Property Details
157 Nevada Drive #A-H
Longview, WA 98632
$1,899,999
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Property Overview
Well maintained 8 Plex. 4 separate townhouse duplex units each on its own tax parcel. Units are approx 1093 square feet with 2 bedrooms, 1.5 baths, Vaulted ceilings, walk in closets and washer/dryer hookups. Each unit has a carport and 2 storage rooms. Private courtyards. Recent updates include Painting, New Roofs, Updated windows and flooring. 32×40 garage/shop with 200 amp service and a loft with 1/2 bath also on the property currently used for income and partially owner occupied. Four tax parcels are included in the sale. Most of the units are private and secluded set back off the road in a quiet wooded setting. Rents will be increased for 7 of the 8 units in September reflecting cap rate of over 5%.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Cowlitz
Neighborhood
Columbia Heights
Listed
May 8, 2026
Original Price
$1,999,000
Structure Type
Multi Family
Parcel Number
6121101
Tax & HOA
Annual Property Tax
$14,009 (2025)
Est. Monthly Tax
$1,167/mo
Financial Summary
Cap Rate
5.00%
Net Operating Income
$102,998
Gross Scheduled Income
$156,552
Gross Rent Multiplier
13.71
Total Expenses
$53,554
Building & Use
Building Sq Ft
8,744
Leasable Area
8,744 sqft
Total Units
9
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
39,243 sqft
Year Built
1978
Exterior & Lot
Lot Size
0.90 sqft
Year Built
1978
Garage
3 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Wood Products
Community & Access
Directions
Westside Hwy to Left onto Nevada Drive. Right at Address.
Location
City
Longview
County
Cowlitz
Coordinates
46.16498, -122.92016
Additional Information
Tax Year
2025
Annual Taxes
$14,009
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:20 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.
