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Sold on 12/15/2014

1503 20th Ave, Longview, WA 98632

  • $1,037,000

    Last sold 12/15/2014 for $1.15M

  • —

    bed

  • —

    bath

  • 18,289

    Sqft ($63/Sqft)

House not for sale
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About 1503 20th Ave

Property type House
Neighborhood
Year built 1926
HOA fee $0/month
Lot size 0.41 Acre
Movoto estimate
Property description
The Blackstone Apartments offer an investor the opportunity to own one of the nicer apartment complexes in a stable and well located area within Longview. The Blackstone offers a 7.05 Cap rate or return rate, with a cash on cash rate of 9%, & an IRR with tax benefits of almost 33% return. The Blackstone consists of (7) studio apartments, (15) 1-bed 1-bath apartments, (5) 2-bed 1-bath apartments, and (10) garage units. Call today for a back up package for this property.
Listed by
Listing Agent - Chris Roewe
Listing Office - Woodford CRE
Source: NWMLS mls logo
MLS#682575 • last updated 1 year ago
Movoto checked NWMLS for data 20 minutes ago
Overview
Levels/Style Multi Family
MLS # 682575
SubType Multi-Family
Type Residential Income
SqFt 18289
Status Sold
Lot Size (SqFt) 18000
Lot Size (Acres) 0.4132
Property Tax 16137
Buying Office Coldwell Banker Bain
Year Built 1926
Buying Office Phone 360-425-3020
Condition Fair
Interior
Exterior
Roof Torch Down
# Open Parking Spaces 20
# Covered Spaces 10
# Parking Spaces 10
# Uncovered Spaces 20
Exterior Features Brick
Amenities / Utilities
Sewer/ Septic Sewer Connected
Water Public
Power Production: Type Electric
HOA Amenities Coin Op Laundry, Elevator, Storage
Location
County Cowlitz
Subdivision Old West Side
Area 404 - Westside
High School District Longview
APN 0-0040
Zoning Multi-Family
Multifamily Details
Net Operating Income 87743
Capitalization Rate 7.05
Expense: Insurance 4050
Expense: Electricity 2458
Gross Scheduled Income 155460
Expense: Other 28510
Gross Adjusted Income 155693
Total Expenses 65549
Gross Rent Multiplier 7
Nwm_Totalmonthlyincome 13515
Vacancy Rate 4
$1.03M
Range: $404K-$1.66M
Last 30 days 
Powered By Movoto
  • Sep 2014
    mls logo MLS # 682575
  • Sep 8, 2014 Pending
    —
  • Aug 13, 2014 Listed
    $1,150,000
  • 1503 20th Ave
    $1.15M
  • Old West Side
    $499K -5% y/y
  • 98632
    $399K 0% y/y
  • Longview
    $399K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
Northlake Elementary School
public Grades K-5
Longview School District
7/10
Monticello Middle School
public Grades 6-8
Longview School District
5/10
R A Long High School
public Grades 9-12
Longview School District
Source: GreatSchools.org © 2026. All rights reserved.

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