6862 LAZY VALE CT, TYLER, TX 75703
Homes for sale in Tyler.
Homes for sale in 75703.
List Price$3,150,000
6862 Lazy Vale Ct
Tyler, TX 75703
Listing #26004024
14,980
Square Feet
8
Number of Units
Multi-Unit Residential
Type
About This Property
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.
Property Features
Location Information
County
Smith
Directions
From intersection of Grande and Old Jacksonville, head West. Turn left onto Old Noonday and property is 1/2 mile on your left.
Subdivision
Henshaw Creek
Interior Features
Fireplace Description
None
Unit 1 Features
Beds: 3; Baths: 3
Heating
Central Electric
Unit 2 Features
Beds: 2; Baths: 2
Cooling
Central Electric
Unit 3 Features
Beds: 2; Baths: 2
Separate Meters
Electric, Water
Unit 4 Features
Beds: 3; Baths: 3
Tenant Pays
All Utilities
Total Number of Units
8
Exterior Features
Construction
Brick and Wood
Zoning
Two Family Dwelling
Foundation
Slab
Has Waterfront
No
Parking Description
1 Or More Per Unit, Garage, Paved Areas
School
Elementary School
Jack
High School
Tyler Legacy
Middle School
Three Lakes
Additional Information
Property Type
RI
Owner Pays
Taxes, Insurance, Maintenance Repairs, Lawn Care
Property SubType
Duplex
Taxes
36447
Year Built
2023
Tax Year
2025
Status
Active
Square Feet Source
Builder
Mortgage Calculator
$14,711
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$11,351
Monthly Tax
$2,625
Monthly Insurance
$735
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing Courtesy of Cole Ihrig, Ihrig Properties

© 2026 Greater Tyler Association of REALTORS®. All rights reserved.
© 2026 Greater Tyler Association of REALTORS®. All rights reserved.
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. IDX information is provided exclusively for consumers? personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect Participants and/or the MLS from liability.
GTAR data last updated at May 31, 2026, 6:25 PM CT
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