Property Details
1023 16th Avenue
Longview, WA 98632
$725,000
Active
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Property Overview
Fantastic investment opportunity 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 5 spacious 2-bed/1-bath units. Each unit offers comfortable layouts, with select units featuring fireplaces & in-unit laundry hookups. Additional features include a 5-car carport, exterior storage, & coin-operated laundry machines that transfer with sale. Property generates solid income & offers strong upside potential through increased occupancy, value-add improvements, & rent adjustments to current market rates. Offered at a 5.7% CAP rate & connected to Longview utilities. Occupied interior tours available upon mutual acceptance.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Cowlitz
Neighborhood
Longview
Listed
Oct 6, 2025
Financial Summary
Cap Rate
5.70%
Net Operating Income
$41,525
Gross Scheduled Income
$67,200
Gross Rent Multiplier
10.70
Total Expenses
$24,395
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
4,000
Leasable Area
4,000 sqft
Total Units
5
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,998 sqft
Year Built
1966
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1966
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Brick, Wood Products
Location
City
Longview
County
Cowlitz
Coordinates
46.13334, -122.94055
Additional Information
Tax Year
2025
Annual Taxes
$5,247
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.
