Property Details
1 pacific Place #2
Longview, WA 98632
$625,000
Active
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Property Overview
Rare chance to own a two-homes-on-one-lot property in a great location with a deep lot and strong flexibility for owner-occupants or investors. The main home offers approx. 1,200 sq ft with 3 bedrooms, 1.5 baths, new roof, new gutters, new flooring, fresh interior paint, updated bathroom, attached garage, and covered rear patio. The second home is approx. 641 sq ft with 2 bedrooms, 1 bath, plus a detached laundry room with covered walkway. A fence between the homes provides added privacy. Both homes are tenant-occupied, with lawn care and utilities included. Rental agreements available upon request. Great opportunity to live in one and rent the other or purchase as a fantastic rental property. Listing broker is owner.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Cowlitz
Neighborhood
Sunset Way
Listed
Apr 22, 2026
Financial Summary
Cap Rate
9.00%
Net Operating Income
$56,268
Gross Scheduled Income
$65,413
Gross Rent Multiplier
9.55
Total Expenses
$9,145
Building & Use
Building Sq Ft
1,400
Leasable Area
2 sqft
Total Units
2
Lot Size
16,039 sqft
Year Built
1968
Exterior & Lot
Lot Size
0.37 sqft
Year Built
1968
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood Products
Location
City
Longview
County
Cowlitz
Coordinates
46.16161, -122.96126
Additional Information
Tax Year
2026
Annual Taxes
$2,104
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
