Brick Duplex with Solar
For Sale
$349,000
271 Lawrence Road, Longview, TX 75605
Two three-bedroom units include covered parking and individual rear storage buildings.
Property Size2,664 SF
Lot Size0.79 Acres
Price / SF$131.01
Days on Market310
Property Features for 271 Lawrence Road
General Information
Standard status
Active
Size
2,664 SF
Lot size
0.79 Acres
Property subtype
Multi Family
Zoning
Multi Fam Dwelling 1 St
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
covered parking
individual storage buildings
solar panels
1 Story
Central Electric
Composition
Wood Fence
Concrete
Slab
Brick and Stone
Building Details
Year Built
2009
Units
2
Construction
brick
Listing Agency:
Ramsey Realty Group - Longview
(903) 241-8955
Listed By:
Janti Patel · License #0702321
Source:
Compass
Added: Oct 26, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:09PM
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 Ramsey Realty Group - Longview
Investment Insights
Based on property information with market context.
Located at 271 Lawrence Road in Longview, Texas, this one-story brick duplex contains 2,664 square feet on approximately 0.79 acres. Built in 2009, the property includes two three-bedroom, two-bathroom units with central electric service, covered parking, and separate storage buildings at the rear. Solar panels are also installed on the property.
One unit has been updated, while the other is occupied by a tenant who has remained in place for over 12 years. The site is within Hallsville ISD and carries Multi Fam Dwelling 1 St zoning. Exterior improvements include a concrete slab, wood fencing, and brick and stone construction. The configuration supports continued rental use or an owner-occupant arrangement, both of which are identified in the property information.
One unit has been updated, while the other is occupied by a tenant who has remained in place for over 12 years. The site is within Hallsville ISD and carries Multi Fam Dwelling 1 St zoning. Exterior improvements include a concrete slab, wood fencing, and brick and stone construction. The configuration supports continued rental use or an owner-occupant arrangement, both of which are identified in the property information.
Key Highlights
- 2,664‑SF brick duplex on approximately 0.79 acres
- Two 3‑bedroom, 2‑bathroom units
- Built in 2009 with one unit completely updated
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
$21,648
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
6.20%
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%
$432,960
$433.0K
Cap Rate 7%
$309,257
$309.3K
Cap Rate 9%
$240,533
$240.5K
Market Conditions
NOI Build-Up for 2,664 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
$32.9K $12.36/SF
− Vacancy
−$2.0K −$0.75/SF
EGI
$30.9K $11.61/SF
− OpEx
−$9.3K −$3.48/SF
NOI
$21.6K $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%
$432,960
Cap Rate 7%
$309,257
Cap Rate 9%
$240,533
Alternative Uses
Best Use
Multifamily LT 5
$309.3K
$270.6K – $360.8K
NOI $21,648 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$284.5K
$248.9K – $331.9K
NOI $19,913 @ 7.0% cap · market cap 5.71%
Theoretical Best
Hotel Hospitality
$2.01M
$1.76M – $2.34M
NOI $140,459 @ 7.0% cap · market cap 40.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 75605, TX
32,909
Population
16,425
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
80.3 sq mi
ZIP Area
410
Density / Sq Mi
$75,665
Median Household Income
$48,040
Median Earnings
$1,186
Median Rent
$238,800
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?
Duplex - Two three-bedroom units include covered parking and individual rear storage buildings.
Where is this duplex located?
The property is located at 271 Lawrence Road Longview, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,664‑SF brick duplex on approximately 0.79 acres; Two 3‑bedroom, 2‑bathroom units; Built in 2009 with one unit completely updated
