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8300 S Broadway Ave
Tyler, TX 75703
Azalea Court · Multifamily Property For Sale
·
28 Units
Investment Highlights
- $99,000+ Median Household Income - 1-Mile Radius (CoStar)
- All Duplexes with Each Over 1,000 SF
- Tyler MSA Population ~250,000
- Qualifies for Agency Financing
- 100% Occupied
- Downtown Tyler is Undergoing a $25.6 Million Public Improvement Project
Executive Summary
The Multifamily Group is pleased to present the exclusive offering of Azalea Court, a
unique, value-add opportunity in Tyler, Texas. Constructed in 1983, the property consists of
28 units averaging 1,021 square feet. The property features two- and three-bedroom floor
plans, each over 1,000 square feet. It is currently 100% occupied, and is being offered free
and clear of existing debt.
Location:
Located in the heart of Tyler, Azalea Court benefits from strong connectivity to major thor-
oughfares, including Loop-323 and Highway-69, providing convenient access throughout
the city and surrounding areas. The property is situated in a well-established corridor with
a median household income of approximately $99,000 within a one-mile radius, highlight-
ing the area’s strong economic profile and desirable tenant base.
Within close proximity, residents have access to Walmart, Brookshire’s, CVS Pharmacy,
and numerous dining options such as Whataburger, Chick-fil-A, and local restaurants. The
property is also just minutes from Broadway Square Mall, one of the region’s retail destinations.
The location provides easy access to downtown Tyler, less than 10 minutes away, where
ongoing revitalization efforts continue to enhance retail, dining, and entertainment options.
Additionally, the property is near major employment drivers, including CHRISTUS Trinity
Mother Frances Health System and UT Health Tyler, both of which anchor the local economy
and provide stable workforce demand.
Downtown Tyler is currently undergoing a significant multi-phase revitalization effort anchored
by a $25.6 million public improvement project led by the City of Tyler and Smith
County. This initiative is focused on transforming the downtown core into a more modern,
walkable, and economically vibrant district.
unique, value-add opportunity in Tyler, Texas. Constructed in 1983, the property consists of
28 units averaging 1,021 square feet. The property features two- and three-bedroom floor
plans, each over 1,000 square feet. It is currently 100% occupied, and is being offered free
and clear of existing debt.
Location:
Located in the heart of Tyler, Azalea Court benefits from strong connectivity to major thor-
oughfares, including Loop-323 and Highway-69, providing convenient access throughout
the city and surrounding areas. The property is situated in a well-established corridor with
a median household income of approximately $99,000 within a one-mile radius, highlight-
ing the area’s strong economic profile and desirable tenant base.
Within close proximity, residents have access to Walmart, Brookshire’s, CVS Pharmacy,
and numerous dining options such as Whataburger, Chick-fil-A, and local restaurants. The
property is also just minutes from Broadway Square Mall, one of the region’s retail destinations.
The location provides easy access to downtown Tyler, less than 10 minutes away, where
ongoing revitalization efforts continue to enhance retail, dining, and entertainment options.
Additionally, the property is near major employment drivers, including CHRISTUS Trinity
Mother Frances Health System and UT Health Tyler, both of which anchor the local economy
and provide stable workforce demand.
Downtown Tyler is currently undergoing a significant multi-phase revitalization effort anchored
by a $25.6 million public improvement project led by the City of Tyler and Smith
County. This initiative is focused on transforming the downtown core into a more modern,
walkable, and economically vibrant district.
Property Facts
| Sale Type | Investment | Lot Size | 2.79 AC |
| No. Units | 28 | Building Size | 28,600 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1983 |
| Building Class | C | ||
| Zoning | B20 - Duples (Rural) | ||
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.79 AC |
| Building Size | 28,600 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1983 |
| Zoning | B20 - Duples (Rural) |
Property Taxes
| Parcel Number | 1-83380-0000-00-001000 | Improvements Assessment | $187,450 |
| Land Assessment | $32,550 | Total Assessment | $220,000 |
Property Taxes
Parcel Number
1-83380-0000-00-001000
Land Assessment
$32,550
Improvements Assessment
$187,450
Total Assessment
$220,000
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