Excellent investment opportunity in highly desirable Hallsville ISD! Situated on approximately 2 acres, this income-producing property features four tenant-occupied manufactured homes with immediate cash flow and room to expand by adding additional homes. Three of the homes were built in 2012, while the fourth was built in 1979. Significant recent improvements have already been completed, including new roofs on Units 1, 2, and 3 (2025). Unit 1 also received all-new flooring in 2026 and includes a recently installed ADA-accessible ramp. Three newer units are in great condition with only minor issues. Unit 4 features a recently replaced HVAC system and is occupied by a long-term tenant. Current rental income includes Unit 1 at $950/mo, Unit 2 $875/mo, Unit 3 $850/mo and Unit 4 at $675/mo, with all four homes currently leased, including two long-term tenants, providing stable income from day one. The property is serviced by an aerobic septic system with a current maintenance contract already in place, adding peace of mind for the new owner. With its strong rental history, valuable updates, expansion potential, and excellent location in Hallsville ISD, this is an outstanding opportunity for investors looking to grow their portfolio or add a turnkey income-producing property.
For sale
$349,900
261 Shenandoah Dr, Longview, TX 75605
--beds
--baths
--sqft
Multi Family
Built in 2012
-- sqft lot
$183,100 Zestimate®
$--/sqft
$-- HOA
What's special
Four tenant-occupied manufactured homesRecently installed ada-accessible ramp
- 95 days
- 39
- 1
Zillow last checked:
Listing updated:
Listed by:
Kimberly Buettner 903-790-1143,
Texas Real Estate Executives
Source: LGVBOARD,MLS#: 20264566
Facts & features
Interior
Rooms
- Room types: Family Room
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Range/Oven, Electric Water Heater
- Laundry: Laundry Room
Features
- Flooring: Vinyl
- Has fireplace: No
- Fireplace features: None
Property
Parking
- Total spaces: 5
- Parking features: No Garage, Parking Pad, Circular Driveway
- Has uncovered spaces: Yes
Features
- Fencing: Partial
Lot
- Features: Landscaped
Details
- Additional structures: Storage
- Parcel number: 8834, 45995, 10097176, 10097177, 10097178
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
- Foundation: Other
- Roof: Composition,Other,Gable
Condition
- Year built: 2012
Utilities & green energy
- Electric: Separate Meter-Electric, Rural Electric, Separate Meter, Upshur Rural
- Water: Harrison County
Community & HOA
Location
- Region: Longview
Financial & listing details
- Tax assessed value: $37,610
- Annual tax amount: $680
- Price range: $349.9K - $349.9K
- Date on market: 6/26/2026
- Listing terms: Cash,Conventional
- Total actual rent: 3300
- Tenant pays: Electricity
- Road surface type: Paved
Estimated market value
$183,100
$135,000 - $245,000
$1,143/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Listed for sale | $349,900 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $423 +25.9% | $37,610 +30.1% |
| 2024 | $336 -0.3% | $28,910 +0.1% |
| 2023 | $337 -17.6% | $28,870 +0% |
| 2022 | $409 | $28,860 +14.6% |
| 2021 | -- | $25,190 -0.4% |
| 2020 | $316 -27.8% | $25,300 +1.2% |
| 2019 | $438 +30.7% | $24,990 +2.1% |
| 2018 | $335 +0.9% | $24,480 |
| 2017 | $332 | $24,480 +0.9% |
| 2016 | $332 -0.4% | $24,260 -0.4% |
| 2015 | $334 -1.3% | $24,350 -0.4% |
| 2014 | $338 -0.7% | $24,440 |
| 2013 | $340 +0.2% | -- |
| 2012 | $340 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment



