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307 Henry Street

Lindale, TX 75771

$2,699,000

15 units · 2020

Units15
Building area16,890 sq ft
Year built2020
Gross income$230,036/yr
Cap rate5.16% as listed
Parking30 spaces
Lot size0.539 acres
TypeApartment

What it costs to own

TaxesNot provided by the listing
HOANone listed
Operating expenses$90,878 per year — as listed
Insurance$20,400 per year — as listed
Net operating income$139,158 per year — as listed

About this home

This recently built apartment complex in Lindale offers a rare opportunity to own a fully occupied, income-producing property in a highly desirable and growing area. Consisting of two buildings with a total of 15 units, this well-maintained complex is 100% occupied and designed with both investor return and tenant comfort in mind. The unit mix includes eleven 2 bed, 2.5 bath units at 1,160 sq ft, along with four 1 bed, 1.5 bath units at 900 sq ft. Each unit features a fresh, modern design with spacious layouts and access to a private fenced backyard area - an added feature that sets this property apart and enhances tenant appeal. Tenants pay all utilities, helping maximize efficiency and simplify management. Ideally located in Lindale school district, the property is just minutes from local shopping, dining, and amenities, with convenient access to Tyler and I-20 for easy commuting to surrounding cities. With strong occupancy, desirable unit features, and a prime location, this is an exceptional investment opportunity in the heart of East Texas!

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringTile, Wood
AppliancesDishwasher, Disposal, Electric Range, Microwave
Interior featuresOpen Floorplan

Construction materialsWood
RoofComposition
FoundationSlab

FencingMetal, Wood
Water sourceCity Water
SewerCity Sewer

SubdivisionCITY OF LINDALE

ElementaryPenny
High schoolLindale
DistrictLindale ISD

Gross income$230,036 per year
Operating expenses$90,878 per year
Insurance$20,400 per year
Cap rate5.16% — as listed
Net operating income$139,158 per year

MLS #21248557
Source
Price changeReduced by $51,000 · Aug 10, 2026
On the market102 days
CountySmith

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 0.5 mi
Nearest parkDarden Harvest Park · 0.3 mi

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Listing courtesy of Keller Williams Realty-Tyler — Kayla Riggs.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21248557. Information last updated August 10, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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