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3,432 sqft

$649,900

140 FM 16 W, Tyler TX, 75706

Price per sqft$189.36
Built in1964
Property size3,432 sqft
Property typeMulti-family

Overview

Active

Listed Mar 6, 2026

Updated 2 days ago

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!

$4,324/mo

Est. mortgage payment based on a $649,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$7,951
Tax Frequency
Annually

 

Courtesy of Ryan Major, Keller Williams Realty-Tyler

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed.

 Data last updated: 10/6/2026, 2:58 PM UTC.

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