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    1224 S High St Longview, TX 75602

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    For Sale
    $2,500,000

    39-unit apartment complex in Longview, TX with value-add potential.

    Property size:
    35,000 SF

    Property Features for 1224 S High St

    General Information

    Size
    35,000 SF

    Building Details

    Year built
    1955

    Source: Scott Henderson Agent Scott Henderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Value-Add Multifamily Opportunity in Longview

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rayanne Place Hotel Willow Creek Apartments Apartment Complex Horizon Rehab Center ... Helpline

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.7432669
    Latitude
    32.4779417

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    FAQs

    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.
    (214) 808-4359
    Request Owner's contact information
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    Longview, TX 75602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1224 S High St Longview, TX 75602
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