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For sale
  • $649,900

    140 Fm 16 W, Tyler, TX 75706

    6beds
    4baths
    3,432sqft
    : 
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    Triplex
    Built in 1964
    -- sqft lot
    $605,800 Zestimate®
    $189/sqft
    $-- HOA

    What's special

    Stylish updated finishesFully fenced backyardsThree residential unitsLarge 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!
    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#: 26003219MLS Logo

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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

        DateEventPrice
        3/6/2026Listed for sale$649,900+30.2%$189/sqft
        Source: GTARMLS #26003219 Report a problem
        2/18/2026Listing removed$499,000$145/sqft
        Source: GTARMLS #25010618 Report a problem
        7/11/2025Listed for sale$499,000-13.8%$145/sqft
        Source: GTARMLS #25010618 Report a problem
        6/12/2024Listing removed--
        Source: LGVBOARD #20236347 Report a problem
        5/1/2024Price change$579,000-7.4%$169/sqft
        Source: GTARMLS #23013981 Report a problem
        3/12/2024Price change$624,999-3.8%$182/sqft
        Source: GTARMLS #23013981 Report a problem
        10/16/2023Listed for sale$650,000+73.6%$189/sqft
        Source: GTARMLS #23013981 Report a problem
        8/8/2022Sold--
        Source: GTARMLS #10146935 Report a problem
        7/19/2022Price change$374,500+7%$109/sqft
        Source: GTARMLS #10146935 Report a problem
        6/28/2022Pending sale$349,900$102/sqft
        Source: GTARMLS #10146935 Report a problem
        4/20/2022Price change$349,900-6.6%$102/sqft
        Source: GTARMLS #10146935 Report a problem
        3/19/2022Listed for sale$374,500$109/sqft
        Source: GTARMLS #10146935 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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

        Getting around

        0 / 100
        Car-Dependent
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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