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Listing courtesy of NWMLS / CENTURY 21 Real Estate Center

259 20th Avenue

Longview, WA 98632

– beds
– baths
4,600 sqft
4,800 sqft lot
$228 per sqft
2023 build

Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 4 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.0% Cap Rate on Year 1 stabilized, 11.67 GRM. 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.

Listing courtesy of NWMLS / CENTURY 21 Real Estate Center

Last checked: Checking… • Last updated Nov 14, 2024 •

MLS# 2301931 —

The Building

Year Built:

2023
New Construction:

true
New Construction:

Completed
Estimated Completion Date:

2023-10-01
Structure Type:

Quadruplex
Exterior Features:

Wood Products
Roof:

Composition
Units In Building Total:

4
Foundation Details:

Poured Concrete
# of Units Total:

4
Stories Total:

2
Building Area Total:

4600
Building Area Units:

Square Feet
Calculated SqFt:

4600
SqFt Source:

Builder

Interior

Interior Features:

Ceramic Tile, Wall to Wall Carpet
Flooring:

Ceramic Tile, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing

Location

Latitude:

46.121314
Longitude:

-122.955506
Directions:

Directions on Google maps & Apple maps are okay. From Seattle/Tacoma follow I-5 south to exit 36 WA-432 in Kelso and follow thru Tennant Way and turn left into 22nd Ave.

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Property Condition:

Very Good
Parcel Number:

0-42040100
Lot Features:

Adjacent to Public Land, Alley, Dead End Street, Open Space, Paved, Sidewalk
Lot Size Units:

Square Feet
Lot Size Acres:

0.1102
Lot Size SqFt:

4800
Lot Size Source:

County
Zoning Class:

Multi-Family,Residential
Zoning Jurisdiction:

City
View:

false
Waterfront:

false
Possible Use:

Multi-Family, Residential
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

199

Beds

Bedrooms Possible:

12

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Wall Unit(s)

Utilities

Water Source:

Public
Sewer:

Available, Sewer Connected
Water Sewer Garbage:

6000

Schools

Elementary School:

Kessler Elem
Middle Or Junior School:

Monticello Mid
High School:

R A Long High
High School District:

Longview

The Community

Subdivision Name:

Highlands
Amenities:

Fire Sprinklers
Senior Community:

false
Association:

false

Parking

Parking Total:

4
Parking Uncovered Spaces:

4
Open Parking:

true
Open Parking Spaces:

4
Carport:

false

Listing courtesy of NWMLS / CENTURY 21 Real Estate Center

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Thu Nov 14 2024 09:52 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price
10/15/24 Oct 15, 2024	Listed / Active	NWMLS	$1,050,000
10/25/23 Oct 25, 2023	Price Changed	NWMLS
9/28/23 Sep 28, 2023	Price Changed	NWMLS

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This multifamily located in Highlands, Longview, WA 98632 is currently for sale for $1,050,000. 259 20th Avenue is a 4,600 square foot multifamily with – beds and – baths. 259 20th Avenue is in the Highlands neighborhood of Longview and has a WalkScore® of 53, making it somewhat walkable. This multifamily is in the attendance area of Robert A. Long High School, Monticello Middle School, and Kessler Elementary School.

Listing courtesy of NWMLS / CENTURY 21 Real Estate Center

Disclaimer: The information contained in this listing has not been verified by CENTURY 21 Real Estate Center and should be verified by the buyer.