140 FM 16 W, Tyler, TX 75707

Local realty services provided by:Better Homes and Gardens Real Estate I-20 Team
140 FM 16 W,Tyler, TX 75707
$499,000
  • - Beds
  • - Baths
  • 3,432 sq. ft.
  • Multi-family
  • Active
Listed by:ryan major
Office:keller williams realty-tyler
MLS#:25010618
Source:TX_GTAR

Price summary

  • Price:$499,000
  • Price per sq. ft.:$145.4

About this home

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

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Home facts

  • Year built:1964
  • Listing ID #:25010618
  • Added:75 day(s) ago
  • Updated:September 23, 2025 at 02:40 PM

Rooms and interior

  • Living area:3,432 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Heating:Central Electric

Structure and exterior

  • Year built:1964
  • Building area:3,432 sq. ft.
  • Lot area:1.46 Acres

Schools

  • High school:Winona
  • Middle school:Winona
  • Elementary school:Winona

Utilities

  • Sewer:Aerobic Septic System

Finances and disclosures

  • Price:$499,000
  • Price per sq. ft.:$145.4
Information provided, in part, by Greater Tyler Association of REALTORS<REGISTERED_LOGO> Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interest in purchasing. Information deemed reliable but is not guaranteed.

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