Description
This 48,787 SF multifamily property comprises 39 units and represents a value add investment opportunity in East Texas. The asset has yet to reach its income potential, currently generating nearly $15,000 in monthly income. Its below market occupancy provides a defined path for targeted lease-up and subsequent increased revenue. The property benefits from a Longview location with convenient access to retail, dining, recreation, and higher education, factors that support resident demand for multifamily housing in the immediate area. Strategically located on High Street, more than 10,000 vehicles per day pass through this highly-visible and accessible area. Nearby Lakeport offers recreational activities for all ages Value-add upside for multi-family investors New management as of June 1, 2026
Details
| MLS # | 26011562 |
|---|---|
| Listing Type | For Sale |
| Style | Building |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 84 |
| Listing Provided By | Scarborough Commercial Real Estate | Samuel Scarborough |
Features
| Units | 39 |
|---|---|
| Building(s) | 1 |
| Acreage | 1.12 |
Exterior
| Lot Features | Inside City Limits |
|---|---|
| Construction Materials | Brick |
| Security Features | Audio and Video Surveillance |
Taxes
| Tax Legal Description | B1 Real- Residential Multi-Family- Apartments |
|---|---|
| Tax Year | 2026 |
Area Information
| State | TX |
|---|---|
| County | Gregg |
| City | Longview |
| Zip Code | 75602 |
| Area | Gregg |
| Listing VS Median (in 75602) | |
Price: $1,200,000 low | high Med: $196,250 On site: 84 low | high Med: 97 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Gregg |
| City | Longview |
| Zip Code | 75602 |
| Area | Gregg |
| Listing VS Median (in 75602) | |
Price: $1,200,000 low | high Med: $196,250 On site: 84 low | high Med: 97 | |