Pending
285 22ND AVE
Longview WA, 98632
$4,200,000
$228.26 per sqft
Pending
9 Beds
6 Baths
18,400 sqft
Multi-family
Built in 2023
Courtesy of Keller Williams Realty
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.
24254219
MLSⓇ ID
October 16, 2024
Listed
January 30, 2025
Updated
Map
285 22ND AVE
Longview WA, 98632
Interior Features
Total Stories
2
Bedrooms
9
Total Bathrooms
6
Full Bathrooms
6
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
Wall Heater
Exterior/Building Features
Roof
Composition
Sewer
Public Sewer
School Information
High School
RA Long
Elementary School
Kessler
Other Property Details
Area Name
_82
Taxes
$26,925
Tax Frequency
Annually
Days on Market
97
Garage
No
Parking
Paved
Parking Total
16
View
No
County
Cowlitz
Water Source
Public Water
Pool
No
Zoning
4 plex
Listing History
Date | Event | Price |
|---|---|---|
1/22/2025 | Pending | — |
Listing Courtesy of Keller Williams Realty, April Treacy. [email protected]
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This content last updated on 1/30/2025, 6:10 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available
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