Value-Add Multifamily Opportunity in
For Sale
$2,500,000
1224 S High St, Longview, TX 75602
39-unit apartment complex in Longview, TX with value-add potential.
Property Size35,000 SF
Days on Market288
Property Features for 1224 S High St
General Information
Standard status
Active
Size
35,000 SF
Property subtype
Multifamily
Building Details
Building Size
35,000 SF
Year Built
1955
Listed By:
Scott Henderson
(214) 808-4359
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 31
Last Checked: Sep 4 at 5:54AM
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 Scott Henderson
Investment Insights
Based on property information with market context.
Willow Creek Apartments, situated in Longview, TX, presents a value-add opportunity with 39 units. Constructed in 1955, the property has undergone significant renovations in recent years. Located approximately 1.5 miles from downtown Longview, the property is positioned across the street from Ware Elementary School, and within a 10-minute drive to both Foster Middle School and Longview High. The unit mix consists of 1-bedroom and 2-bedroom floor plans. Upgrades to the units include new paint, appliances, flooring, and bathroom and kitchen improvements. The property is located in East Texas, approximately 100 miles from the DFW Metroplex, within the combined markets of Tyler and Longview. The property is currently operating at capacity with a waiting list. Management has concluded that a Ratio Utility Billing System (RUBS) would further expand Net Operating Income (NOI) by reducing overall utility expenses for the property. The property size is 35,000 square feet and sits on approximately 1.12 acres.
Key Highlights
- Value‑add opportunity with continued rental upside.
- Excellent unit mix of 1x1 & 2x1.5 floorplans.
- Offered on a free & clear basis with potential for prepaid property taxes.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 75602, TX
22,041
Population
8,131
Households
2.7
Avg Household Size
33
Median Age
14%
College-Educated
79%
High-School Grad
51.9 sq mi
ZIP Area
425
Density / Sq Mi
$56,659
Median Household Income
$30,199
Median Earnings
$970
Median Rent
$122,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 39-unit apartment complex in Longview, TX with value-add potential.
Where is this apartment building located?
The property is located at 1224 S High St Longview, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Value‑add opportunity with continued rental upside.; Excellent unit mix of 1x1 & 2x1.5 floorplans.; Offered on a free & clear basis with potential for prepaid property taxes.
