Property Details
616 Columbia Avenue
Bridgeport, WA 98813
$525,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 37
Property Overview
Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a strong 9.8% Net Cap Rate and tremendous 7.75% Gross Rent Multiplier! New improvements include a brand new TPO roof, interior remodels to units, and new exterior paint. Low operating costs and cheap utilities make this a high-efficiency investment. With the building totaling 4,228 square feet of one-level living, this property also features a shared laundry room and large backyard which includes a versatile 416 square foot shop for storage or additional income. Located in a central area of Washington with stable rental demand. Ideal for investors seeking reliable cash flow and long-term upside. **Seller Financing Available** With reasonable financing terms from the Seller, you can acquire this great income-producing property AND keep the mortgage off your books, bureaus, ratios, etc. Leases and Financials available upon request.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Douglas
Neighborhood
Bridgeport
Listed
Feb 24, 2026
Original Price
$574,900
Financial Summary
Cap Rate
9.78%
Net Operating Income
$56,225
Gross Scheduled Income
$74,160
Gross Rent Multiplier
7.75
Total Expenses
$17,935
Building & Use
Building Sq Ft
4,228
Leasable Area
4,228 sqft
Total Units
7
Lot Size
18,295 sqft
Year Built
1951
Exterior & Lot
Lot Size
0.42 sqft
Year Built
1951
Exterior Materials
Stucco
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Stucco
Location
City
Bridgeport
County
Douglas
Coordinates
48.01334, -119.68122
Additional Information
Tax Year
2026
Annual Taxes
$1,850
Possession
Array
Based on information submitted to the MLS GRID as of May 4, 2026 9:00 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.
