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$3,100,000
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Property Description
FOR SALE: Four newly constructed duplexes (8 total units), 100% occupied, delivering strong in-place performance at an attractive 6.3% cap rate with an average rent rate of $1.49/SF. Designed with modern finishes and durable, low-maintenance materials, this property targets quality tenants and provides a turnkey opportunity for investors seeking stabilized cash flow in a growing area. Each unit features open-concept living, high ceilings, and abundant natural light. Kitchens are finished with stainless steel appliances, quartz countertops, custom cabinetry, and a breakfast bar. Units offer 2 3 bedrooms, including primary suites with well-appointed bathrooms featuring dual vanities and walk-in showers. Tenants enjoy fenced backyards, with yard maintenance handled by the HOA, supporting a low-touch ownership profile. Additional features include energy-efficient appliances and construction, attached 2-car garages, and ample additional parking. The neighborhood is positioned for continued demand with future amenities planned, including a pond and walking/biking trails, and is conveniently located near shopping, schools, and parks. Bonus Upside / Expansion: Additional duplex lots are also available for sale immediately adjacent to the community, offering a rare opportunity to expand the footprint and create a scalable duplex portfolio in one location.
Full Property Details
Full Property Details for 6862 Lazy Vale Ct
General
- Price: $3,100,000
- Taxes: $36,447 (2025)
- Status: Active
- Type: Duplex
- Source: Tyler_MLS
- MLS ID: 26004024
- Updated: 3/23/2026
- Added to Site: 12 day(s) ago
Interior
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 10
Parking
- Parking: 1 Or More Per Unit, Garage, Paved Areas
Location
- County: Smith
- Subdivision: Henshaw Creek
- Driving Directions: From intersection of Grande and Old Jacksonville, head West. Turn left onto Old Noonday and property is 1/2 mile on your left.
School Information
- Elementary School: Jack
- Middle School: Three Lakes
- High School: Tyler Legacy
Heating & Cooling
- Cooling Type: Central Electric
- Heating Type: Central Electric
Utilities
- Metering: Individual Electric Meter, Individual Water Meters
Structural Information
- Exterior Const.: Brick and Wood
- Foundation: Slab
- Square Feet: 14,980
- Sq. Ft. Source: Builder
- Year Built: 2023
Unit Information
Unit 1
- Unit Description: Living Room
- Total Bathrooms: 3
- Bedrooms: 3
- Living Room: Living Room
Unit 2
- Unit Description: Living Room
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Unit Description: Living Room
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Unit Description: Living Room
- Total Bathrooms: 3
- Bedrooms: 3
Lot Features
- Zoning: Two Family Dwelling
Financial Considerations
- Tax Amount: $36,447
- Tax Year: 2025
- Landlord Pays: Insurance, Lawn Care, Maintenance Repairs, Taxes
- Tenant Pays: All Utilities
Disclosures and Reports
- Special Conditions: Homeowner's Assn Dues
Listed by P&I Real Estate Management, Cole Ihrig
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Schools
Schools serving 6862 Lazy Vale Ct
School District:Tyler Independent School District
| Name | Grades | Distance |
|---|---|---|
Dr Bryan C Jack Elementary School 1900 Balsam Gap, Tyler, TX 75703 | PK-5 | 1.7 mi |
Three Lakes Middle School 2445 Three Lakes Parkway, Tyler, TX 75703 | 6-8 | 0.3 mi |
Tyler Legacy High School 4500 Red Raider Drive, Tyler, TX 75703 | 9-12 | 3.4 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 6862 Lazy Vale Ct
Date
Details
Price
Change
Source
3/23/2026
Listed
$3,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6862 Lazy Vale Ct
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,884
-11%
$522,189
-11%
2024
$10,025
3013%
$589,260
3091%
2023
$322
—
$18,469
—
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 6862 Lazy Vale Ct
6862 Lazy Vale Ct, Tyler, TX 75703 (MLS# 26004024) is a Duplex property with 0 bedrooms and 0 full bathrooms. 6862 Lazy Vale Ct is currently listed for $3,100,000 and was received on March 23, 2026. Want to learn more about 6862 Lazy Vale Ct? Do you have questions about finding other Duplex real estate for sale in Tyler? You can browse all Tyler real estate or contact a Coldwell Banker agent to request more information.

