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1023 16th Ave
Longview, WA 98632
Multifamily Property For Sale
·
5 Units
Investment Highlights
- 5.7% CAP Rate
- Carport & Exterior Storage
- Additional Income from Laundry
Executive Summary
Fantastic investment opportunity in the heart of Longview, 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 five spacious 2-bedroom, 1-bathroom units. Each unit offers comfortable layouts, with select units featuring fireplaces and in-unit laundry hookups. Additional features include a five-car carport, exterior storage, and coin-operated laundry machines that transfer with the sale. With a mix of stable, long-term tenants already in place, the property generates solid income and offers strong upside potential through increased occupancy, value-add improvements, and rent adjustments to current market rates. Offered at a 5.7% CAP rate and connected to Longview utilities, this is a solid, income-producing asset—perfect for any investor looking to expand their portfolio. Occupied interior tours available upon mutual acceptance.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 15 | $1,542 CAD | - |
Property Taxes
| Parcel Number | 0-1067 | Improvements Assessment | $763,842 CAD |
| Land Assessment | $98,179 CAD | Total Assessment | $862,021 CAD |
Property Taxes
Parcel Number
0-1067
Land Assessment
$98,179 CAD
Improvements Assessment
$763,842 CAD
Total Assessment
$862,021 CAD
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