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 Market131
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: Sep 4
Last Checked: Sep 6 at 1:07PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$224,618
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
