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!
For sale
$499,000
140 Fm 16 W, Tyler, TX 75706
6beds
4baths
3,432sqft
Est.:
Triplex
Built in 1964
-- sqft lot
$482,400 Zestimate®
$145/sqft
$-- HOA
What's special
Stylish updated finishesFully fenced backyardsLarge parking area
- 25 days
- on Zillow |
- 190 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 04:30am
Listed by:
Ryan Major 903-307-2884,
Keller Williams Realty-Tyler
Source: GTARMLS,MLS#: 25010618

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Electric
Features
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,432
- Total interior livable area: 3,432 sqft
Property
Parking
- Parking features: 1 Or More Per Unit, Paved
Features
- Levels: One
Lot
- Size: 1.46 Acres
Details
- Parcel number: 100000037700002011
- Zoning description: Commercial
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick and Stone
- Foundation: Slab
Condition
- Year built: 1964
Utilities & green energy
- Electric: Individual Electric Meter
- Gas: Individual Gas Meters
- Sewer: Aerobic Septic
- Water: Individually Metered: Individual Water Meters
Community & HOA
Community
- Subdivision: ABST A0377 C GREEN
Location
- Region: Tyler
Financial & listing details
- Price per square foot: $145/sqft
- Tax assessed value: $413,026
- Annual tax amount: $7,950
- Date on market: 7/11/2025
- Listing terms: Conventional,FHA,VA Loan,Cash
- Tenant pays: Electricity, Water
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