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Multifamily

5-Plex Longview

369 Oregon Way, Longview, WA 98632

Listing Price: $575,000

Cap Rate
4.38%
Number of Units
5
Occupancy
100.0%
Price/Unit
$115,000
Price/Gross SF
$115.00
Gross SF
5,000

Investment Overview

This 5-Plex is a complex located in Longview, Washington. All five units are two-bedroom/two-bathroom townhouses of approximately 1,000 square feet. All units have access to off-street parking and a small back patio. The asset is situated walking distance to Downtown and Lower Columbia College. Easy access to Public Transportation. Longview, Washington is the largest city in Cowlitz County with a population of roughly 38,000 . It is located at the confluence of the Cowlitz and Columbia Rivers, 49 miles north of Portland, Oregon . It's home to Lower Columbia College, championship golf courses, and beautiful Lake Sacajawea. Longview benefits from the greater Portland area's very low vacancy rates, while enjoying lower utility rates and no state income tax. Forbes Magazine called Longview the "Prettiest Town in the USA". The subject property is well-located in the city of Longview, with coffee shops, dining establishments, and shopping within walking distance and public transportation. Additionally, the property is just a short walk or bike ride to many Parks, which is great for exercise and recreation. At the time of conception, Longview was the only planned city of its magnitude to have ever been conceived of and built entirely with private funds, which was the direct result of industrial expansionism.

Investment Highlights

  • Well Located, Walking Distance to Downtown and Lower Columbia College
  • Long-Term Tenants
  • Metal Roof, Long Lasting, One Roof

Exclusively Listed By

Broker of Record

  • Joel Deis

    Vice President / Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Listing Price: $575,000

Cap Rate
4.38%
Number of Units
5
Occupancy
100.0%
Price/Unit
$115,000
Price/Gross SF
$115.00
Gross SF
5,000

Investment Highlights

  • Well Located, Walking Distance to Downtown and Lower Columbia College
  • Long-Term Tenants
  • Metal Roof, Long Lasting, One Roof

Investment Overview

This 5-Plex is a complex located in Longview, Washington. All five units are two-bedroom/two-bathroom townhouses of approximately 1,000 square feet. All units have access to off-street parking and a small back patio. The asset is situated walking distance to Downtown and Lower Columbia College. Easy access to Public Transportation. Longview, Washington is the largest city in Cowlitz County with a population of roughly 38,000 . It is located at the confluence of the Cowlitz and Columbia Rivers, 49 miles north of Portland, Oregon . It's home to Lower Columbia College, championship golf courses, and beautiful Lake Sacajawea. Longview benefits from the greater Portland area's very low vacancy rates, while enjoying lower utility rates and no state income tax. Forbes Magazine called Longview the "Prettiest Town in the USA". The subject property is well-located in the city of Longview, with coffee shops, dining establishments, and shopping within walking distance and public transportation. Additionally, the property is just a short walk or bike ride to many Parks, which is great for exercise and recreation. At the time of conception, Longview was the only planned city of its magnitude to have ever been conceived of and built entirely with private funds, which was the direct result of industrial expansionism.

Exclusively Listed By

Broker of Record

  • Joel Deis

    Vice President / Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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