Townhome and Duplex Residential
For Sale
Contact for pricing
2101 Suffolk Way, Longview, TX 75601
Mixed residential community of 12 townhouses, 5 duplexes, and 4 single-family homes built in 2015–2016.
Property Size27,642 SF
Price / SF$140.91
Days on Market176
Property Features for 2101 Suffolk Way
General Information
Standard status
Active
Size
27,642 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
26
Building Details
Year Built
2015
Buildings
15
Units
26
Tenancy
Single
Listing Agency:
Sands Investment Group - FTL
Listed By:
Andy Jones · License #SL3565955
(754) 258-5750
Source:
Crexi
Added: Apr 30
Changed: Oct 22
Last Checked: Oct 20 at 6:50PM
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 Sands Investment Group - FTL
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Sands Investment Group is exclusively offering the East Haven Residences for sale in Longview, Texas. The community was built in 2015–2016 and includes 12 townhouses, 5 duplexes, and 4 single-family homes, providing a mix of larger 3-bedroom and 2-bedroom units. The property is currently 100% occupied.
The community is located near Forest Park Middle School and is a short drive from Good Shepherd Medical Center, Downtown Longview, and major national retailers. Longview is described in the remarks as an “A” school district.
As currently configured, East Haven Residences presents a combined residential portfolio with multiple housing formats within a single community.
The community is located near Forest Park Middle School and is a short drive from Good Shepherd Medical Center, Downtown Longview, and major national retailers. Longview is described in the remarks as an “A” school district.
As currently configured, East Haven Residences presents a combined residential portfolio with multiple housing formats within a single community.
Key Highlights
- Built in 2015–2016, this mixed residential community includes 12 townhouses, 5 duplexes, and 4 single‑family homes
- Currently 100% occupied
- Unit mix features large 3‑bed and 2‑bed units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,618
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,492,360
$4.5M
Cap Rate 7%
$3,208,829
$3.2M
Cap Rate 9%
$2,495,756
$2.5M
Market Conditions
NOI Build-Up for 27,642 SF
Gross rent
$341.7K $12.36/SF
− Vacancy
−$20.8K −$0.75/SF
EGI
$320.9K $11.61/SF
− OpEx
−$96.3K −$3.48/SF
NOI
$224.6K $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%
$4,492,360
Cap Rate 7%
$3,208,829
Cap Rate 9%
$2,495,756
Alternative Uses
Best Use
Multifamily LT 5
$3.21M
$2.81M – $3.74M
NOI $224,618 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$2.95M
$2.58M – $3.44M
NOI $206,621 @ 7.0% cap · market cap 5.30%
Theoretical Best
Hotel Hospitality
$20.82M
$18.22M – $24.29M
NOI $1,457,424 @ 7.0% cap · market cap 37.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
26
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 75601, TX
15,813
Population
6,545
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
9.1 sq mi
ZIP Area
1,738
Density / Sq Mi
$63,279
Median Household Income
$35,505
Median Earnings
$910
Median Rent
$193,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed residential community of 12 townhouses, 5 duplexes, and 4 single-family homes built in 2015–2016.
Where is this apartment building located?
The property is located at 2101 Suffolk Way Longview, TX.
What is the asking price?
The asking price for this property is $3,895,000.
What are key features of this property?
This property features: Built in 2015–2016, this mixed residential community includes 12 townhouses, 5 duplexes, and 4 single‑family homes; Currently 100% occupied; Unit mix features large 3‑bed and 2‑bed units
