429 Johnson St
Longview, TX, 75602
$
1,150,000
Bedrooms24
Baths24.0
Monthly Estimate*
$
7,261
for $1,150,000 with 24 bedrooms and 24 full baths. This home was built in 1974 on a lot size of 1.03.
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 operational 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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Features
Interior
Interior Features
Open Floorplan
Flooring
Vinyl
Occupancy Rate
100
Total Units
24
Total Baths
0
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General
Heating
Central
Electric
Complex Name
429 Johnson St
Cooling
Ceiling Fan(s)
Central Air
Electric
Utilities
City Sewer
City Water
Electricity Available
Possession
Closing/Funding
Lease Outstanding
Other
Roof
Composition
Appliances
Other
Number of Garage Spaces
0
School District
Longview ISD
Pool Y/N
0
Year Built
1974
Levels
Two
Property Subtype
Apartment
Subdivision Name
NA
County
Gregg
Property Type
Residential Income
Construction Materials
Brick
Year Built Details
Preowned
HOA Type
None
# of Buildings
4
Status
Active
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. Prop
City
Longview
Elementary School Name
Bramlette
High School
Longview
Elementary School
Bramlette
Standard Status
Active
Listing Terms
Cash
Conventional
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Exterior
Waterfront
0
Lot Features
Level
Fencing
Fenced
Parking Features
Off Street
Parking Lot
Lot Size
1 to < 3 Acres
Foundation
Slab
Building Area Total
24.00
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* Excluded Features
List By
Kayla Riggs
Listing Agent
Keller Williams Realty-Tyler
Broker
Affordability Calculator
- Monthly Principal & Interest
- $7,261
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Multi-family listings in Longview, TX
Average List Price
$172,450
Percent of Sale Price
85%
About Longview, TX
82,902
Population
13%
Since 2002
$
45,610
Median Income
35.78
Median Age
30%
Households with Children
Trends Information provided by ATTOM Data Solutions.
2688410
Elementary School
5136399
Middle School
Pricing History
| Date |
Price |
Price Change |
Description |
|
8/13/2026
|
$1,150,000
|
|
Listed Price
|