7-Unit Multifamily in Longview, TX
TX · listed Oct 15, 2026 (12 days)
- $/unit
- $32,143
- ▼ 65% vs TX · 4th pct
- Cap rate
- —
- Gross yield
- 24.5%
- Units
- 7
Financials
- Asking price
- $225,000
- Price per unit
- $32,143
- Price per sq ft
- Not stated
- Gross rent / year
- $55,025
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 24.5%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
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Available
Listing
- Listed
- Oct 15, 2026
- Days on market
- 12 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1085
About this property
🔄 UPDATED LISTING: STILL AVAILABLE 🔄
LONGVIEW, TX | 7 UNITS | SELLER CARRIES 93% | NO BANK
✅ 100% leased. 100% collected in September and October.
✅ $55,025 collected in the last 12 months. That's 3.7x the note.
✅ $225K ($32K a door). Seller carries $210K at 5.75% fixed, 30-yr amortization, 10-yr balloon. $1,225/mo.
✅ About $34K all in.
⚠️ New: the City's zoning letter is in. Zoned single-family, run as 7 units for 11+ years. The City calls it illegal non-conforming. Plan on no bank refi and no rebuild as 7 after a casualty. Built 1943, sold as-is. It's all in the file.
👤 The seller self-managed it for 11 years. He's retiring and moving abroad. Motivated and flexible with the right buyer. He approves the buyer and wants a seasoned operator.
For Texas C/D multifamily operators with a crew. Not your first multifamily deal.
⏰ Closes on or before Nov 6.
👉 DM me how many doors you run and the day you can be in Longview. Signed NDA + proof of funds opens the full file.
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 NewSubject-toHigh yield | $225K | $32K$32K | 27.9%gy |
| Longview, TX Subject-toHigh yieldStabilized | $225K | $32K$32K | 28%gy |
| Longview, TX NewOwner financingStabilized | $210K | $30K$30K | — |
| Longview, TX NewOwner financingStabilized | $210K | $30K$30K | — |
| Longview, TX NewOwner financingHigh yield | $225K | $32K$32K | 27.9%gy |
| Longview, TX NewOwner financingHigh yield | $225K | $32K$32K | 27.9%gy |