1 / 239-Unit Multifamily in Longview, TX
Gregg County, TX · listed Aug 19, 2026 (70 days)
- $/unit
- $30,769
- ▼ 67% vs TX · 4th pct
- Cap rate
- 6.6%
- ▼ 0.8 pts vs TX median
- NOI
- $79K
- $2,026/unit/yr
- Units
- 39
- 1 bldg · 1955
Financials
- Asking price
- $1,200,000
- Price per unit
- $30,769
- Price per sq ft
- $25
- Gross rent / year
- Not stated
- Net operating income
- $79,033
- NOI per unit
- $2,026
- Cap rate
- 6.6%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 39
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1955
- Building size
- 48,787 sq ft
- Avg unit size
- 1,251 sq ft
- Lot size
- 1.12 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 19, 2026
- Days on market
- 70 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1620
About this property
This 48,787 SF multifamily property comprises 39 units and represents a value add investment opportunity in East Texas. The asset has yet to reach its income potential, currently generating nearly $15,000 in monthly income. Its below market occupancy provides a defined path for targeted lease-up and subsequent increased revenue.
The property benefits from a Longview location with convenient access to retail, dining, recreation, and higher education, factors that support resident demand for multifamily housing in the immediate area. Strategically located on High Street, more than 10,000 vehicles per day pass through this highly-visible and accessible area.
FOR SALE: 0.48 ACRES
Highlights
- 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
- New roof currently in progress
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Longview, TXOwner financingHigh yieldStabilized | $239K | $34K$34K | 27.1%gy |
 Longview, TXValue-add | $1.15M | $48K$48K | — |
| Longview, TX NewOwner financingHigh yield | $225K | $32K$32K | 27.9%gy |
 Longview, TXValue-add | $3.9M | $150K$150K | — |
| Longview, TX Owner financingHigh yieldValue-add | $225K | $32K$32K | 24.5%gy |
| Longview, TX Owner financingHigh yieldStabilized | $225K | $32K$32K | 24.5%gy |