About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

1023 16th Ave, Longview, WA 98632

$695,000

Last sold 06/17/2026 after 254 Days

—
bed
—
bath
4,000
Sqft ($174/Sqft)

House not for sale

About 1023 16th Ave

Property type House

Neighborhood

Year built 1966

HOA fee $0/month

Lot size 6,000 Sqft

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.

Listed by

Listing Agent - Chris Roewe

Listing Office - Woodford Commercial RE

Source: NWMLS

MLS#2441946 • last updated 4 months ago

Movoto checked NWMLS for data 15 minutes ago

Overview
Cooling/AC	None
Heating	See Remarks
Levels/Style	Multi Family
MLS #	2441946
SubType	Multi Family
Type	Residential Income
SqFt	4000
Status	Sold
Lot Size (SqFt)	6000
Lot Size (Acres)	0.1377
Property Tax	5247
Buying Office	Woodford Commercial RE
Year Built	1966
Buying Office Phone	360-501-5500
Condition	Average

Interior

Exterior
Roof	Composition
# Open Parking Spaces	1
# Carport Spaces	5
# Uncovered Spaces	1

Amenities / Utilities
Sewer/ Septic	Sewer Connected, City Of Longview
Water	Public
Water Company	City Of Longview
Power Company	Cowlitz PUD
Power Production: Type	Electric
HOA Amenities	Coin Op Laundry, Storage

Location
County	Cowlitz
Subdivision	Longview
Area	404 - Westside
Elementary School	Buyer To Verify
Middle School	Buyer To Verify
High School District	Longview
High School	Buyer To Verify
APN	1067
Zoning	Multi-Family

Multifamily Details
Net Operating Income	41525
Capitalization Rate	5.7
Expense: Insurance	3470
Expense: Electricity	575
Gross Scheduled Income	67200
Expense: Other	9340
Gross Adjusted Income	65920
Total Expenses	24395
Gross Rent Multiplier	10.7
Nwm_Totalmonthlyincome	5680
Vacancy Rate	3

Lower your payment with the loan terms that fit you.

Jun 2026
MLS # 2441946
Jun 17, 2026 Sold
$695,000 (-4.1%)
May 27, 2026 Pending
—
Oct 6, 2025 Listed
$725,000 (+27.2%)
Dec 2020
Public Records
Dec 16, 2020 Sold
$569,900 (+101.4%)
Feb 2010
MLS # 29097706
Feb 9, 2010 Sold
$283,000 (-4.1%)
Jul 8, 2009 Listed
$295,000 (+5.7%)
Dec 2005
Public Records
Dec 12, 2005 Sold
$279,000
Dec 2005
MLS # 25155190
Dec 12, 2005 Sold
$279,000 (-2.1%)
Oct 14, 2005 Listed
$285,000

Year Property taxes Tax assessment
2025
$5,495 +4.7%

$646,500 +1.77%
2024
$5,247 +5.8%

$635,240 +13.5%
2023
$4,958 -0.2%

$559,700 +11.97%
2022
$4,966 +24.4%

$499,850
2021
$3,991 +19.8%

$499,850 +57.78%
2020
$3,331

$316,800

1023 16th Ave
$695K
New West Side
$355K +1% y/y
98632
$403K 0% y/y
Longview
$403K 0% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1029 16th Ave, Longview, WA 98632	$266,000	2/1	784	0.01
1035 16th Ave, Longview, WA 98632	$272,000	2/1	824	0.02
1041 16th Ave, Longview, WA 98632	$295,000	3/1	984	0.03
1047 16th Ave, Longview, WA 98632	$285,000	3/1	912	0.04
1040 17th Ave, Longview, WA 98632	$230,000	2/1	736	0.04
1040 16th Ave, Longview, WA 98632	$434,000	3/2	1,536	0.05
1052 17th Ave, Longview, WA 98632	$251,000	2/1	806	0.06
963 16th Ave, Longview, WA 98632	$277,000	3/1	846	0.06

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.