1513 N Ross Ave, Tyler, TX 75702

1513–1519 N Ross Ave | Tyler, Texas

Located in a well-established area of Tyler, this multifamily investment opportunity includes a single apartment building consisting of four addresses: 1513, 1515, 1517, and 1519 N Ross Avenue. The property offers stable in-place income with immediate upside through rental increases and lease-up of an additional unit currently utilized as an office/model.

The property is currently generating $12,995 in monthly income with strong occupancy. One unit is presently used as a leasing office/model unit, creating an immediate opportunity for additional revenue. By converting this space back into a rental unit and bringing all rents to market levels, the property has the potential to achieve $14,240 in immediate monthly income, representing meaningful upside for investors. All leases are on a month to month tenancy.

The building features classic brick construction and a practical two-story layout with ample parking and mature trees that provide shade and curb appeal. Units offer functional floorplans with spacious living areas, full kitchens, and comfortable bedroom layouts that continue to attract consistent tenant demand.

Operationally, the property currently includes an on-site manager, which is reflected in the current NOI. This position is negotiable and provides flexibility for a new owner to maintain on-site management, transition to self-management, or implement third-party professional property management, depending on investment strategy.

With stable existing income, operational flexibility, and clear rent-growth potential, 1513–1519 N Ross presents an attractive opportunity for investors seeking a value-add multifamily asset in the growing Tyler market.