7-Unit Multifamily in Longview, TX
TX · listed Oct 20, 2026 (8 days)
- $/unit
- $32,143
- ▼ 65% vs TX · 4th pct
- Cap rate
- —
- Gross yield
- 27.9%
- Units
- 7
- 1943
Financials
- Asking price
- $225,000
- Price per unit
- $32,143
- Price per sq ft
- Not stated
- Gross rent / year
- $62,700
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 27.9%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 7
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1943
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Available
- Structure
- seller finance
- Entry fee
- Not stated
- Existing loan balance
- $210,000
- Interest rate
- 5.750%
- Monthly payment
- $1,225
Listing
- Listed
- Oct 20, 2026
- Days on market
- 8 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1071
About this property
🏦 THE SELLER IS THE BANK: 7 UNITS, LONGVIEW, TX 🏦
$5,225 a month in rent against a $1,225 a month note.
✅ 100% leased. $5,225 collected in September and in October.
✅ $55,025 collected in the last 12 months. Rent covers the note almost 4 times.
✅ About $1,245 a month cash flow self-managed, after all expenses. About $34K in, back in about 2 years.
✅ $225K. Seller carries $210K at 5.75% fixed, 30-yr amortization. No bank, no personal guarantee.
⚠️ Disclosed: 1943 Class C, sold as-is. Zoned single-family, run as 7 for 11+ years; the City calls it illegal non-conforming. No bank refi, no rebuild as 7 after a casualty.
🛡️ Protected: non-recourse note. The seller approves you before any earnest money, you walk all 7 units first, and he pays half the inspection. Pre-closing City fines stay with him. Year 10 balloon backstop: he carries the rest for 5 more years.
💪 Leases in place: $62,700 a year. Breaks even at 61% collected. The seller is retiring, motivated and flexible with the right operator. Best fit: an operator already running older Class C, ideally in Texas.
📞 CALL ME ANYTIME:
Tell me how many doors you have, where you operate, and when you can walk it. Closing on or before November 6.
Jenia Simonova | Gray Whale Holdings
📞
We are marketing our equitable interest under a purchase contract, not the property itself. Buyer to perform own due diligence.
Location
Somewhere in Longview. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Longview, TX NewOwner financingHigh yield | $225K | $32K$32K | 27.9%gy |
| Longview, TX Owner financingHigh yieldStabilized | $225K | $32K$32K | 28%gy |
| Longview, TX NewOwner financingHigh yield | $225K | $32K$32K | 24.5%gy |
| Longview, TX Owner financingHigh yieldValue-add | $225K | $32K$32K | 24.5%gy |
| Longview, TX Owner financingHigh yieldValue-add | $225K | $32K$32K | 24.5%gy |
| Longview, TX NewSubject-toHigh yield | $225K | $32K$32K | 24.5%gy |