7-Unit Multifamily in Longview, TX
TX · listed Oct 13, 2026 (14 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
- Not stated
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
- $15,000
- Existing loan balance
- $210,000
- Interest rate
- 5.750%
- Monthly payment
- $1,225
Listing
- Listed
- Oct 13, 2026
- Days on market
- 14 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1118
About this property
📍 LONGVIEW, TX: 7 UNITS, SELLER CARRIES, NO BANK 📍
FOR HANDS-ON CLASS C OPERATORS. NOT A FIRST MULTIFAMILY DEAL.
⚠️ THE HARD PART FIRST
▪️ Built 1943. Sold as-is. The appraiser rated the condition below average to poor.
▪️ Zoned single-family, run as seven units. The seller says the city calls it legally nonconforming. Nobody has that in writing.
▪️ Three city code items from 2025 are still open. No repair obligation in the contract, but the seller says he'll work with the right buyer and take care of them in one go.
💰 WHAT YOU GET PAID FOR CARRYING IT
✅ $225K ($32K a door). $30,000 in + closing costs
✅ Seller carries $210,000 at 5.75% FIXED, 10-year balloon
✅ $1,225/mo P&I. No bank. No personal guarantee.
✅ $55,025 collected in the last 12 months. All 7 units on written leases.
✅ Run it yourself: ~$1,245/mo after debt (estimate)
👤 Best fit: you already run older Class C and you know Texas. The seller approves the buyer.
⏰ Closes on or before Nov 6. One building, one buyer.
👉 Comment "LONGVIEW" or DM me, and tell me when you can get out to see it. Signed NDA + proof of funds opens the full file. You verify everything.
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 | 24.5%gy |
| Longview, TX Subject-toHigh yieldStabilized | $225K | $32K$32K | 28%gy |
| Longview, TX NewOwner financingHigh yield | $225K | $32K$32K | 27.9%gy |
| Longview, TX NewOwner financingHigh yield | $225K | $32K$32K | 27.9%gy |
| Longview, TX NewSubject-toHigh yield | $225K | $32K$32K | 27.9%gy |
| Longview, TX NewOwner financingHigh yield | $225K | $32K$32K | 27.9%gy |