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.
Sold
$1,100,000
285 22nd Ave, Longview, WA 98632
48beds
18,400sqft
Multi Family
Built in 2023
-- sqft lot
$1,123,200 Zestimate®
$60/sqft
$1,362 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 29, 2025 at 01:06am
Listed by:
April Treacy teamtreacy@gmail.com,
Keller Williams Realty
Bought with:
Dacia Alexander, 22001635
eXp Realty LLC
Source: RMLS (OR),MLS#: 24254219
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 48
- Bathrooms: 32
- Full bathrooms: 16
- Partial bathrooms: 16
Cooling
- None
Appliances
- Included: Dishwasher, Range, Refrigerator, Electric Water Heater
Interior area
- Total structure area: 18,400
- Total interior livable area: 18,400 sqft
Property
Parking
- Total spaces: 16
- Parking features: Paved
Features
- Stories: 2
Lot
- Features: SqFt 15000 to 19999
Details
- Parcel number: 04246
- Zoning: 4 plex
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Composite
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Existing
- Year built: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Longview
HOA & financial
Other financial information
- Total actual rent: 29300
Other
Other facts
- Listing terms: Cash,Conventional,FHA
- Road surface type: Paved
Services availability
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,123,200
2% more+ $22,464
With Zillow Showcase(estimated)
$1,145,664