Four-Home Manufactured Housing
For Sale
$349,900
261 331 335 339 Shenandoah, Longview, TX 75605
Residential Income, Longview, TX
Property Size3,068 SF
Lot Size2.00 Acres
Price / SF$114.05
Days on Market51
Property Features for 261 331 335 339 Shenandoah
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Patio and Porch features
Deck
Elementary school
Hallsville
Middle school
Hallsville
High school
Hallsville
Directions
Off Loop 281 heading towards Hallsville turn Left (north) on Alpine. Veer right on FM 2208 for 3.75 miles then turn Right on Shenandoah. Property on Left before sharp curve.
Standard status
Active
Size
3,068 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SUBD: SHENANDOAH, LOT: 25-26,Lot 27 Pt 8
Tax Annual Amount
680
Legal Description
SUBD: SHENANDOAH, LOT: 25-26,Lot 27 Pt 8
Utilities
Sewer type
Aerobic Septic
Heating system
Central
Cooling system
Electric, Central Air
Building Details
Year built
2012
Number of units
4
Flooring type
Vinyl
Building materials
Aluminum Siding
Listing Agency:
Texas Real Estate Executives
(903) 680-4663
Listed By:
Kimberly Buettner · License #0516679
(903) 790-1143
Added: Aug 18
Changed: Sep 30
Last Checked: Oct 7 at 5:06PM
MLS# 26011490
Copyright © 2026 Greater Tyler 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.
Investment Insights
Based on property information with market context.
This quadplex comprises four tenant-occupied manufactured homes totaling 3,068 square feet on approximately 2 acres. Three homes date to 2012, while the fourth was built in 1979. Unit 1 has new flooring installed in 2026 and an accessible ramp; Units 1, 2, and 3 received new roofs in 2025. Unit 4 has a recently replaced HVAC system and a long-term tenant. The homes feature aluminum siding, vinyl flooring, central heating, central air, electric cooling, and decks.
The property is located in Longview, Texas, within Hallsville ISD, and is served by an aerobic septic system. A current maintenance contract is in place for the septic system. All four residences are leased, including two long-term tenants, creating an occupied four-home configuration.
The property is located in Longview, Texas, within Hallsville ISD, and is served by an aerobic septic system. A current maintenance contract is in place for the septic system. All four residences are leased, including two long-term tenants, creating an occupied four-home configuration.
Key Highlights
- Four tenant‑occupied manufactured homes totaling 3,068 square feet
- Approximately 2 acres in Hallsville ISD
- New roofs on Units 1, 2, and 3 completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,930
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,600
$498.6K
Cap Rate 7%
$356,143
$356.1K
Cap Rate 9%
$277,000
$277.0K
Market Conditions
NOI Build-Up for 3,068 SF
Gross rent
$37.9K $12.36/SF
− Vacancy
−$2.3K −$0.75/SF
EGI
$35.6K $11.61/SF
− OpEx
−$10.7K −$3.48/SF
NOI
$24.9K $8.13/SF
Area
Gregg County, TX
Vacancy
6.08%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,600
Cap Rate 7%
$356,143
Cap Rate 9%
$277,000
Alternative Uses
Best Use
Multifamily LT 5
$356.1K
$311.6K – $415.5K
NOI $24,930 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$327.6K
$286.7K – $382.2K
NOI $22,933 @ 7.0% cap · market cap 6.55%
Theoretical Best
Hotel Hospitality
$2.31M
$2.02M – $2.70M
NOI $161,760 @ 7.0% cap · market cap 46.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 75605, TX
32,909
Population
16,425
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
80.3 sq mi
ZIP Area
410
Density / Sq Mi
$75,665
Median Household Income
$48,040
Median Earnings
$1,186
Median Rent
$238,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied manufactured homes provide an established residential income configuration with recent unit-level improvements.
Where is this quadplex located?
The property is located at 261 331 335 339 Shenandoah Longview, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Four tenant‑occupied manufactured homes totaling 3,068 square feet; Approximately 2 acres in Hallsville ISD; New roofs on Units 1, 2, and 3 completed in 2025
