hot tub, built -in Catio. This house makes for easy country living. There are 2 additional spaces outside that can easily be converted into a green house, storage or sitting area. A little creativity the possibilities are endless. Home has spacious, open floor plan 20 ft ceilings in main living area. Galley kitchen, walk in pantry, 2 separate storage closets. Kitchen is a chef’s dream with a double door commercial refrigerator, 500lb ice machine is included, separate laundry room, and office. The master bedroom is a dream, with a separate oversized sitting room from the master on-suite, that can be used as craft room, exercise room or baby room. Bedroom 2 is secluded, with a walk in closet, the third bedroom is large and spacious. 36 acre income producing property, which includes 8 rental units, currently occupied, has laundry room with coin op washing machines. Possible value adds to rent main house, option to put separate electric meters to have tenants pay their own electric or consider solar panels. Add more rental units, possibilities are endless. Management pays for water, lawn maintenance, trash service, septic maintenance, that is included in the monthly rent. Tenants are currently month to month, no lease agreements in place. Buyer could raise rents to market value, put lease agreements in place if desired. Rental floor plans and details are available, some photos are included in listing. Will consider dividing the land only portion, see MLS 21000883 Will consider owner financing, with 40% down. Terms can be discussed with serious buyer.

13597 County Road 35, Tyler

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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Browse All Smith TX Multi-Family Properties for Sale

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