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Sold on 01/21/2025
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263 20th Ave, Longview, WA 98632

$1,050,000

Last sold 01/21/2025 after 97 Days

  • —

    bed

  • —

    bath

  • 4,600

    Sqft ($228/Sqft)

Multi-family not for sale
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About 263 20th Ave

Property type Multi-family
Neighborhood
Year built 2023
HOA fee $0/month
Property description
Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 4 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.0% Cap Rate on Year 1 stabilized, 11.67 GRM. 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.
Listed by
Listing Agent - April Treacy
Listing Agent Contact: Teamtreacy@gmail.com
Listing Office - Keller Williams Realty
Source: RMLS mls logo
MLS#24585293 • last updated 1 year ago
Movoto checked RMLS for data 7 minutes ago
Overview
Cooling/AC None
Heating Wall Heater
MLS # 24585293
Type Multi Family
Status Sold
Property Tax 6731
Year Built 2023
Exterior
Roof Composition
# Parking Spaces 4
Exterior Features Wood Composite
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Cowlitz
Area 82 - Cowlitz County Not In Woodland City Limits Or Scho
Elementary School Kessler
Middle School Monticello
High School RA Long
Zoning 4 Plex
Directions From Seattle/Tacoma, I-5 S To Exit 36 WA-432 In Kelso And Follow Thru Tennant Way And Turn L On 22nd
APN 4204
Multifamily Details
Unit Type 3: Total Baths 2
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 3
Unit Type 3: # Bedrooms 3
Unit Type 4: Total Baths 2
Unit Type 2: Total Baths 2
Unit Type 4: # Bedrooms 3
Unit Type 1: Rent 1750
Unit Type 4: Rent 1750
Unit Type 3: Rent 1750
Unit Type 2: Rent 1750
Total # of Units 4
Gross Rent Multiplier 11.67
Net Operating Income 67584
Operating Expense 22389
Gross Income 89973
Cap Rate 6.44
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Aug 2025
    mls logo MLS # 764521148
  • Aug 8, 2025 Listed
    $1,075,000 (+2.4%)
  • May 2025
    mls logo MLS # 24585293
  • May 28, 2025 Sold
    $1,050,000
  • Jan 21, 2025 Pending
    —
  • Oct 16, 2024 Listed
    $1,050,000
  • May 2025
    Public Records
  • May 23, 2025 Sold
    $1,049,995
  • Oct 2024
    mls logo MLS # 2301932
  • Oct 15, 2024 Listed
    $1,050,000 (+5.0%)
  • Oct 2023
    mls logo MLS # 23516589
  • Oct 25, 2023 Price Change
    $1,000,000 (+2.6%)
  • Sep 28, 2023 Price Change
    $975,000 (-4.9%)
  • Sep 4, 2023 Price Change
    $1,025,000 (-2.4%)
  • Jun 21, 2023 Price Change
    $1,050,000 (-4.5%)
  • Apr 21, 2023 Listed
    $1,100,000
  • Apr 2023
    mls logo MLS # 2058518
  • Apr 21, 2023 Listed
    $1,100,000 (+587.5%)
  • Aug 2019
    Public Records
  • Aug 19, 2019 Sold
    $160,000
  • Year Property taxes Tax assessment
  • 2025
    $7,098 +3477.1%
    $929,050 +13.15%
  • 2024
    $198 -2.5%
    $821,070 +3718.93%
  • 2023
    $203 -8.6%
    $21,500
  • 2022
    $223 -9.5%
    $21,500
  • 2021
    $246 +78.5%
    $21,500 +81.97%
  • 2020
    $138 -54.4%
    $11,815 -47.49%
  • 2018
    $303 +5.6%
    $22,500
  • 2016
    $287 -7.8%
    $22,500
  • 2015
    $311
    —
  • 263 20th Ave
    $1.05M
  • Highlands
    $279K -13% y/y
  • 98632
    $403K 0% y/y
  • Longview
    $400K 0% y/y
No chart available
Statistics calculated by Movoto

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3/10
Kessler 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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