1007 Richey Dr Gladewater TX 75647

Investment Overview

Eastgate Duplexes presents the opportunity to acquire a 14-unit multifamily portfolio consisting of seven single-story duplex buildings across eight separate parcels in Gladewater, Texas. The portfolio totals 13,384 SF on approximately 3.19 acres, with a uniform mix of fourteen 2-bedroom, 1-bath units averaging approximately 956 SF each. Ownership has completed significant recent improvements, including new roofs and gutters across all seven buildings in 2025, along with interior renovations and flooring improvements in select units. The portfolio offers identifiable upside through continued rent growth, with in-place rents averaging approximately $850 per month and recent leases signed at $900 and $950. The separate parcel configuration also provides investors with added flexibility to hold the portfolio as a whole or potentially sell individual duplex properties over time. Located between Tyler and Longview with convenient access to U.S. Highway 80 and Interstate 20, Eastgate Duplexes offers a manageable multifamily investment with current income, recent capital improvements, and multiple paths for future value creation.

Investment Highlights

• 14-Unit Multifamily Portfolio – Seven single-story duplex buildings totaling 13,384 SF on approximately 3.19 acres.
• Major 2025 Capital Improvements – New roofs and gutters installed across all seven buildings, with additional recent interior and flooring improvements.
• Eight Separate Parcels – Seven improved duplex parcels provide investors with flexibility for long-term ownership or potential individual property dispositions.
• Mark-to-Market Rent Upside – In-place rents average approximately $850 per month, while recent leases at $900 and $950 demonstrate potential for continued rent growth.
• Uniform Unit Mix – All fourteen units feature 2 bedrooms, 1 bathroom and approximately 956 SF, simplifying leasing, maintenance and unit turns.
• Flexible Investment Strategy – Opportunity to operate the assets as a single income-producing portfolio while maintaining potential parcel-level exit options.
• Strategic East Texas Location – Positioned between Tyler and Longview with convenient access to U.S. Highway 80 and Interstate 20.
• Nearby Retail & Healthcare – Convenient to CHRISTUS Trinity Clinic and established Gladewater retailers, services and employment centers