Seven-Building Duplex
New
For Sale
Contact for pricing
1007 Richey Drive, Gladewater, TX 75647
Single-story residential buildings feature uniform two-bedroom, one-bath layouts.
Property Size13,384 SF
Price / SF$66.87
Days on Market5
Property Features for 1007 Richey Drive
General Information
Standard status
Active
Size
13,384 SF
Property subtype
Multifamily
Zoning
R-1
Net Operating Income
$63,322
Building Details
Year Built
1976
Buildings
7
Stories
1
Units
14
Tenancy
Multi
Listing Agency:
Scarborough Commercial Real Estate
Listed By:
Samuel Scarborough, CCIM · License #TX 687976
(903) 570-7366
Source:
Crexi
Added: Aug 29
Changed: Sep 1
Last Checked: Sep 1 at 9:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scarborough Commercial Real Estate
Investment Insights
Based on property information with market context.
This duplex portfolio at 1007 Richey Drive includes seven single-story buildings containing 14 two-bedroom, one-bath units. The properties span eight separate parcels and comprise 13,384 square feet on approximately 3.19 acres. Units average approximately 956 square feet, providing a consistent configuration across the portfolio. The asset was built in 1976 and is zoned R-1.
Recent capital work includes new roofs and gutters installed across all seven buildings in 2025. Select units have also received interior renovations and flooring improvements. The property is situated in Gladewater, between Tyler and Longview, with access to U.S. Highway 80 and Interstate 20. Separate parcel ownership may provide flexibility in managing the buildings individually or as a combined portfolio.
Recent capital work includes new roofs and gutters installed across all seven buildings in 2025. Select units have also received interior renovations and flooring improvements. The property is situated in Gladewater, between Tyler and Longview, with access to U.S. Highway 80 and Interstate 20. Separate parcel ownership may provide flexibility in managing the buildings individually or as a combined portfolio.
Key Highlights
- 14 units across seven single‑story duplex buildings
- 13,384 SF on approximately 3.19 acres across eight separate parcels
- Uniform unit mix of fourteen 2‑bedroom, 1‑bath residences
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
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Business Placement
Demographics for 75647, TX
13,485
Population
5,706
Households
2.4
Avg Household Size
40
Median Age
17%
College-Educated
85%
High-School Grad
88.6 sq mi
ZIP Area
152
Density / Sq Mi
$61,356
Median Household Income
$38,939
Median Earnings
$1,030
Median Rent
$164,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Single-story residential buildings feature uniform two-bedroom, one-bath layouts.
Where is this duplex located?
The property is located at 1007 Richey Drive Gladewater, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 14 units across seven single‑story duplex buildings; 13,384 SF on approximately 3.19 acres across eight separate parcels; Uniform unit mix of fourteen 2‑bedroom, 1‑bath residences
