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$115,000

518 Williams St, Longview, TX, 75601

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths874 Sq Ft
price_per_sqft$131.58 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater

Exterior

Lot Size14,248 sqft

Building Information

Year Built1955
Stories1
Roof Type112

Land Information

APN3225000544-020-00-02
Lot Number20-22
SubdivisionHillcrest
Land UseResidential
Legal DescriptionLTS 20 THRU 22 BLK 544 HILLCREST
Census Tract000201
Assessed Land Value$4,500
Assessed Improvement Value$96,370
Assessment Year2025

About this property

Welcome to 518 Williams in Longview! This 2 bedroom, 1 bath home is a great opportunity for a first time buyer, someone looking to downsize, or an investor looking for an affordable property in a convenient location. The home has already had several important updates, including subfloor improvements and new flooring in the living room and kitchen, a remodeled bathroom in 2025, and HVAC, water heater, and windows replaced in 2022. That means some of the big-ticket items have already been taken care of, so you can focus on making the home your own. Outside, the property sits on three lots totaling approximately .327 acres, giving you more room than you might expect at this price point. There’s a front porch for enjoying your morning coffee and a carport in the back for covered parking. And the location is hard to beat... just minutes from shopping, hospitals, restaurants, and other everyday conveniences. If you’ve been waiting for an affordable opportunity to stop renting and start building some equity, this might be the one worth taking a look at.

Investor Tools

$86,351Estimated Mortgage Balance
$32,649Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$714 /month
Positive
Cash Flow Estimate:
$238 /month

Interested in this property?

Breanna Starr

Keebaugh & Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$112/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$753
$100,870
2025
$4,500
$96,370
$100,870
No

Tax History

Year
Tax Paid
Assessed Value
2024
$753
$100,870

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eastman Cu
Conventional
$93,000
No
First
Jul 8, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,351
$32,649
27%
73%
$558/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,000/mo
$558/mo
+$442/mo
10.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Longview

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518 Williams St | Property Details | No Agent List