Bruce Rayburn

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Listing provided courtesy of Keller Williams Realty-Tyler- MLS# 26003219MLS Provider

140 FM 16 WTyler, TX 75706

Multi-Family · 3,432 Sq. ft. | 6.51 Acres
$649,900 0

140 FM 16 W Overview

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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!

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140 FM 16 W Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,432
  • Price/Sq.ft. $189
  • Lot 6.51 Acres

Details

General

School Information

  • Elementary School: Winona
  • Middle Or Junior School: Winona
  • High School: Winona

Income/Expenses

  • Owners Expenses: Taxes,Insurance

Listing Information

  • Available Financing: Conventional,FHA,VA,Cash
  • Foreclose/Bank Owned: No
  • Short Sale: No

Building Information

  • Year Built: 1964

Location/Region

  • County Or Parish: Smith
  • Postal City: 75706
  • Subdivision Name: ABST A0377 C GREEN

Rent/Lease Information

  • Tenant Pays: Electric,Water

Tax Information

  • Tax Annual Amount: 7,950.98
  • Tax Year: 2025

General Information

  • Property Sub Type: Triplex
  • Property Type: MULTI-FAMILY
  • Special Listing Conditions: None
  • Zoning: Commercial

Interior

Building Information

  • Security Gate: No

General Information

  • Cooling: Central Electric
  • Fireplace Features: None
  • Foundation Details: Slab
  • Heating: Central Electric
  • Levels: 1 Story
  • Living Area: 3432
  • Living Area Source: CAD
  • Security Features: Audio and Video

Exterior

Parking Information

  • Parking Features: 1 Or More Per Unit,Paved Areas

Lot Information

  • Lot Size Acres: 6.514

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick and Stone

General Information

  • Individually Metered Util: Individual Electric Meter,Individual Gas Meters,Individual Water Meters
  • Lake Community: No
  • Number Of Units Total: 3
  • Sewer: AerobicSeptic Sys

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

140 FM 16 W Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

140 FM 16 W Market Data

Based on the last 30 days in this zip code

$421,829
Average List Price
$206
Average Price per Square Foot
1
Properties Sold
108
Average Days on Market
64
Properties for Sale
Calculations provided by Reliance Network


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