7-Unit Multifamily in Longview, TX
TX · listed Oct 7, 2026 (20 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 7, 2026
- Days on market
- 20 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1115
About this property
📍 EAST TEXAS OPERATORS: 7 UNITS IN LONGVIEW ON SELLER TERMS 📍
$30K ENTRY. 5.75% FIXED. $1,225/MO PAYMENT. NO BANK. 100% LEASED.
📍 Longview, East Texas | 7 units on one lot | $225K ($32K a door)
💰 THE TERMS ✅ Entry: $30,000 + closing costs ✅ Seller carries $210,000 at 5.75% FIXED ✅ 30-year amortization, 10-year balloon ✅ Payment: $1,225/mo P&I ✅ No bank. No appraisal. No personal guarantee.
📈 THE NUMBERS ✅ $55,025 collected in the last 12 months. Covers the note 3.7x ✅ All 7 units on written leases. 6 run into 2027 ✅ Leases in place total $63,000/yr
💵 CASH FLOW AFTER DEBT (after insurance, taxes, repairs and reserves) ▪️ Run it yourself: ~$1,245/mo = ~44% cash-on-cash ▪️ Hire a manager at 8%: ~$980/mo = ~35% cash-on-cash ▪️ Collections back to 92%: ~$1,675/mo = ~59% cash-on-cash
🔑 THE UPSIDE: collections slipped last year during a management gap. Collect the leases as written and add ~$8,000/yr. No rent increase needed.
🧾 CREDITS AT CLOSING: prorated taxes, tenant deposits and prorated rent come off your wire. About $24,500 total out of pocket on a Nov 6 close (estimate).
🛡️ YEAR-10 EXIT ALREADY NEGOTIATED: if your refinance comes up short, the seller subordinates and carries up to $35K for 5 more years. No second balloon.
🏢 THE BUILDING ▪️ 7 units, built 1943, Class C, all bills paid ▪️ Same owner-operator for 11 years ▪️ Seller available by phone for 60 days to hand it off ▪️ Seller pays half the inspection
⚠️ Straight talk: it's Class C. It pays best for an operator who watches collections.
👤 QUALIFIED OPERATORS ONLY. The seller carries 93% and approves the buyer: financial statement, portfolio summary, credit review. Texas multifamily experience preferred.
⏰ Closes on or before Nov 6. One building, one buyer.
👉 Comment "LONGVIEW" or DM me for the full package. Signed NDA + proof of funds required.
`We are marketing our equitable interest under a purchase contract, not the property itself. Buyer to perform own due diligence.`
Poster's replies in the comments: George Baez sent you DM.
Location
Somewhere in Longview. The exact address is shared on request.
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| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Longview, TX Owner financingHigh yieldValue-add | $225K | $32K$32K | 24.5%gy |
| Longview, TX NewSubject-toHigh yield | $225K | $32K$32K | 27.9%gy |
| Longview, TX NewOwner financingHigh yield | $225K | $32K$32K | 27.9%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 |