1023 16th Ave
Longview, WA 98632
Multifamily Property For Sale · 5 Units

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.