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1023 16th Avenue

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1023 16th Avenue

1023 16th Ave, Longview, WA 98632
Multi-Family For Sale Pending Cap Rate 5.46% Built 1966 2 floors Zoning: Residential District
Asking Price
$725,000
Total Building4,000 SF
Available4,000 SF avail
Land6,006 SF land
Parking Total5
& Uncov.
MarketCowlitz County
CountyCowlitz

Read Overview
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Overview

Property ID
305053
Listing ID
703362
Type
Multi-Family
Asset Class
Multi-Family
Zoning
Residential District

Description

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

Listing Courtesy of:

CR
Chris Roewe
Woodford Commercial Real Estate
208 Vine St.,
Kelso, WA 98626
State: WA City: Longview ZIP: 98632 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.