Property Details
303 E Broadway Avenue
Montesano, WA 98563
$3,510,000
Active
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Property Overview
Built new in 2022, this 10-unit townhome-style multifamily asset offers the benefits investors seek in newer construction: modern building systems, attractive tenant layouts, and limited maintenance obligations. The property has been designed to promote strong tenant retention and efficient management. Located in Montesano, Washington, the governmental hub of Grays Harbor County, the property benefits from proximity to employment centers, services, and regional amenities. Current rents provide measured upside potential through future market adjustments, presenting investors with both stability and income growth prospects. An excellent fit for buyers pursuing durable, newer multifamily inventory or completing a 1031 exchange.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
Montesano
Listed
Jan 9, 2026
Original Price
$3,520,000
Structure Type
Multi Family
Parcel Number
070700101300
Tax & HOA
Annual Property Tax
$22,222 (2025)
Est. Monthly Tax
$1,852/mo
Financial Summary
Cap Rate
5.79%
Net Operating Income
$203,633
Gross Scheduled Income
$256,560
Gross Rent Multiplier
13.70
Total Expenses
$50,718
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
11,300
Leasable Area
11,300 sqft
Total Units
10
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
22,751 sqft
Year Built
2022
Exterior & Lot
Lot Size
0.52 sqft
Year Built
2022
Garage
5 spaces
Exterior Materials
Cement Plank, Wood
Sewer
STEP Sewer
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Cement Planked, Wood, Wood Products
Community & Access
Directions
Address is GPS friendly. HWY 12 and take the Montesano exit and turn right on S Main Street, then right on Pioneer, then left on S Sylvia St. to property on Right.
Location
City
Montesano
County
Grays Harbor
Coordinates
46.98122, -123.59797
Additional Information
Tax Year
2025
Annual Taxes
$22,222
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. 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.
