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$ 1,200,000
Est. payment | /mo
1.12 Acres Lot
$ 1,200,000
Est. payment | /mo
1.12 Acres Lot
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26011562
Construction Status Pre-owned
Year Built 1955
Tax Year 2026
Lot Size 1.120 Acres
Acres 1.12
Property Sub-Type Building
Source Greater Tyler Association of REALTORS
Property 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
Location
State TX
County Gregg
Interior
Furnishings Pre-owned
Building
Lot Description Inside City Limits
Construction Status Pre-owned
Listed by Samuel Scarborough Scarborough Commercial Real Estate
Nearby Locations
Top 1% Real Estate Team in Texas
Over $2 Billion in Total Sales