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307 N Henry St, Lindale, TX, 75771

2beds
5baths
16,890sqft
$2,750,000
$163price/sqft
$23,052/moest. monthly cost
$922,080/yrincome needed

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!

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

9/10
8/10
Lindale High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 2020

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Apartment

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Disposal,Microwave

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 5
  • Full bathrooms: 2

Features

  • Open Floorplan
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 16,890
  • Total interior livable area: 16,890 sqft

Property

Details

  • Parcel number: 130000001400008010

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Balcony
  • Exterior features: Balcony
  • Fencing: Metal,Wood

Lot

  • Lot size: 0.54 Acres

Parking

  • Total spaces: 30
  • Parking features: Concrete,On Site,Paved
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Lightning
Strong Wind
Hail
Ice Storm
Winter Weather

FEMA Declared Disasters Across Texas Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $13,905$166,860
Home Insurance *$2,093$25,116
Property Taxes $5,200$62,400
Electricity $1,854$22,255
Total$23,052$276,624
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$790,354/yr
40% on housing$691,560/yr
45% on housing$614,720/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.1%
-1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$163This listing

vs Other Active Listings

Avg $/sqft

ZIP 75771$205
Smith County$175

vs Homes Sold Last Month

Median $/sqft

ZIP 75771$178
Smith County$171

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-30Listed for sale$2,850,000
2022-03-09Sold--
2022-01-09Pending sale$2,500,000
2021-11-18Listed for sale$2,500,000

For Sale by Agent

AgentKayla Riggs
BrokerageKeller Williams Realty-Tyler

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