1023 16th AVE, Longview, WA 98632
Listed by:Woodford Commercial RE • Chris Roewe
Bought with: Woodford Commercial RE

$695,000

$725,000

4.1%
Est.Price: ?

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Est. payment /mo

10 Beds

5 Baths

4,000 SqFt


SOLD DATE : 06/17/2026

Key Details

Sold Price $695,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $173

Subdivision Longview

MLS Listing ID 2441946

Sold Date 06/17/26

Style 55 - 5-9 Units

Bedrooms 10

Year Built 1966

Annual Tax Amount $5,247

Lot Size 6,000 Sqft

Property Sub-Type Multi Family

Property Description

Fantastic investment opportunity just blocks from Lake Sacajawea! This well-maintained five-plex offers 4,000 SF of total living space on a 6,000 SF lot, featuring 5 spacious 2-bed/1-bath units. Each unit offers comfortable layouts, with select units featuring fireplaces & in-unit laundry hookups. Additional features include a 5-car carport, exterior storage, & coin-operated laundry machines that transfer with sale. Property generates solid income & offers strong upside potential through increased occupancy, value-add improvements, & rent adjustments to current market rates. Offered at a 5.7% CAP rate & connected to Longview utilities. Occupied interior tours available upon mutual acceptance.

Location

State WA

County Cowlitz

Area 404 - Westside

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Wood Products

View Y/N No

Roof Type Composition

Building

Lot Description Alley, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Longview

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Northwest MLS (NWMLS)

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Name

Name

Phone*

Phone

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Jim Ecklund

+1(406) 315-1186

jim@ecklundproperties.com