See all 23 photos

$1,150,000

Est. payment - /mo

Save Virtual Tour

1.03 Acres Lot

New

429 Johnson St Longview, TX 75602

Save Virtual Tour

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Josiah Ford

jford@teamforddfw.com +1(214) 425-3525

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Na

MLS Listing ID 21358849

HOA Y/N None

Total Fin. Sqft 24

Year Built 1974

Lot Size 1.030 Acres

Acres 1.03

Property Sub-Type Apartment

Property 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.

Location

State TX

County Gregg

Direction From Dallas, take I-20 East to Longview. Take Exit 595B for Loop 281 (Estes Parkway) into Longview. Merge onto Loop 281 North and continue straight. Turn onto Bronco St, then turn onto Johnson St. Property is on your lefthand side.

Interior

Interior Features Open Floorplan

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Vinyl

Appliance Other

Heat Source Central, Electric

Exterior

Fence Fenced

Utilities Available City Sewer, City Water, Electricity Available

Roof Type Composition

Garage No

Building

Lot Description Level

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Bramlette

Middle Schools Forrest Park

High Schools Longview

School District Longview Isd

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21358849

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Kayla Riggs • Keller Williams Realty-Tyler

Nearby Locations

GET MORE INFORMATION

Josiah Ford

Broker | License ID: 0596265

+1(214) 425-3525

429 Johnson St Longview, TX 75602

Josiah Ford

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

429 Johnson St