Updated Duplex
2005 Majestic Pace St, Longview, TX 75604
For Sale
$254,000
Two residential units feature matching two-bedroom, one-bath layouts.
Property Size1,314 SF
Price / SF$193.30
Days on Market114
Property Features for 2005 Majestic Pace St
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Tenancy
Listing Agency:
Ember Realty
(903) 297-0591
Listed By:
Heather Kelly · License TX #0576998
(903) 452-0528
Source:
Exprealty
Added: Jul 20
Changed: Oct 26
Last Checked: Nov 8 at 10:06AM
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 Ember Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This updated duplex contains two residential units, each arranged with two bedrooms and one full bathroom. The matching layouts provide straightforward residential functionality, while recent improvements have been completed across the property. The address is 2005 Majestic Pace St in Longview, Texas, with access to shopping, dining, schools, and everyday amenities. The configuration supports multiple occupancy strategies, including leasing both units or living in one while renting the other. Its combination of two-unit design, consistent floor plans, and recent updates offers a practical format for residential ownership and management.
Key Highlights
- Duplex with two residential units
- Each unit includes 2 bedrooms and 1 full bath
- Recent updates completed throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,678
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,560
$213.6K
Cap Rate 7%
$152,543
$152.5K
Cap Rate 9%
$118,644
$118.6K
Market Conditions
NOI Build-Up for 1,314 SF
Gross rent
$16.2K $12.36/SF
− Vacancy
−$987 −$0.75/SF
EGI
$15.3K $11.61/SF
− OpEx
−$4.6K −$3.48/SF
NOI
$10.7K $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%
$213,560
Cap Rate 7%
$152,543
Cap Rate 9%
$118,644
Alternative Uses
Best Use
Multifamily LT 5
$152.5K
$133.5K – $178.0K
NOI $10,678 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$140.3K
$122.8K – $163.7K
NOI $9,822 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$462.2K
$404.5K – $539.3K
NOI $32,356 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 75604, TX
30,752
Population
13,579
Households
2.3
Avg Household Size
36
Median Age
23%
College-Educated
85%
High-School Grad
44.1 sq mi
ZIP Area
697
Density / Sq Mi
$67,826
Median Household Income
$40,484
Median Earnings
$1,058
Median Rent
$189,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in Longview
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature matching two-bedroom, one-bath layouts.
Where is this duplex located?
The property is located at 2005 Majestic Pace St Longview, TX.
What is the asking price?
The asking price for this property is $254,000.
What are key features of this property?
This property features: Duplex with two residential units; Each unit includes 2 bedrooms and 1 full bath; Recent updates completed throughout the property
