285 22nd Ave, Longview, Wa 98632

WA, Longview
$4,200,000
  • MultiFamily Property Type
  • 2023 Year Built
  • Closed Status
Steven Meyer
Steven Meyer Realtyna
  • (302) 525 8222
  • Steven.m@realtyna.net
  • 200 Continental Drive, Suite 401, Newark, DE 19713 USA
Contact To Steven Meyer
Property 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.

Basic Details
  • Property Type: MultiFamily
  • Listing Type: For Sale
  • Listing ID: 24254219
  • Price: $4,200,000
  • Year Built: 2023
  • Roof: Composition
  • Office Name: Keller Williams Realty
  • Agent Name: April Treacy
  • Contact By: teamtreacy@gmail.com
  • Office Phone: 360-693-3336
  • Listing Status: Closed
Features
  • Heating System Wall Heater
  • Cooling System None
  • Parking Paved
  • Sewer Public Sewer
Address Map
  • Country US
  • State WA
  • County Cowlitz
  • City Longview
  • Zipcode 98632
  • Street: 22ND
  • Street Number: 285
  • Street Suffix: AVE
  • Longitude: W123° 2' 35.8''
  • Latitude: N46° 7' 22''
  • Zoning: 4 plex
  • Mls Area Major: _82
Neighborhood
  • Elementary School: Kessler
  • High School: RA Long
  • Middle School: Monticello
Additional Information
  • Water Source: Public Water
  • Building Size: 18400
  • Foundation Details: Concrete Perimeter
  • Number Of Units Total: 16
  • On Market Date: 2024-10-16
  • Rent Includes: None
  • Stories: 2
Listing Information
  • Listing Term: Cash, Conventional, FHA
  • Mls Status: Sold
  • Modification Timestamp: 2025-05-29T15:06:58Z
  • Originating System Name: RMLS
  • Status Change Timestamp: 2025-05-29T08:06:58Z
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Last updated on 02/18/2026 10:02

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