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
--beds
--baths
3,432sqft
Triplex
Built in 1964
-- sqft lot
$603,300 Zestimate®
$189/sqft
$-- HOA
What's special
Stylish updated finishesFully fenced backyardsThree residential unitsLarge parking area
- 215 days
- 61
- 1
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
Facts & features
Interior
Heating
- Central
Cooling
- Central Electric
Features
- Fireplace features: Other
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
- Stories: 1
Lot
- Size: 6.51 Acres
Details
- Parcel number: 100000037700002011
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick
- Foundation: Slab
Condition
- Pre-owned
- Year built: 1964
Utilities & green energy
- Sewer: Aerobic Septic
- Utilities for property: Separate Electric Meter, Individual Gas Meters, Separate Water Meter
Community & HOA
Community
- Security: Audio and Video Surveillance
- 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
- Total actual rent: 3500
- Tenant pays: Electric, Water
Estimated market value
$603,300
$573,000 - $633,000
$1,308/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 |
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| 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
Payment breakdown
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Neighborhood: 75706
Nearby schools
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.





