Overview
Description
Exceptional opportunity to own a well-maintained, income-producing 24-unit apartment complex in a highly convenient South Longview location, just minutes from LeTourneau University, I-20, shopping, dining, and major employers. The property features an attractive unit mix of eight 2-bedroom, 1-bath units and sixteen 1-bedroom, 1-bath units, appealing to a broad tenant base. Twenty-three of the 24 units have been renovated, allowing a new owner to step into an improved asset with minimal remaining work. Occupancy is a major strength, with the property historically operating at or near 100% occupancy and vacancy not typically being an issue. The complex currently generates more than $59,000 in annual profit, with additional upside potential from the recent renovations and continued operational improvements. Electricity is individually metered, with tenants responsible for their own electric service. Residents also pay $70 per month plus RUBS (Ratio Utility Billing System) toward shared utilities such as water and trash, helping keep operating expenses predictable and controlled. An on-site, pay-per-use laundry facility provides an additional income stream. The laundry building also includes bonus space on the opposite side that could be used as an on-site office, additional storage, or potentially converted into a future amenity such as a small community gym, resident lounge, or flex space. Additional highlights include ample on-site parking and two roofs that have already been replaced, reducing near-term capital expenditure concerns. With 23 renovated units, strong occupancy, multiple income streams, investor-friendly utility structures, and additional value-add potential, this South Longview multifamily asset offers an attractive combination of stability, cash flow, and long-term growth potential.
Mortgage Calculator
Estimate only — contact a lender for actual rates and terms. Property tax estimate based on 2% of purchase price.
- Interior Features
- Open Floorplan
- Flooring
- Vinyl
- Heating
- Central, Electric
- Cooling
- Central Air, Ceiling Fans, Electric
- Utilities
- Electricity Available, Sewer Available, Water Available
- Construction
- Brick
- Roof
- Composition
- Foundation
- Slab
- Pool
- None
- Security
- Fire Sprinkler System
- Levels
- Two
- Stories
- 2
Schools
- Elementary
- Bramlette (Longview ISD)
- Middle
- Forrest Park (Longview ISD)
- High
- Longview (Longview ISD)
Location
Price & Status History
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale Source: NTREIS #21358849 | $1,150,000 |
Nearby Properties
Listed by Kayla Riggs · Keller Williams Realty-Tyler
Source: NTREIS · MLS#: 21358849
Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of NTREIS. Real estate listings held by brokerage firms other than Sirka.com are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
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