Active

429 Johnson St

Longview, Texas 75602

$1,200,000 $5,059/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

1.03

Acres(Lot)

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. 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, 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. Electr icity 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.

Property Details

Property Type : Residential Income

Price : $1,200,000

AD Id : 75099413

MLS Id : 550822406

Lot Size : 1.03 Acres

Year Built : 1974

County : Gregg

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0
Interior Features

Open Floorplan

Appliances

Other

Utilities

City Sewer,City Water,Electricity Available
Cooling Features

Ceiling Fan(s),Central Air,Electric

Heating Source

Central,Electric

Fireplace

Number of Fireplaces: 0

Building Information

Built Year: 1974 Building Area Total: 24 Construction: Brick Roof Type: Composition
Foundation

Slab

Security Features

Fire Sprinkler System
Fencing

Fenced

Construction Materials

Brick

Lot Information

Lot Size (Acr): 1.0300 Lot Size Units: Acres Lot Size Square Feet: 44,867 Lot Features: Level
Property Information

Property Type: Residential Income Property Sub Type: Apartment Subdivision: NA City: Longview State: Texas Directions: 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. Property Status: Active Levels: Two Property Age: 52 Year Built Details: Preowned

Listing Price Information

Original List Price: $1,200,000
Listing Information

Possession: Closing/Funding,Lease Outstanding,Other

Tax Information

Parcel Number: 60800000110010002 Tax Legal Description: LTS 1 THRU 4 BLK 11 (NCB 1361) ROLLINS SCHOOL

Parking Information

Garage Space: 0 Carport Spaces: 0 Parking: 30 Parking Features: Off Street,Parking Lot
Homeowners Association Information

HOA Type: None

School Information

Elementary School: Bramlette Middle School: Forrest Park High School: Longview School District: Longview ISD
Utility Information

Utilities: City Sewer,City Water,Electricity Available

Sell a home like this and save $71,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
140 Waterfowl Ln, Longview, TX, 75602	$679,000	4	4	2,619	2,619 SqFt
145 Waterfowl Ln, Longview, TX, 75602	$698,888	4	3.5	2,823	2,823 SqFt
150 Waterfowl Ln, Longview, TX, 75602	$728,900	4	4	2,861	2,861 SqFt
120 Waterfowl Ln, Longview, TX, 75602	$689,000	4	3	2,656	2,656 SqFt
409 Cross Creek Road, Longview, TX, 75602	$144,900	3	2	1,456	1,456 SqFt
118 Woodridge Estates, Longview, TX, 75602	$420,000	3	2	2,743	2,743 SqFt
409 Cross Creek Road, Longview, TX, 75602	$144,900	3	2	1,456	1,456 SqFt
393 Windy Lane, Longview, TX, 75602	$185,000	2	2	1,275	1,275 SqFt
3589 Lansing Switch Road, Longview, TX, 75602	$374,900	3	2	1,721	1,721 SqFt
110 Hidden Creek Lane, Longview, TX, 75602	$429,900	4	3	2,438	2,438 SqFt

Similar Homes To 429 Johnson St

Nearby For Sale

$469,900

Home For Sale

2509 Windmill Lane,
Longview, TX, 75601

Bed

Bath

Sqft

Acre(Lot)

2510 WINDMILLLN Windmill Lane,
Longview, TX, 75601

Bed

Bath

Sqft

Acre(Lot)

610 Rockwall Drive,
Longview, TX, 75604

Bed

Bath

Sqft

Acre(Lot)

203 Erskine Drive,
Longview, TX, 75601

Bed

Bath

Sqft

Acre(Lot)

610 Rockwall Drive,
Longview, TX, 75604

Bed

Bath

2,385

Sqft

0.28

Acre(Lot)

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 06/05/2026 @ 17:09

MLS: 550822406 LISTED BY: Kayla Riggs, Keller Williams Realty-Tyler 903-262-4248 SOURCE: NTREIS - North Texas Real Estate Information