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429 Johnson St
Longview TX 75602 US

$1,200,000

Active Listing ID 20260806
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Lot: 1.03 Acres
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Apartment

$1,200,000

Active Listing ID 20260806
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429 Johnson St 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. Twenty-three of the 24 units have 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. 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

  • Facts
  • Lot Size: 1.03 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Apartment
  • Features
  • Exterior Finish: Fence
  • Roof Type: Flat

Property

  • propertytype: Commercial Sale
  • propertysubtype: Apartment
  • listprice: 1200000
  • unparsedaddress: 429 Johnson St
  • postalcity: Longview
  • stateorprovince: TX
  • country: US
  • postalcode: 75602
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.03
  • lotsizeunits: Acres
  • lotsizearea: 1.03
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Kayla Riggs
  • listagentemail: klrw436@kw.com
  • listagentkey: 3yd-LAARTX-3764
  • listagentmlsid: 3764
  • listagentpreferredphone: 9032624248
  • listagentofficephone: 9035346600
  • listofficekey: 3yd-LAARTX-306
  • listofficemlsid: 306
  • disclaimer: Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: LAARTX
  • yearbuilt: 1974
  • listingcontractdate: 2026-02-06
  • countyorparish: Gregg
  • constructionmaterials: Brick
  • numberofunitstotal: 24
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Flat
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Fence
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Realty Tyler", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"klrw436@kw.com", "ListBrokerageCity":"Tyler", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw436@kw.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Keller Williams Realty Tyler", "ListBrokeragePhone":"(903) 534-6600", "ListBrokeragePostalCode":"75703", "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"6761 Old Jacksonville Hwy", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"6761 Old Jacksonville Hwy", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Tyler", "ListOfficeCountry":"US", "ListOfficeEmail":"klrw436@kw.com", "ListOfficePostalCode":"75703", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Longview, TX", "ListingURL":"https://listings.listhub.net/pages/LAARTX/20260806/?channel=rexren", "MLSModificationTimestamp":"2026-03-25T22:25:55Z", "Neighborhoods":[{"Description":null, "Name":"LGV ISD 113"}], "PostalCode":null, "RawPropertySubType":"Apartment", "RawPropertyType":"Commercial/Industrial", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/26/2026 12:04:17 AM GMT
Source Updated Date: 4/1/2026 6:59:59 PM GMT

Courtesy of: Kayla Riggs, Keller Williams Realty-Tyler, klrw436@kw.com

Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.