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$634,900
Est. payment /mo
7 Beds
6 Baths
11,122 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 11,122 sqft
Price per Sqft $57
Subdivision Gladwater Ncb;S
MLS Listing ID 25008342
Bedrooms 7
Year Built 1932
Annual Tax Amount $15,318
Tax Year 2024
Lot Size 0.730 Acres
Acres 0.73
Property Sub-Type Fourplex
Property Description
Prime Investment Opportunity in Downtown Gladewater – Fully Leased 8-Unit Multifamily Property with Expansion Potential! Located just steps from the shops, dining, and charm of historic downtown Gladewater, this exceptional 8-unit apartment complex offers immediate cash flow with exciting future upside. Built in 1932, this two-story property is full of character and has been thoughtfully maintained to appeal to long-term tenants and savvy investors alike. The property features a mix of 1-bedroom and 2-bedroom units, all currently leased, along with on-site laundry facilities, plenty of off-street parking, large storage rooms for tenant use, and RV parking with electrical hookups—providing an additional income stream and appealing to both traveling professionals and extended-stay tenants. An investor's dream, this property also includes over 4,100 square feet of unused building space, offering a rare opportunity to add value. Whether you're considering additional residential units, office or retail space, short-term rentals, or tenant amenities, this space gives you the flexibility to grow your investment and increase returns. Situated in a high-demand rental area, this property is a turn-key asset with current occupancy and strong rental appeal—perfect for both seasoned investors and those looking to expand their portfolio. Don't miss out on this rare opportunity in one of East Texas's most charming downtown districts—schedule your private tour today!!!
Location
State TX
County Gregg
Zoning Multi Fam Dwelling 2 ½ St
Interior
Heating Central Electric
Cooling Central Electric
Fireplaces Type None
Exterior
View Y/N No
Building
Foundation Slab
Level or Stories 2 Stories
Schools
Elementary Schools Gladewater
Middle Schools Gladewater
High Schools Gladewater
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Charlotte Williams • Keller Williams Realty-Tyler
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