# 140 FM 16 W, Tyler, TX 75706

> **TL;DR:** 0bd/4ba multi-family, $649,900 ($189/sqft), built 1964, 3,432 sqft. Est. $2,816/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $649,900 |
| Price/sqft | $189 |
| Bathrooms | 4 full |
| Square Feet | 3,432 |
| Year Built | 1964 |
| Lot Size | 283,750 sqft (6.51 acres) |
| Stories | 1 |
| Property Type | Multi-Family (Triplex) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,816 |
| **Total** | **$2,816** |

## Nearby Schools

- **Elementary:** Winona
- **Middle:** Winona
- **High:** Winona

## Property Highlights

- Built in 1964
- 6.51 acre lot

## Description

### Agent 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!

## Location

- **Address:** 140 FM 16 W, Tyler, TX 75706
- **County:** Smith
- **Neighborhood:** Abst A0377 C Green

## Listing Agent

- **Name:** Ryan Major
- **Brokerage:** Keller Williams Realty-Tyler
- **Phone:** 9035346600
- **Email:** ryan.major@kw.com

## Primary Photo

![140 FM 16 W - Primary Photo](http://lh.rdcpix.com/f07497cc06de960fa35e08a3bad13e39l-f415868091r.jpg)

*48 total photos available on [listing page](https://www.propertysimple.com/listing/140-fm-16-w-tyler-tx-75706-26003219)*

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**MLS#:** 26003219 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/140-fm-16-w-tyler-tx-75706-26003219)

---

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