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Partially Renovated Multifamily Investment
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214 Longstreet Rd, Willis, TX 77378

16-unit multifamily property with immediate income and upside potential.

Property SizeContact for details
Days on Market1028

Property Features for 214 Longstreet Rd

General Information

Standard status Active
Property subtype Multifamily
Investment Type Value Add

Building Details

Year Built 1983
Year Renovated 2013
Buildings 1
Units 16
Listing Agency: Apex Realtors
Listed By: Farid Chatur · License #TX 0599697
Source: Crexi
Added: Nov 8, 2023 Changed: Aug 8 Last Checked: Apr 24 at 10:14PM

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 Apex Realtors

Investment Insights

Based on property information with market context.

214 Longstreet Apartments offers the opportunity to acquire a partially renovated 16-unit multifamily property. The property has undergone exterior and interior improvements, positioning a new owner to benefit from completed capital upgrades while continuing to increase value through the remaining units. The exterior has been refreshed with new paint and durable Hardie plank siding. Electrical systems have been upgraded with new electrical lines and fixtures installed at each unit. The roof was replaced in 2013 by the previous owner. Interior renovations have been completed on 8 units, which feature modern upgrades including new kitchen cabinetry, updated flooring (tile or carpet), fresh paint, and new appliances including washers, dryers, stoves, and refrigerators. Many of the renovated units also include new HVAC systems. The remaining units are currently in good condition, providing an investor the opportunity to continue renovating and capturing additional rental upside over time. This property represents a balanced investment opportunity with stabilized income from renovated units and additional value-add potential through future upgrades.

Key Highlights

  • Partially renovated 16‑unit multifamily property with immediate income.
  • 8 units feature modern upgrades** including new kitchen cabinetry, updated flooring, fresh paint, and new appliances.
  • Exterior fully refreshed** with new paint and durable Hardie plank siding.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Grocery & Convenience Store Computer & Electronic Repair Tech Support Center Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

31
Businesses Nearby

Demographics for 77378, TX

17,417
Population
6,503
Households
2.7
Avg Household Size
35
Median Age
18%
College-Educated
81%
High-School Grad
89.1 sq mi
ZIP Area
195
Density / Sq Mi
$68,595
Median Household Income
$38,221
Median Earnings
$1,408
Median Rent
$177,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 16-unit multifamily property with immediate income and upside potential.
Where is this apartment building located?
The property is located at 214 Longstreet Rd Willis, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Partially renovated 16‑unit multifamily property with immediate income.; 8 units feature modern upgrades** including new kitchen cabinetry, updated flooring, fresh paint, and new appliances.; Exterior fully refreshed** with new paint and durable Hardie plank siding.
(832) 685-2739 Call to check price and availability
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