1023 16th AVE new to site Save Request In-Person Tour Request Virtual Tour
Longview,WA 98632
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $181
Subdivision Longview
MLS Listing ID 2441946
Style 55 - 5-9 Units
Bedrooms 10
Year Built 1966
Annual Tax Amount $5,247
Lot Size 6,000 Sqft
Property Sub-Type Multi Family
Property Description
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.
Location
State WA
County Cowlitz
Area 404 - Westside
Interior
Flooring Laminate,Carpet
Fireplace false
Exterior
Exterior Feature Brick,Wood Products
View Y/N No
Roof Type Composition
Building
Lot Description Alley,Curbs,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Longview
Others
Senior Community No
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional