Date
Details
Price
Change
Source
7/11/2025
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/48
$499,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/48
Property Description
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!
Full Property Details
Full Property Details for 140 Fm 16 W
General
- Price: $499,000
- Taxes: $7,950 (2025)
- Status: Active
- Type: Triplex
- Source: Tyler_MLS
- MLS ID: 25010618
- Updated: 7/16/2025
- Added to Site: 190 day(s) ago
Interior
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 4
Parking
- Parking: 1 Or More Per Unit, Paved Areas
Location
- County: Smith
- Subdivision: ABST A0377 C GREEN
- Driving Directions: From I-20 head N on FM 14. Property located at the corner of 14 and FM 16.
School Information
- Elementary School: Winona
- Middle School: Winona
- High School: Winona
Heating & Cooling
- Cooling Type: Central Electric
- Heating Type: Central Electric
Utilities
- Sewer: AerobicSeptic Sys
- Metering: Individual Electric Meter, Individual Gas Meters, Individual Water Meters
Structural Information
- Exterior Const.: Brick and Stone
- Foundation: Slab
- Square Feet: 3,432
- Sq. Ft. Source: CAD
- Year Built: 1964
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 2
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 1.46
- Zoning: Commercial
Financial Considerations
- Tax Amount: $7,950
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA
- Landlord Pays: Insurance, Taxes
- Tenant Pays: Electric, Water
Disclosures and Reports
- Special Conditions: None
Listed by Keller Williams Realty-Tyler, Ryan Major
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 140 Fm 16 W —
Ryan Major
Keller Williams Realty-Tyler
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 140 Fm 16 W
School District:Winona Independent School District
| Name | Grades | Distance |
|---|---|---|
Winona Elementary School 611 Wildcat Drive, Winona, TX 75792 | PK-5 | 5.8 mi |
Winona Middle School 611 Wildcat Drive, Winona, TX 75792 | 6-8 | 5.8 mi |
Winona High School 611 Wildcat Drive, Winona, TX 75792 | 9-12 | 5.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 140 Fm 16 W
Tax History
Tax History for 140 Fm 16 W
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,626
—
$413,026
-24%
2024
$6,626
—
$541,376
30%
2023
$6,614
125%
$417,148
143%
2022
$2,946
2%
$171,493
8%
2021
$2,899
-1%
$159,194
-1%
2020
$2,943
-7%
$161,078
5%
2018
$3,153
-2%
$153,437
-2%
2017
$3,222
—
$156,244
2%
2016
$3,225
2%
$153,592
3%
2015
$3,163
5%
$149,698
-5%
2019
$3,025
—
$158,056
11%
2013
$3,010
—
$142,251
-3%
2013
$3,010
—
$146,740
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 140 Fm 16 W
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
140 Fm 16 W, Tyler, TX 75707 (MLS# 25010618) is a Triplex property with 0 bedrooms and 0 full bathrooms. 140 Fm 16 W is currently listed for $499,000 and was received on July 11, 2025. Want to learn more about 140 Fm 16 W? Do you have questions about finding other Triplex real estate for sale in Tyler? You can browse all Tyler real estate or contact a Coldwell Banker agent to request more information.