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429 Johnson St
Longview TX 75602 US

$1,150,000

Active Listing ID 20265788
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Lot: 1.03 Acres
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Apartment

$1,150,000

Active Listing ID 20265788
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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. 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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Property Features

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

Property

  • propertytype: Commercial Sale
  • propertysubtype: Apartment
  • listprice: 1150000
  • 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: 9032624248
  • 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: 2026-08-13
  • countyorparish: Gregg
  • constructionmaterials: Brick
  • numberofunitstotal: 24
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Flat
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Realty Tyler", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":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":"306", "ListOfficeCity":"Tyler", "ListOfficeCountry":"US", "ListOfficeEmail":"klrw436@kw.com", "ListOfficePostalCode":null, "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Longview, TX", "ListingURL":"https://listings.listhub.net/pages/LAARTX/20265788/?channel=rexren", "MLSModificationTimestamp":"2026-08-13 18:09:22", "Neighborhoods":[{"Description":null, "Name":"LGV ISD 113"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/13/2026 6:51:12 PM GMT
Source Updated Date: 8/15/2026 12:43:46 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.