TX
Gregg
Longview
75602
429 Johnson St St
429 Johnson St St, Longview, TX 75602
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Listing Type
Condo/Townhome
Listing Status
Active
27
$1,300,000

Home Details for 429 Johnson St St

Price
$1,300,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1974
Lot size acres
1.03
County
Gregg
Garage
Days on site
15
MLS Listing#
21171462
Property 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, with only one unit currently in the process of renovation, 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. Electricity 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.

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Property Features
  • Cooling Information
    • Ceiling Fan(s)
    • Central Air
    • Electric
  • Heating Information
    • Central
    • Electric
  • Parking
    • Off Street
    • Parking Lot
  • Water Features
    • Public
  • House Interior
    • Open Floorplan
  • Utilities
    • Electricity Available
School Information
School Information for 429 Johnson St St, Longview, TX 75602
Elementary School
Bramlette
Middle School
Forrest Park
High School
Longview
Listing Courtesy: Keller Williams Realty-Tyler - 903-534-6600
Presented by: Kayla Riggs
Dallas MLS - N.T.R.E.I.S. logoThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Last Updated: 2026-02-06 21:01:58
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EXIT REALTY ELITE
129 S. Main St, Ste 260, Grapevine, TX 76051
Jerry Hawn
License #: 0706288
Sales Representative
Office
817 925 5503
Agent
817 905 9019
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