Property Details

1023 16th Ave

Longview, WA 98632

$725,000

Available

CBA# 703362 courtesy of CBA Listing firm: Woodford Commercial Real Estate

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Commercial

Property Type

4,000

Bldg Sq Ft

Units

5.00%

Cap Rate

1966

Year Built

Property Overview

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