7-Unit Multifamily in Longview, TX
TX · listed Oct 12, 2026 (15 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
- Not stated
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
- Value-add
Deal terms
- Owner financing
- Available
Listing
- Listed
- Oct 12, 2026
- Days on market
- 15 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1589
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. Sold as-is: the seller is not obligated to fix them or close the cases.
💰 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. 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 NewSubject-toHigh yield | $225K | $32K$32K | 24.5%gy |
| 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 yieldStabilized | $225K | $32K$32K | 28%gy |