1 / 3014-Unit Multifamily in Gladewater, TX
Gregg County, TX · listed Aug 27, 2026 (61 days)
- $/unit
- $63,929
- ▼ 36% vs TX · 17th pct
- Cap rate
- 7.1%
- ▼ 0.2 pts vs TX median
- NOI
- $63K
- $4,523/unit/yr
- Units
- 14
- 7 bldg · 1976
Financials
- Asking price
- $895,000
- Price per unit
- $63,929
- Price per sq ft
- $67
- Gross rent / year
- $142,800avg rent × units
- Net operating income
- $63,322
- NOI per unit
- $4,523
- Cap rate
- 7.1%
- Gross yield
- 16%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 14
- Unit mix
- fourteen 2-bedroom, 1-bath units
- Buildings
- 7
- Year built
- 1976
- Building size
- 13,384 sq ft
- Avg unit size
- 956 sq ft
- Lot size
- 3.19 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 27, 2026
- Days on market
- 61 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1112
About this property
Income-producing East Texas multifamily investment offering rent growth potential and a flexible parcel-level exit strategy.
Eastgate Duplexes presents the opportunity to acquire a 14-unit multifamily portfolio consisting of seven single-story duplex buildings across eight separate parcels in Gladewater, Texas. The portfolio totals 13,384 SF on approximately 3.19 acres, with a uniform mix of fourteen 2-bedroom, 1-bath units averaging approximately 956 SF each. Ownership has completed significant recent improvements, including new roofs and gutters across all seven buildings in 2025, along with interior renovations and flooring improvements in select units. The portfolio offers identifiable upside through continued rent growth, with in-place rents averaging approximately $850 per month and recent leases signed at $900 and $950. The separate parcel configuration also provides investors with added flexibility to hold the portfolio as a whole or potentially sell individual duplex properties over time. PROPERTY DETAILS & HIGHLIGHTS 14-Unit Multifamily Portfolio – Seven single-story duplex buildings totaling 13,384 SF on approximately 3.19 acres Located between Tyler and Longview with convenient access to U.S. Highway 80 and Interstate 20, Eastgate Duplexes offers a manageable multifamily investment with current income, recent capital improvements, and multiple paths for future value creation.
14-Unit Multifamily Portfolio
Highlights
- 14-Unit Multifamily Portfolio – Seven single-story duplex buildings totaling 13,384 SF on approximately 3.19 acres
- Major 2025 Capital Improvements – New roofs and gutters installed across all seven buildings, with additional recent interior and flooring improvements
- Eight Separate Parcels – Seven improved duplex parcels provide investors with flexibility for long-term ownership or potential individual property dispositions
- Mark-to-Market Rent Upside – In-place rents average approximately $850 per month, while recent leases at $900 and $950 demonstrate potential for continued rent growth
- Uniform Unit Mix – All 14 units feature 2 bedrooms, 1 bathroom and approximately 956 SF, simplifying leasing, maintenance and unit turns
- Flexible Investment Strategy – Opportunity to operate the assets as a single income-producing portfolio while maintaining potential parcel-level exit options
- Strategic East Texas Location – Positioned between Tyler and Longview with convenient access to U.S. Highway 80 and Interstate 20
- Nearby Retail & Healthcare – Convenient to CHRISTUS Trinity Clinic and established Gladewater retailers, services and employment centers
- Nearby Lakeport offers recreational activities for all ages
- Retail and dining options can be found at Longview Towne Crossing and Longview Mall
- The location's close proximity to major employers and educational institutions, such as East Texas Baptist University and LeTourneau University, makes it a desirable area for potential residents
- Value-add upside for multi-family investors
- New management as of June 1, 2026
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Gladewater, TXNew | $895K | $64K$64K | 7.1% |
 Kilgore, TXStabilized | $1.3M | $130K$130K | 6.4% |
 Gilmer, TXNewOwner financingHigh yield | $600K | $100K$100K | 12.9%gy |
 Longview, TXOwner financing | $490K | $98K$98K | 0% |
 Longview, TXValue-add | $1.15M | $48K$48K | — |
 Longview, TXValue-add | $3.9M | $150K$150K | — |