285 22nd Avenue
 Longview, Washington 
 Listed By CENTURY 21 Real Estate Center 
 The Multi Family Home for Sale located at Longview, Washington is currently for sale.  Longview, Washington is listed for $4,200,000.  This property has 16 bathrooms, Sprinkler System, Parking features.  If the property located at Longview, Washington isn't what you're looking for, visit  https://www.century21global.com  to see other  Multi Family Homes for Sale in Longview  . 
 Date Updated : Jan 13, 2025
MLS#: 2301606
$4,200,000 USD
  •  Type 
    Multi Family Home
  •  Bathrooms 
     16 
  •  Home/Lot size 
     1,709m²   (18,400ft²) 
 The details 
 Property features 
 Key features 
  • Sprinkler System
  • Parking
 Construction details 
  •  Year built: 2023
  •  Building condition:  New Construction 
  •  Roofing:  composition/shingle 
 Other features 
  •  Property features:  Deck 
  •  Heating system:  Electric 
 Area 
  •  Property size:  1,709m²   (18,400ft²) 
  •  Land/Lot size:  1,781m²   (0.44ac) 
  •  Bathrooms:  16 
  •  Total rooms:  16 
 Description 
Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.5% Cap Rate on Year 1 stabilized, 11.5 GRM & 24% Expense Ratio. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Option for 1-3 more fourplex under devt, if larger portfolio is desired. Offering is for portfolio of 4 fourplexes but open to offers for individual 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave. All separate parcels.
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 Location 
 Longview, Washington 
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