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Multifamily

Oregon Way

421 Oregon Way, Longview, WA 98632

Listing Price: $2,497,000

Cap Rate
6.70%
Number of Units
50
Occupancy
95.0%
Price/Unit
$49,940
Price/Gross SF
$208.57
Gross SF
11,972

Investment Overview

Oregon Way is a multifamily-like property that presents an investor the opportunity to acquire a long-time stable asset in Longview, Washington. This property is a two-story building with one roof and comprised of 48 studio-style rooms. Oregon Way features a welldesigned, shared-living atmosphere with amenities including two large communal-style kitchens and two multi-stalled bathroom facilities. Residents at Oregon Way benefit from an opportunity to acquire affordable housing for one price that includes all utilities and complementary housekeeping. Additional amenities include a central coin operated laundry room, onsite management with office, common area lobby with open seating, a covered outdoor patio and daily housekeeping. 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. The property is located in Longview, Washington, a city with unique history. 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. The city was thoroughly planned down to every sidewalk and street name before construction even commenced. This concept allowed the city to grow inwards along organized lines with individual areas designated for business, industrial, and residential areas. Forbes Magazine named Longview the "Prettiest Town in the USA".

Investment Highlights

  • Well Located, Walking Distance to Downtown and Lower Columbia College
  • Long-Term Tenants
  • Onsite Complimentary Housekeeping with Shared Kitchens and Bathrooms
  • All Units Under One Roof
  • Recent Interior Refresh in Common Areas

Exclusively Listed By

Broker of Record

  • Joel Deis

    Vice President / Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Listing Price: $2,497,000

Cap Rate
6.70%
Number of Units
50
Occupancy
95.0%
Price/Unit
$49,940
Price/Gross SF
$208.57
Gross SF
11,972

Investment Highlights

  • Well Located, Walking Distance to Downtown and Lower Columbia College
  • Long-Term Tenants
  • Onsite Complimentary Housekeeping with Shared Kitchens and Bathrooms
  • All Units Under One Roof
  • Recent Interior Refresh in Common Areas

Investment Overview

Oregon Way is a multifamily-like property that presents an investor the opportunity to acquire a long-time stable asset in Longview, Washington. This property is a two-story building with one roof and comprised of 48 studio-style rooms. Oregon Way features a welldesigned, shared-living atmosphere with amenities including two large communal-style kitchens and two multi-stalled bathroom facilities. Residents at Oregon Way benefit from an opportunity to acquire affordable housing for one price that includes all utilities and complementary housekeeping. Additional amenities include a central coin operated laundry room, onsite management with office, common area lobby with open seating, a covered outdoor patio and daily housekeeping. 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. The property is located in Longview, Washington, a city with unique history. 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. The city was thoroughly planned down to every sidewalk and street name before construction even commenced. This concept allowed the city to grow inwards along organized lines with individual areas designated for business, industrial, and residential areas. Forbes Magazine named Longview the "Prettiest Town in the USA".

Exclusively Listed By

Broker of Record

  • Joel Deis

    Vice President / Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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