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
$649,900
140 Fm 16 W, Tyler, TX 75706
6beds
4baths
3,432sqft
Triplex
Built in 1964
-- sqft lot
$605,800 Zestimate®
$189/sqft
$-- HOA
What's special
Stylish updated finishesFully fenced backyardsThree residential unitsLarge parking area
- 120 days |
- 109 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Ryan Major 903-307-2884,
Keller Williams Realty-Tyler,
Ryan Major 903-307-2884
Source: GTARMLS,MLS#: 26003219
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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: 6.51 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: $189/sqft
- Tax assessed value: $413,026
- Annual tax amount: $7,950
- Date on market: 3/6/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Electricity, Water
Estimated market value
$605,800
$576,000 - $636,000
$1,472/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Listed for sale | $649,900+30.2%$189/sqft |
Source: | ||
| 2/18/2026 | Listing removed | $499,000$145/sqft |
Source: | ||
| 7/11/2025 | Listed for sale | $499,000-13.8%$145/sqft |
Source: | ||
| 6/12/2024 | Listing removed | -- |
Source: | ||
| 5/1/2024 | Price change | $579,000-7.4%$169/sqft |
Source: | ||
| 3/12/2024 | Price change | $624,999-3.8%$182/sqft |
Source: | ||
| 10/16/2023 | Listed for sale | $650,000+73.6%$189/sqft |
Source: | ||
| 8/8/2022 | Sold | -- |
Source: | ||
| 7/19/2022 | Price change | $374,500+7%$109/sqft |
Source: | ||
| 6/28/2022 | Pending sale | $349,900$102/sqft |
Source: | ||
| 4/20/2022 | Price change | $349,900-6.6%$102/sqft |
Source: | ||
| 3/19/2022 | Listed for sale | $374,500$109/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,626 +0.2% | $413,026 -1% |
| 2023 | $6,614 +124.5% | $417,148 +143.2% |
| 2022 | $2,946 +1.6% | $171,493 +7.7% |
| 2021 | $2,899 -1.5% | $159,194 -1.2% |
| 2020 | $2,943 -2.7% | $161,078 +1.9% |
| 2019 | $3,025 -4.1% | $158,056 +3% |
| 2018 | $3,153 -2.1% | $153,437 -1.8% |
| 2017 | $3,222 -0.1% | $156,244 +1.7% |
| 2016 | $3,225 +7.3% | $153,592 +2.6% |
| 2015 | $3,006 | $149,698 |
| 2014 | $3,006 | -- |
| 2004 | -- | $80,000 +3.6% |
| 2003 | -- | $77,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 75706
Nearby schools
GreatSchools rating
- 3/10Winona Elementary SchoolGrades: PK-5Distance: 5.9 mi
- 8/10Winona Middle SchoolGrades: 6-8Distance: 5.9 mi
- 3/10Winona High SchoolGrades: 9-12Distance: 5.9 mi
Schools provided by the listing agent
- Elementary: Winona
- Middle: Winona
- High: Winona
Source: GTARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- Smith County
- Tyler
- 75706
- 140 Fm 16 W




