$725,000

1023 16th Avenue, Longview, WA 98632

Multi-Family Home
Built in 1966
5,998sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

This listing courtesy of Chris Roewe, Woodford Commercial RE

Fantastic investment opportunity just blocks from Lake Sacajawea! This well-maintained five-plex offers 4,000 SF of total living space on a 6,000 SF lot, featuring 5 spacious 2-bed/1-bath units. Each unit offers comfortable layouts, with select units featuring fireplaces & in-unit laundry hookups. Additional features include a 5-car carport, exterior storage, & coin-operated laundry machines that transfer with sale. Property generates solid income & offers strong upside potential through increased occupancy, value-add improvements, & rent adjustments to current market rates. Offered at a 5.7% CAP rate & connected to Longview utilities. Occupied interior tours available upon mutual acceptance.

Listing Status:: Active
Listing Office:: Woodford Commercial RE : 360-501-5500
Listing Agent:: Chris Roewe : 360-501-5500
MLS ID:: 2441946

Flooring: LaminateCarpet
A/C: None
Heating: Other – See Remarks
Fireplace: Fireplaces: 0

General: BrickWood Products
Parking: Parking spaces: 6

Roofing: Composition
General: 55 - 5-9 Units

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Longview
County: Cowlitz

Zoning: 01067

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Chris Roewe, Woodford Commercial RE

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Kessler Elementary School

1902 E Kessler Blvd, Longview, WA, 98632

Grades KG-5

0.27 miles away

Longview Virtual Academy

2742 Harding St, Longview, WA, 98632

Grades 6-12

0.90 miles away

Mark Morris High School

1602 Mark Morris Ct, Longview, WA, 98632

Grades 9-12

0.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.