1 / 226-Unit Multifamily in Longview, TX
Gregg County, TX · listed Apr 29, 2026 (181 days)
- $/unit
- $149,808
- ▲ 63% vs TX · 76th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 26
- 15 bldg · 2015
Financials
- Asking price
- $3,895,000
- Price per unit
- $149,808
- Price per sq ft
- $141
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 26
- Unit mix
- 12 townhouses, 5 duplexes, and 4 single-family homes
- Buildings
- 15
- Year built
- 2015
- Building size
- 27,642 sq ft
- Avg unit size
- 1,063 sq ft
- Lot size
- 2.67 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Apr 29, 2026
- Days on market
- 181 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1874
About this property
Sands Investment Group is pleased to exclusively offer for sale the East Haven Residences located in Longview, TX. This luxury residential community was built in 2015-2016 and consists of 12 townhouses, 5 duplexes, and 4 single-family homes. This community is currently 100% occupied and offers a favorable unit mix of large 3-bed and 2-bed units.
The property is near Forest Park Middle School, and a short drive from Good Sheperd Medical Center, Downtown Longview, and major national retailers. Longview, TX, is currently graded as an "A" school district and the 29th most diverse school district in Texas.
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26-Unit Luxury Residences | Fully Leased | Value-Add Upside | Longview, TX
Highlights
- Modern Construction: Built in 2015 with contemporary layouts and features that meet current renter expectations.
- Rental Upside Potential: Opportunity to reduce loss-to-lease and increase rental income with minimal capital investment.
- Stabilized Occupancy: 100% occupied, providing immediate and reliable in-place cash flow.
- Attractive Unit Mix: Predominantly large 2 and 3-bedroom floor plans, appealing to families and long-term renters.
- Desirable Unit Amenities: All units include washer and dryer connections and energy-efficient appliances, enhancing tenant appeal and reducing utility costs.
- Local Management Advantage: Experienced local management in place, ensuring efficient operations and strong market insight.
- Diverse Low-Density Asset: 26-unit luxury community featuring 12 townhomes, 5 duplexes, and 4 single-family homes, offering a unique alternative to traditional multifamily.
- Attractive Assumable Financing: Existing loan at a below-market 3.94% interest rate, enhancing cash flow and overall investment returns.
- Multiple Exit Strategies: Pursue a traditional sale, establish an HOA to enable individual unit sales, or execute a fractured condo sell-off to maximize value flexibility and returns.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Longview, TXValue-add | $1.15M | $48K$48K | — |
 Longview, TXOwner financing | $490K | $98K$98K | 0% |
 Longview, TXValue-add | $1.2M | $31K$31K | 6.6% |
| Longview, TX NewOwner financingStabilized | $210K | $30K$30K | — |
| Longview, TX NewOwner financingHigh yield | $225K | $32K$32K | 27.9%gy |
 Longview, TXOwner financingHigh yieldStabilized | $239K | $34K$34K | 27.1%gy |