429 Johnson St, Longview, TX 75602
Local realty services provided by:Better Homes and Gardens Real Estate Edwards & Associates
Listed by: kayla riggs903-262-4248
Office: keller williams realty-tyler
MLS#:21171462
Source:GDAR
Price summary
- Price:$1,300,000
- Price per sq. ft.:$54,166.67
About this home
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. This property offers a versatile unit mix of eight two-bedroom, one-bath units and sixteen one-bedroom, one-bath units, appealing to a broad tenant base that supports consistently strong performance. Nearly every unit has been renovated, with only one unit currently in the process of renovation, allowing a new owner to step into an already improved asset with minimal work remaining. Occupancy is a major highlight, as vacancy is not typical and normally operates 100% occupancy. Designed with investor efficiency in mind, the complex generates over $59,000 in annual profit - with room to increase with recent renovations. Electricity is individually metered, with tenants responsible for their own electric service, and residents contribute $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-for-use laundry facility provides an additional income stream, and the laundry building includes extra space on the opposite side that could serve as an on-site office, additional storage, or even a future amenity such as a small community gym or flex space. The property also features ample on-site parking and the added benefit of two roofs that have already been replaced. With recent renovations, strong occupancy history, multiple income streams, and future upside potential, this South Longview multifamily asset offers a compelling combination of stability, cash flow, and opportunity for continued value growth.
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Home facts
- Year built:1974
- Listing ID #:21171462
- Added:6 day(s) ago
- Updated:February 11, 2026 at 12:53 PM
Rooms and interior
- Living area:24 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric
Structure and exterior
- Roof:Composition
- Year built:1974
- Building area:24 sq. ft.
- Lot area:1.03 Acres
Schools
- High school:Longview
- Middle school:Forrest Park
- Elementary school:Bramlette
Finances and disclosures
- Price:$1,300,000
- Price per sq. ft.:$54,166.67
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