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For sale
  • $499,000

    140 Fm 16 W, Tyler, TX 75706

    6beds
    4baths
    3,432sqft
    : 
    Triplex
    Built in 1964
    -- sqft lot
    $482,400 Zestimate®
    $145/sqft
    $-- HOA

    What's special

    Stylish updated finishesFully fenced backyardsLarge parking area
    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!
    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#: 25010618MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 140 Fm 16 W.

    Next available tour time:Tomorrow at 9am

    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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