257 20th Avenue

Longview, WA 98632

$1,050,000
Price
—
Beds
4,600 Sq. Ft.
$228 / Sq. Ft.
4,600
Sq. Ft.
$228
per Sq. Ft.

Description

Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 4 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.0% Cap Rate on Year 1 stabilized, 11.67 GRM. 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...Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 4 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.0% Cap Rate on Year 1 stabilized, 11.67 GRM. 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.
  1. Listed by April Treacy • Keller Williams Realty • teamtreacy@gmail.com

Property Details for 257 20th Avenue

Parking Features
Paved
Zoning
4 Plex
Parking Total
4.00
LISTING UPDATED: 12/25/2024 12:25 AM

Property Details for 257 20th Avenue

StatusActive
MLS #24629357
Days on Market72
Taxes$6,731 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2023
Lot Size-
CountyCowlitz County

Building Information for 257 20th Avenue

Stories2Residences4Year Built2023Building Size-Lot Size-

Property Information for 257 20th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: From Seattle/Tacoma, I-5 S to exit 36 WA-432 in Kelso and follow thru Tennant Way and turn L on 22nd
  • Road Surface: Paved
School Information
  • Elementary School: Kessler
  • High School: RA Long
  • Middle Or Junior School: Monticello
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $6,731.00
  • Parcel Number: 04205
  • Tax Legal Description: 226 (HIGHLANDS 2) -12 -13 5 -7N -2W
Property
Lot Information
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 2023
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Composite
  • Roof Type: Composition
Interior Features
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $89,973.00
  • Gross Rent Multiplier: $11.67
  • Net Income Actual: $67,584.00
  • Operating Expense: $22,389.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 4600
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 1.10
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator
  • Unit Type 1 Rent: $1,750
  • Unit Type 1 SqFt: 1150.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 1.10
  • Unit Type 2 Beds Total: 3
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator
  • Unit Type 2 Rent: $1,850
  • Unit Type 2 SqFt: 1150.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Baths Decimal: 1.10
  • Unit Type 3 Beds Total: 3
  • Unit Type 3 Features: Dishwasher, Range, Refrigerator
  • Unit Type 3 Rent: $1,850
  • Unit Type 3 SqFt: 1150.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Baths Decimal: 1.10
  • Unit Type 4 Beds Total: 3
  • Unit Type 4 Features: Dishwasher, Range, Refrigerator
  • Unit Type 4 Rent: $1,850
  • Unit Type 4 SqFt: 1150
  • Unit Type 4 UnitsTotal: 1

Public Records for 257 20th Avenue

Taxable ValueLand$21,500Additions-Total$21,500
Tax Record2024$198 ($17 / month)
Home Facts
Beds0StyleMiscellaneous Vacant LandYear Built1900CountyCOWLITZAPN04205

Schools near 257 20th Avenue

This home is within Longview School District.
Rating
School
Type
Grades
Distance
Kessler Elementary School
Public - K to 5
Monticello Middle School
Public - 6 to 8
R A Long High School
Public - 9 to 12
Saint Helens Elementary School
Public - K to 5
Rating
School
Distance
Kessler Elementary School
PublicK to 5

Monticello Middle School
Public6 to 8

R A Long High School
Public9 to 12

Saint Helens Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 257 20th Avenue, Longview, WA 98632

257 20th Avenue is a multi-family home for sale in Longview, WA 98632. This property was listed for sale on October 16, 2024 by Keller Williams Realty, it's currently listed at $1,050,000. This listing's school district is Longview School District. Nearby schools include Kessler Elementary School, Monticello Middle School and R A Long High School. 257 20th Avenue is a 0-bed, 0-bath, 4,600 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.