New
$895,000
14-Unit Multifamily in Gladewater, TX
TX · listed Oct 16, 2026 (12 days)
Price per unit compared
This property$64K
Within ~40 mi (20)$133K
Texas median (1,029)$100K
- $/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
- 1976
Financials
- Asking price
- $895,000
- Price per unit
- $63,929
- Price per sq ft
- $67
- Gross rent / year
- Not stated
- Net operating income
- $63,322
- NOI per unit
- $4,523
- Cap rate
- 7.1%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 14
- Unit mix
- All 14 units feature 2 bedrooms, 1 bathroom and approximately 956 SF
- Buildings
- Not stated
- Year built
- 1976
- Building size
- 13,384 sq ft
- Avg unit size
- 956 sq ft
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 16, 2026
- Days on market
- 12 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1410
About this property
Highlights
- Income-producing East Texas multifamily investment
- New roofs and gutters installed across all seven buildings in 2025
- Seven improved duplex parcels provide investors with flexibility for long-term ownership
- Positioned between Tyler and Longview with convenient access to U.S. Highway 80 and Interstate 20
- Convenient to CHRISTUS Trinity Clinic and established Gladewater retailers, services and employment centers
- All 14 units feature 2 bedrooms, 1 bathroom and approximately 956 SF, simplifying leasing, maintenance and unit turns
- Property Flyers
- OM (address on request) Sale - 1007 Richey Gladewater
- Financial Summary (Actual)
- Net Operating Income: $63,322 USD (2025)
- Cap Rate:
- 7.08 %
- Public Transportation
- Airport
- Drive
- Walk
- Distance
- Tyler Pounds Regional
- 49 min
- -
- 35.0 mi
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Gladewater, TXHigh yieldValue-add | $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 | — |