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 #
- 1734
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.
Poster's replies in the comments: Jesse Newcomer sent you DM. Howell Levine sent you an email with the NDA. José Mallqui sent you DM.
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 | 27.9%gy |
| Longview, TX Owner financingHigh yieldValue-add | $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 | 24.5%gy |