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Active Option Contract

237 E Culver Street

Longview, Texas 75602
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$250,000 $1,054/Mo
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Bed 8

Bed

Bath 7

Bath

Acres0.23

Acre(Lot)

7-Unit Multi-Family Investment - Longview, TX - Seller Financing and 90-Day Management Support Solid income-producing 7-unit Class C multi-family investment opportunity in Longview, located near LeTourneau University. Situated across two multi-story buildings on a mature, shaded 0.23-acre lot, this property presents a compelling value-add play for hands-on investors ready to modernize a well-located rental asset. Property Highlights: - Unit Mix: 7 total units (combination of 1BD, 1BA and 2BD, 1BA layouts) across 3 separate structures - Livable Space: 3,357 SF combined gross living area - Gross Income: $5,400 per month ($64,800 per year) actual gross rent - Layout and Access: Dedicated off-street driveway access servicing front and rear buildings - Zoning and Utilities: Zoned for multi-family use; City of Longview water, sewer, electric, and gas Location: Situated between S. Green St and S. Mobberly Ave corridors, convenient to LeTourneau University Site Features: FEMA Flood Zone X (outside 100-year floodplain); no known adverse easements or encroachments Investment and Seller Financing Terms: Asking Price: $250,000 (Sold As-Is) Seller Financing Terms: $20,000 down payment; 7.0 percent Interest Rate; $1,530 per month P&I (30-year amortization schedule with an 8-year balloon payment) Buyer Incentive: Includes 90 days of post-closing transitional property management assistance to ensure seamless tenant onboarding, rent collection continuity, and operational handoff. Showing Instructions: To minimize disruption to active tenants, initial showings are strictly limited to the exterior and one designated vacant unit. Full access to occupied units will be granted upon an accepted purchase contract. Buyer to independently verify all information

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Detail Ic Property Details

Property Type : Residential Income

Price : $250,000

AD Id : 89167570

MLS Id : 570178074

Beds : 8

Lot Size : 0.23 Acre

Year Built : 1943

County : Gregg

Subdivision: South Highlands

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 8

    Bathroom Information

    Total Baths: 7 Full Baths: 7

  • Interior Features

    Pantry,Walk-In Closet(s)

    Appliances

    Electric Oven,Gas Oven,Microwave,Refrigerator

    Utilities

    Asphalt,Cable Available,City Sewer,City Water,Electricity Connected,Master Gas Meter,Master Water Meter

  • Cooling Features

    Ceiling Fan(s),Window Unit(s)

    Heating Source

    Natural Gas,Space Heater

  • Building Information

    Built Year: 1943 Building Area Total: 3,357 Construction: Brick,Siding Roof Type: Asphalt,Shingle

  • Foundation

    Pillar/Post/Pier

  • Construction Materials

    Brick,Siding

  • Lot Information

    Lot Size (Acr): 0.2300 Lot Size Units: Acres Lot Size Square Feet: 10,019 Lot Size Source: Assessor Lot Features: Acreage

  • Property Information

    Property Type: Residential Income Property Sub Type: Apartment Subdivision: South Highlands City: Longview State: Texas Directions: Use GPS Property Status: Active Option Contract Levels: Two Property Age: 83 Year Built Details: Preowned

  • Listing Price Information

    Original List Price: $250,000

  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 65100000110310002 Tax Block: 65785 Tax Lot: 31-33 Unexempt Taxes: $2,763

  • Parking Information

    Parking: 10 Parking Features: Driveway,Off Street,Parking Lot

  • Homeowners Association Information

    HOA Type: None

  • School Information

    Middle School: Foster High School: Longview Primary School: Doris Mcqueen School District: Longview ISD

  • Utility Information

    Utilities: Asphalt,Cable Available,City Sewer,City Water,Electricity Connected,Master Gas Meter,Master Water Meter
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
150 Waterfowl Ln, Longview, TX, 75602 $728,900 4 4 2,861 2,861 SqFt
140 Waterfowl Ln, Longview, TX, 75602 $674,000 4 4 2,619 2,619 SqFt
120 Waterfowl Ln, Longview, TX, 75602 $684,000 4 3 2,656 2,656 SqFt
205 Thorn Briar Trail, Longview, TX, 75602 $819,000 4 3.5 2,775 2,775 SqFt
507 Hallsville Hts, Longview, TX, 75602 $159,900 3 2 1,568 1,568 SqFt
1114 Quail Lane, Longview, TX, 75602 $395,000 3 2 1,312 1,312 SqFt
105 Cedar Ridge Rd, Longview, TX, 75602 $344,900 4 2 2,097 2,097 SqFt
110 Hidden Creek Lane, Longview, TX, 75602 $422,000 4 3 2,438 2,438 SqFt
210 Towering Oaks Meadows, Longview, TX, 75602 $379,900 3 2 1,917 1,917 SqFt
180 Towering Oaks Haven, Longview, TX, 75602 $389,000 4 2 2,302 2,302 SqFt

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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 08/15/2026 @ 06:48

MLS: 570178074 LISTED BY: Yaw Asante, United Real Estate Frisco 903-355-1849 SOURCE: NTREIS - North Texas Real Estate Information

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