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429 Johnson St

Longview, Texas 75602
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Bed 0

Bed

Bath 0

Bath

Acres1.03

Acres(Lot)

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. The property features an attractive unit mix of eight 2-bedroom, 1-bath units and sixteen 1-bedroom, 1-bath units, appealing to a broad tenant base. Twenty-three of the 24 units have been renovated, allowing a new owner to step into an improved asset with minimal remaining work. Occupancy is a major strength, with the property historically operating at or near 100% occupancy and vacancy not typically being an issue. The complex currently generates more than $59,000 in annual profit, with additional upside potential from the recent renovations and continued operationa l improvements. Electricity is individually metered, with tenants responsible for their own electric service. Residents also pay $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-per-use laundry facility provides an additional income stream. The laundry building also includes bonus space on the opposite side that could be used as an on-site office, additional storage, or potentially converted into a future amenity such as a small community gym, resident lounge, or flex space. Additional highlights include ample on-site parking and two roofs that have already been replaced, reducing near-term capital expenditure concerns. With 23 renovated units, strong occupancy, multiple income streams, investor-friendly utility structures, and additional value-add potential, this South Longview multifamily asset offers an attractive combination of stability, cash flow, and long-term growth potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,150,000

AD Id : 89512162

MLS Id : 570844951

Lot Size : 1.03 Acres

Year Built : 1974

County : Gregg

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Map

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Feature 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: $1,150,000
  • 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
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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 @ 05:59

MLS: 570844951 LISTED BY: Kayla Riggs, Keller Williams Realty-Tyler 903-262-4248 SOURCE: NTREIS - North Texas Real Estate Information

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