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

1160 16th Ave, Longview, WA 98632

$1,128,000
Last sold 04/11/2014 for $645K
—
bed
—
bath
12,262
Sqft ($53/Sqft)

House not for sale

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About 1160 16th Ave

Property type House

Neighborhood

Year built 1959

HOA fee $0/month

Lot size 0.41 Acre

Movoto estimate

Property description

Very good rental property. Close in and convenient 13 plex near Safeway, Hospital, Downtown, and on a bus line. Offers 11-2 bed units, 1-1 bed unit, and 1 studio unit. Some units with patios and balconies. Rents are just a little below market but units are full and building is nicely profitable, includes multiple long-term tenants. Extra income from well-utilized on-site coin operated laundry and rented garage space. Some plumbing updating has been completed. Well maintained property.

Listed by

Listing Agent - Mike Wallin

Listing Office - RE/MAX Premier Group

Source: NWMLS

MLS#573354 • last updated 1 year ago

Movoto checked NWMLS for data 35 minutes ago

Overview
Levels/Style	Multi Family
MLS #	573354
SubType	Multi-Family
Type	Residential Income
SqFt	12262
Status	Sold
Lot Size (SqFt)	17999
Lot Size (Acres)	0.4132
Property Tax	7132
Buying Office	ZNonMember-Office-MLS
Year Built	1959
Buying Office Phone	425-820-9200
Condition	Good

Interior
Interior Features	Wall To Wall Carpet

Exterior
Foundation	Poured Concrete
Roof	Torch Down
# Open Parking Spaces	1
# Covered Spaces	8
# Parking Spaces	9
# Uncovered Spaces	1
Exterior Features	Wood

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

Location
View	City
County	Cowlitz
Subdivision	New West Side
Area	404 - Westside
Elementary School	Kessler Elem
Middle School	Monticello Mid
High School District	Longview
High School	R A Long High
APN	9399
Zoning	Multi-Family, Residential

Multifamily Details
Net Operating Income	52491
Capitalization Rate	7.85
Expense: Insurance	2701
Expense: Electricity	2018
Gross Scheduled Income	87900
Expense: Other	11417
Gross Adjusted Income	79110
Total Expenses	26619
Gross Rent Multiplier	7
Nwm_Totalmonthlyincome	5162
Vacancy Rate	10

Lot/ Land Details
Site Features	Cable TV, Deck, Fenced-Partially, Patio

$1.12M

Range: $902K-$1.35M

Last 30 days

Rental est.: $1,613/month

• Gross rent multiplier: 33.3

Lower your payment with the loan terms that fit you.

Apr 2014
Public Records
Apr 11, 2014 Sold
$645,000
Apr 2014
MLS # 573354
Apr 11, 2014 Sold
$645,000 (-4.4%)
Dec 11, 2013 Listed
$675,000 (+8.9%)
Apr 2006
Public Records
Apr 14, 2006 Sold
$620,000

Year Property taxes Tax assessment
2024
$9,166 -1.0%

$1,064,020 +1.7%
2023
$9,256 +3.9%

$1,046,210 +16.53%
2022
$8,912 +3.8%

$897,820
2021
$8,589 +20.4%

$897,820 +32.09%
2020
$7,136

$679,678

1160 16th Ave
$645K
New West Side
$325K -18% y/y
98632
$409K 0% y/y
Longview
$409K 0% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
2056 Henderson Way, Longview, WA 98632	$364,000	3/2	980	0.1
2065 Henderson Way, Longview, WA 98632	$501,000	4/2	2,081	0.1
2067 Henderson Way, Longview, WA 98632	$367,000	3/2	980	0.1
2077 Quarter Ct, Longview, WA 98632	$395,000	3/2	980	0.1
2073 Quarter Ct, Longview, WA 98632	$426,000	3/2	1,209	0.1
2081 Quarter Ct, Longview, WA 98632	$426,000	3/2	1,209	0.1
2079 Quarter Ct, Longview, WA 98632	$485,000	4/2	1,815	0.1
2068 Henderson Way, Longview, WA 98632	$501,000	4/2	2,081	0.1

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