140 Fm 16 W Tyler, TX 75707
Property details
About 140 Fm 16 W
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!
Highlights
Summary
- Total Bedroom Count: 6
- Heating: Electric, Central
- Cooling: Central Air
- List Price: $499,000
- Price/SqFt: $145
- Annual Tax Amount: $6,614
- Tax Year: 2023
- Directions: From I-20 head N on FM 14. Property located at the corner of 14 and FM 16.
- Year Built: 1964
- Stories: 1
- Living Area: 3,432 SqFt
- Lot Size: 1.46 Acres
- MLS Number: 25010618
- MLS Name: TylerTX
- Office Name: Keller Williams Realty-Tyler
- Listing Agent: Ryan Major
Disclaimer: 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. Copyright © 2025 Greater Tyler Association of REALTORS® All rights reserved.
The information on this web site 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 interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
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Last updated on: 7/16/2025, 6:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $417,148 | $6,614 |
| 2022 | $171,493 | $2,946 |
| 2021 | $159,194 | $2,943 |
| 2020 | $161,078 | $3,024 |
| 2019 | $158,056 | $3,152 |
| 2018 | $153,437 | $3,152 |
| 2017 | $156,244 | $3,221 |
History based on county public records data.
Nearby schools
7
Hawkins Elementary School
Public District PK-5
5.0 mi
•179 Hawk Dr
2
Winona Elementary School
Public District PK-5
5.7 mi
•611 Wildcat Dr
7
College Street Elementary School
Public District 1-3
8.3 mi
•106 N College St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,561. The majority of Tyler, TX residents have income between $35k-100k annually. Residents typically live in married, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NASCAR
Hunting
Monster Trucks
Where do the neighbors shop?
Bass Pro Shops
Dollar General
Wal-Mart
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Ram
Chevrolet
What do the neighbors listen to?
Classic Country
New Country- Country
Frequently asked questions
About 140 Fm 16 W
The listing price of 140 Fm 16 W property is $499,000.
The property 140 Fm 16 W is a multi located in Tyler, Texas, 75707.
Active Listing: 140 Fm 16 W is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 140 Fm 16 W are: Hawkins Elementary School (GreatSchools Rating 7/10), Winona Elementary School (GreatSchools Rating 2/10), College Street Elementary School (GreatSchools Rating 7/10), Winona Middle School (GreatSchools Rating 8/10), E J Moss Intermediate School (GreatSchools Rating 7/10), Lindale Jr High School (GreatSchools Rating 9/10), Hawkins High School / Middle School (GreatSchools Rating 6/10), Winona High School (GreatSchools Rating 3/10), Lindale High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $6,614 (source: MLS/based on county public records data).
The property 140 Fm 16 W is 3,432 SqFt (source: MLS/tax record).
The year of construction for 140 Fm 16 W is 1964.
This home is located at 140 Fm 16 W in Tyler, TX and zip code 75706. This 3,432 square foot home, which was built in 1964, sits on a 1.46 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 11, 2025 and is currently priced at $499,000.
In June 2025 more than 12 listings in Tyler, TX were sold above the asking price. During the same period more than 24 listings were sold at asking price, while more than 67 were sold below. The number of homes for sale in Tyler, TX increased by 7.8% between May and June 2025. In June 2025 median list price was $332,859 and the average listing age was 47 days.