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
- 1943
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
- 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
- $34,000
- Existing loan balance
- $210,000
- Interest rate
- 5.750%
- Monthly payment
- $1,225
Listing
- Listed
- Oct 15, 2026
- Days on market
- 12 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1089
About this property
🏦 STILL AVAILABLE, UPDATED LISTING: THE SELLER IS THE BANK 🏦
7 units in Longview, TX. 5.75% fixed. No bank, no personal guarantee.
✅ $225K. Seller carries $210K first lien, 30-yr amortization, 10-yr balloon. $1,225/mo. About $34K all in.
✅ 100% leased. 100% collected in September and October.
✅ $55,025 collected in the last 12 months, 3.7x the note.
✅ Self-managed by the seller for 11 years. He's retiring abroad, motivated and flexible with the right buyer.
⚠️ Straight talk: zoned single-family, run as 7. The City's zoning letter calls it illegal non-conforming: no bank refi, no rebuild as 7 after a casualty. 1943 Class C, sold as-is. Seasoned operators only. Not your first multifamily deal. The seller approves the buyer.
⏰ Closes on or before Nov 6.
👉 DM me how many doors you run and when you can walk it. 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 Owner financingHigh yieldValue-add | $225K | $32K$32K | 24.5%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 NewOwner financingHigh yield | $225K | $32K$32K | 27.9%gy |
| Longview, TX NewOwner financingHigh yield | $225K | $32K$32K | 27.9%gy |