MULTIFAMILYRADAR
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Owner financingHigh yieldStabilized
$225,000

7-Unit Multifamily in Longview, TX

TX · listed Oct 8, 2026 (19 days)

Price per unit compared
This property$32K
Within ~40 mi (63)$32K
Texas median (1,196)$92K
$/unit
$32,143
▼ 65% vs TX · 4th pct
Cap rate
—
 
Gross yield
28%
 
Units
7
 

Financials

Asking price
$225,000
Price per unit
$32,143
Price per sq ft
Not stated
Gross rent / year
$63,000
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
28%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 8, 2026
Days on market
19 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
City only
Listing #
1173

About this property

🚨 LONGVIEW, TX: 7 UNITS, SELLER FINANCED, $30K IN 🚨 5.75% FIXED. NO BANK. 100% LEASED. ~44% CASH-ON-CASH.

📍 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.`

Location

Somewhere in Longview. The exact address is shared on request.

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