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24-Unit Apartment Complex with Laundry
For Sale
$1,150,000

429 Johnson St, Longview, TX 75602

Commercial Sale, Longview, TX

Property SizeContact for details
Lot Size1.03 Acres
Days on Market13

Property Features for 429 Johnson St

General Information

Property type Commercial Sale
Property subtype Other
Fencing Fenced
Lot features Inside City Limits
Directions From Tyler, take I-20 E to Longview. Take exit 595B to onto Estes Parkway. Turn right onto Old Elderville Rd. Turn left onto Johnson St follow the curve. Property is on your lefthand side.
Standard status Active
Lot size 1.03 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LTS 1 THRU 4 BLK 11 (NCB 1361) ROLLINS SCHOOL
Legal Description LTS 1 THRU 4 BLK 11 (NCB 1361) ROLLINS SCHOOL

Utilities

Sewer type Public Sewer
Heating system Central
Water source Public

Amenities

on-site laundry

Building Details

Year built 1974
Number of units 24
Building materials Brick
Listing Agency: Keller Williams Realty-Tyler
Listed By: Kayla Riggs · License #718668
Added: Aug 13 Changed: Aug 20 Last Checked: Aug 25 at 2:06PM
MLS# 26011262

Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 24-unit apartment complex in South Longview was built in 1974 with brick construction and includes eight 2-bedroom/1-bath units alongside sixteen 1-bedroom/1-bath units. Twenty-three units have been renovated. The property is served by central heating, public water, public sewer, and individually metered electric service. Residents also contribute toward shared utilities through a RUBS arrangement.

The 1.03-acre property includes on-site parking, fencing, and a pay-per-use laundry facility. The laundry building contains additional space that can serve as office or storage space. Two roofs have been replaced. The address is minutes from LeTourneau University, I-20, shopping, dining, and major employers.

Key Highlights

  • 24‑unit apartment complex on 1.03 acres
  • Unit mix includes eight 2‑bedroom/1‑bath units and sixteen 1‑bedroom/1‑bath units
  • 23 of 24 units have been renovated

Property Analytics

Current Use

Park Place Apartments ... Apartment Building

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Kitchen & Bath Showroom Parking Lot & Garage

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

Lease Details

24
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

146
Businesses Nearby

Demographics for 75602, TX

22,041
Population
8,131
Households
2.7
Avg Household Size
33
Median Age
14%
College-Educated
79%
High-School Grad
51.9 sq mi
ZIP Area
425
Density / Sq Mi
$56,659
Median Household Income
$30,199
Median Earnings
$970
Median Rent
$122,700
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 - Brick multifamily property with individually metered electricity, on-site laundry, and public water and sewer.
Where is this apartment building located?
The property is located at 429 Johnson St Longview, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 24‑unit apartment complex on 1.03 acres; Unit mix includes eight 2‑bedroom/1‑bath units and sixteen 1‑bedroom/1‑bath units; 23 of 24 units have been renovated
More about this property
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