2516 Canton St.Tyler, TX 75702

Description

Investor opportunity in a prime location right off Gentry Parkway, providing quick and easy access to the entire city! This spacious 4 bedroom, 2 bathroom home is currently tenant-occupied with long-term renters in place, allowing a new owner to step in and immediately start cash flowing. The home does need some TLC, making it a great value-add opportunity for an investor looking to renovate, increase rents, and maximize returns. But here’s where the real upside is… This property includes TWO additional lots, for a total of THREE lots being sold together. Whether you choose to: • Build new construction homes • Develop and sell off the extra lots • Hold for future appreciation • Or create a small rental portfolio on one site The development potential adds serious long-term value. With a new boundary survey, the lots would be ready for your vision. Whether you're looking for steady rental income, a flip opportunity, or future development, this property gives you multiple exit strategies. Come run your numbers and let’s make a deal.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Traditional

Year built

1951

Living area

1,300 Sq Ft

Days on market

25

MLS^® Listing#

26012548

Property Features

Appliances

Other

Cooling

None

Heating

None

Fireplace

Other

Pool

None

Patio

Porch

Fencing

Partial · Chain Link

Construction

Wood Siding

Foundation

Pillar/Post/Pier

Roof

Composition

Security

Closed Circuit Camera(s)

Utilities

Electricity Available

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Ramey

Middle

Boulter

High

Tyler High

Financial Details

HOA

None

Annual taxes

$1,720Tax year 2025

Directions

Downtown Tyler, TX 75702 Head toward N Ellis Ave ? 0.2 mi Turn right onto N Palace Ave ? 0.2 mi Turn left onto W Bow St ? 0.3 mi Turn right onto N Confederate Ave ? 144 ft Turn left at the 1st cross street onto W Gentry Pkwy ? Pass by AutoZone Auto Parts (on the right in 0.6 mi) ? 1.0 mi Turn left after Sonic Drive-In (on the right)