Multi-Family for Sale: 285 22ND AVE, Longview, WA 98632

18,400 sqft
$4,200,000
$4,200,000
285 22ND AVE, Longview, WA 98632
18,400 sqft
$4,200,000
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Price:
$4,200,000
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Square Feet 18,400 sqft
Year Built 2023
Taxes Paid $26,925
City Longview
Area 82 - Cowlitz County not in Woodland City Limits or Scho
County Cowlitz
School District RA Long
MLS 24254219
Status Active
DOM 36 days
Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.5% Cap Rate on Year 1 stabilized, 11.5 GRM & 24% Expense Ratio. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Option for 1-3 more fourplex under devt, if larger portfolio is desired. Offering is for portfolio of 4 fourplexes but open to offers for individual 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave. All separate parcels.

Lot & Building Features

Cooling None
Heating Wall Heater
Parking Description Paved
Sewer Public Sewer
Water Public Water
Water Heater Electricity

Community and Schools

Elementary School Kessler
Junior High School Monticello
Senior High School RA Long

Unit Features

Unit Type 1 Actual Rent 1750
Unit Type 1 Area 1150
Unit Type 1 Baths 1.100
Unit Type 1 Baths Total 2
Unit Type 1 Beds Total 3
Unit Type 1 Features Dishwasher, Refrigerator, Range
Unit Type 1 Units Total 7
Unit Type 2 Actual Rent 1850
Unit Type 2 Area 1150
Unit Type 2 Baths 1.100
Unit Type 2 Baths Total 2
Unit Type 2 Beds Total 3
Unit Type 2 Features Dishwasher, Refrigerator, Range
Unit Type 2 Units Total 5
Unit Type 3 Actual Rent 1950
Unit Type 3 Area 1150
Unit Type 3 Baths 1.100
Unit Type 3 Baths Total 2
Unit Type 3 Beds Total 3
Unit Type 3 Features Dishwasher, Refrigerator, Range
Unit Type 3 Units Total 4

Price History of 285 22ND AVE, Longview, WA

Date Name Price Difference
10/16/2024 Listing Price $4,200,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Don Nunamaker, Realtors
Direct: 541-386-4400
Office
2495 Cascade Ave.
Hood River, OR 97031
541-386-4400
Listed by Keller Williams Realty, April Treacy
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285 22ND AVE (MLS #24254219) is a multi-family listing located in Longview, WA. This property was listed on 10/16/2024 and has been priced for sale at $4,200,000.

Nearby zip codes are 97016, 97048 and 98626. This property neighbors other cities such as Clatskanie, Kelso, Rainier and Rose Valley.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Keller Williams Realty

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Don Nunamaker, Realtors are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.