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$312,450
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Property Description
Great income opportunity! 3 units with covered parking located just a short drive to the medical district or downtown Tyler. Ideal for long-term rentals, short-term rentals, or VRBO rentals! Each unit has a living area, kitchen/dining, bedroom, and full bath. Excellent location!
Full Property Details
Full Property Details for 507 S Fannin Ave
General
- Price: $312,450
- Taxes: $6,812 (2025)
- Status: Active
- Type: Commercial
- Source: Tyler_MLS
- MLS ID: 26012019
- Updated: 8/28/2026
- Added to Site: 18 day(s) ago
Additional Information
- Security/Safety: Audio and Video Surveillance
Parking
- Parking Features: Covered
Location
- County: Smith
- Driving Directions: From Broadway and Front St: drive east on Front St. Right on Fannin. Property on right with sign in yard.
Heating & Cooling
- Cooling Type: Central Electric
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Separate Electric Meter, Individual Gas Meters, Separate Water Meter
Structural Information
- # Buildings: 1
- Construction: Brick
- Ceiling Height: Under 10 Feet
- Current Bldg. Use: Apartments
- Year Built: 1953
- Year Built Source: SCAD
- Property Condition: Pre-owned
Lot Features
- Lot Size (Acres): 0.175
- Lot Dimensions: .349 acres
- Lot Features: Inside City Limits, Major Arteries
- Lot Description: Half Acre Or Less
Financial Considerations
- For Sale: Yes
- For Sale/Rent/Lease: For Sale
- Tax Amount: $6,812.48
- Tax Year: 2025
- Tenant Pays: Electric, Gas
Disclosures and Reports
- Legal Description: T W Jones Block 78-B Lot 31
Listed by Newberry Real Estate, Brad Newberry
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Schools
Schools serving 507 S Fannin Ave
School District:Tyler Independent School District
| Name | Grades | Distance |
|---|---|---|
Bonner Elementary School 235 South Saunders Avenue, Tyler, TX 75702 | PK-5 | 0.5 mi |
Hubbard Middle School 1300 Hubbard Drive, Tyler, TX 75703 | 6-8 | 3.1 mi |
Tyler Legacy High School 4500 Red Raider Drive, Tyler, TX 75703 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 507 S Fannin Ave
Date
Details
Price
Change
Source
8/28/2026
Listed
$312,450
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 507 S Fannin Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,812
2%
$417,751
7%
2024
$6,651
10%
$390,943
12%
2023
$6,066
9%
$347,985
23%
2022
$5,563
43%
$283,927
53%
2021
$3,886
197%
$185,607
197%
2020
$1,309
-4%
$62,400
—
2018
$1,364
1%
$62,400
—
2017
$1,357
2%
$62,400
—
2016
$1,332
—
$62,400
—
2015
$1,326
-1%
$62,400
—
2019
$1,335
42%
$62,400
42%
2014
$937
—
$44,088
—
2013
$934
—
$44,088
—
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 507 S Fannin Ave
507 S Fannin Ave, Tyler, TX 75702 (MLS# 26012019) is a Commercial property. 507 S Fannin Ave is currently listed for $312,450 and was received on August 28, 2026. Want to learn more about 507 S Fannin Ave? Do you have questions about finding other Commercial real estate for sale in Tyler? You can browse all Tyler real estate or contact a Coldwell Banker agent to request more information.

