429 Johnson St , Longview, TX 75602(Gregg County)

Exceptional opportunity to own a well-maintained, income-producing 24-unit complex in a highly convenient South Longview location, just minutes from LeTourneau University, Interstate-20, shopping, dining and major employers. This property offers a versatile mix of eight 2/1 units and sixteen 1/1 units, appealing to a broad tenant base that supports consistently strong performance. Every unit (except one in progress) has been renovated with new flooring, granite countertops, stainless steel appliances, new windows, about 50% of the AC units and more! Occupancy is a major highlight, as vacancy is not typical and normally operates at 100% occupancy. Designed with investor efficiency in mind, the complex generates a sizable annual profit - with room to increase with recent renovations. Tenants cover their electric bills and contribute $70 per month plus RUBS (Ratio Utility Billing System) toward shared utilities such as water and trash, helping to keep operating expenses predictable and controlled. A 1300 sq. ft. detached building includes an on-site, pay-for-use laundry facility that provides an additional income stream. The opposite side of that same building includes extra space that could serve as an on-site office, additional storage, one more unit or possibly 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.

Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.