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For sale by owner
  • $199,900

    614 Zelwood Dr, Tyler, TX 75701

    4beds
    1,780sqft
    : 
    $1,577/mo
    Get pre-qualified
    SingleFamily
    Built in 1955
    0.3 Acres Lot
    $195,800 Zestimate®
    $112/sqft
    $-- HOA

    Overview

    TURNKEY INVESTMENT OPPORTUNITY IN A GREAT TYLER LOCATION — TENANT-OCCUPIED & INCOME-PRODUCING ?? 614 Zelwood Dr, Tyler, TX 75701 Looking for a rental property that can start producing income from day one? 614 Zelwood Dr is an attractive opportunity for an investor seeking an established rental property located in a great area of Tyler. The property is currently tenant-occupied and generates monthly rental income equal to approximately 1% of the asking price, making it an appealing option for investors focused on immediate income, cash flow, and long-term appreciation. Investment Highlights ? Tenant already in place ? Immediate rental income after closing, subject to the existing lease ? Approximately 1% monthly rent-to-price ratio ? No initial vacancy or tenant-placement period ? Located in a great and convenient area of Tyler ? Close to schools, shopping, restaurants, medical facilities, and major roads ? Strong addition to an existing rental portfolio ? Potential for cash flow and long-term appreciation ? Price is negotiable with a serious offer This is an excellent opportunity for an investor who wants to avoid purchasing an empty property and begin receiving rental income immediately after closing. ?? Tenant-occupied investment properties in great Tyler locations can be difficult to find. Contact us today for the asking price, current rent, lease information, and property details. ?? Call or text for more information or to submit an offer: Karina: 469-562-2560 Juan Carlos: 214-245-6330 Serious investors only. Proof of funds or financing prequalification may be requested. Please do not disturb the tenant. Showings are available by appointment only.
    What the owner loves about this home
    What I love most about this home is its excellent Tyler location, spacious approximately 0.30-acre lot, and immediate income potential. The property is currently tenant-occupied, making it a strong turnkey opportunity for an investor looking to begin receiving rental income from day one. It is located near schools, shopping, restaurants, medical facilities, and major roads, while offering a comfortable home in an established neighborhood. The price is negotiable for a serious buyer.
    2 days
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    343
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    Listed by:

    Property Owner (469) 562-2560

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Forced air, Gas
      Cooling
      • Other
      Appliances
      • Included: Garbage disposal, Refrigerator
      Features
      • Flooring: Hardwood
      Interior area
      • Total interior livable area: 1,780 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage - Attached
      Features
      • Exterior features: Brick
      Lot
      • Size: 0.3 Acres
      Details
      • Parcel number: 150000089200004000

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • brick
      • Foundation: Slab
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1955

      Community & HOA

      Location
      • Region: Tyler

      Financial & listing details

      • Price per square foot: $112/sqft
      • Tax assessed value: $219,781
      • Annual tax amount: $3,739
      • Date on market: 7/26/2026

        Estimated market value

        $195,800

        $186,000 - $206,000

        $1,549/mo

        Price history

        DateEventPrice
        7/26/2026Listed for sale$199,900-1%$112/sqft
        Source: Owner Report a problem
        5/26/2026Listing removed$201,900$113/sqft
        Source: GTARMLS #26002846 Report a problem
        3/30/2026Price change$201,900-1.5%$113/sqft
        Source: GTARMLS #26002846 Report a problem
        3/9/2026Price change$204,900-2.4%$115/sqft
        Source: GTARMLS #26002846 Report a problem
        3/1/2026Listed for sale$209,900+110.1%$118/sqft
        Source: GTARMLS #26002846 Report a problem
        12/23/2018Listing removed$1,295$1/sqft
        Source: Zillow Rental Manager Report a problem
        11/21/2018Price change$1,295-0.4%$1/sqft
        Source: Zillow Rental Manager Report a problem
        11/6/2018Price change$1,300-7.1%$1/sqft
        Source: Go Section8 Report a problem
        11/2/2018Listed for rent$1,400$1/sqft
        Source: Go Section8 Report a problem
        9/21/2018Sold--
        Source: Agent Provided Report a problem
        8/19/2018Pending sale$99,900$56/sqft
        Source: Premier Legacy Real Estate LLC #13886148 Report a problem
        7/9/2018Listed for sale$99,900$56/sqft
        Source: Premier Legacy Real Estate LLC #13886148 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,739 -0.8%$219,781 +1.7%
        2023$3,768 -7.1%$216,171 +4.4%
        2022$4,057 +74.3%$207,069 +86.3%
        2021$2,327 +1.1%$111,123 +1.3%
        2020$2,301 +5%$109,678 +7.1%
        2019$2,192 +2.8%$102,436 +5.1%
        2018$2,132 +438.9%$97,501 -5.8%
        2017$396 $103,494 +8.7%
        2016$396 -0.6%$95,205 +3.5%
        2015$398 $91,943
        2014$398 +3.3%--
        2013$386 -1.8%--
        2012$392 --
        2011$392 --
        2010-- $93,936 +4.3%
        2009-- $90,087 -0.5%
        2008-- $90,500
        2007-- $90,500
        2006-- $90,500 +8.1%
        2005-- $83,700
        2004-- $83,700 +5.7%
        2003-- $79,200 +2.1%
        2002-- $77,600 +5.7%
        2001-- $73,400 +12.7%
        2000-- $65,100
        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: Brookside Park

        Getting around

        21 / 100
        Car-Dependent
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Birdwell
        • Middle: Hubbard
        • High: Lee
        • District: Tyler ISD

        Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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