Townhome and Duplex Residential
2101 Suffolk Way Longview, TX 75601
2101 Suffolk Way, Longview, TX, 75601
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For Sale
Contact for pricing
Mixed residential community of 12 townhouses, 5 duplexes, and 4 single-family homes built in 2015–2016.
Property Size27,642 SF
Price / SF$143.80
Days on Market84
Property Features for 2101 Suffolk Way
General Information
- Standard status
- Active
- Size
- 27,642 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2015
Listing agency
Sands Investment Group
(754) 258-5750
Listed by
Max Freedman · License #TX 644481
Source
Crexi
Added: Apr 30 Updated: Jul 21 at 3:21AM Checked: Jul 21 at 3:21AM
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
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $341.7k | $12.36 |
| − Vacancy | −$20.8k | −$0.75 |
| EGI | $320.9k | $11.61 |
| − OpEx | −$96.3k | −$3.48 |
| NOI | $224.6k | $8.13 |
27,642 SF · lease $12.36/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$3.21M
$2.81M – $3.74M
NOI $224,618 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$2.95M
$2.58M – $3.44M
NOI $206,621 @ 7.0% cap · market cap 5.20%
Theoretical Best
Hotel Hospitality
$20.82M
$18.22M – $24.29M
NOI $1,457,424 @ 7.0% cap · market cap 36.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 $3,975,000.
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
