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Sold on 01/21/2025
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285 22nd Ave, Longview, WA 98632

$1,100,000

Last sold 01/21/2025 after 97 Days

  • —

    bed

  • —

    bath

  • 18,400

    Sqft ($60/Sqft)

Multi-family not for sale
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About 285 22nd Ave

Property type Multi-family
Neighborhood
Year built 2023
HOA fee $0/month
Rental estimate
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.
Listed by
Listing Agent - April Treacy
Listing Agent Contact: Teamtreacy@gmail.com
Listing Office - Keller Williams Realty
Source: RMLS mls logo
MLS#24254219 • last updated 1 year ago
Movoto checked RMLS for data 3 minutes ago
Overview
Cooling/AC None
Heating Wall Heater
MLS # 24254219
Type Multi Family
Status Sold
Property Tax 26925
Year Built 2023
Exterior
Roof Composition
# Parking Spaces 16
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 4246
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 2: Total Baths 2
Unit Type 1: Rent 1750
Unit Type 3: Rent 1950
Unit Type 2: Rent 1850
Total # of Units 16
Gross Rent Multiplier 11.55
Net Operating Income 272317
Operating Expense 89558
Gross Income 363528
Cap Rate 6.48
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Aug 2025
    mls logo MLS # 248318705
  • Aug 8, 2025 Listed
    $1,075,000 (+2.4%)
  • Mar 2025
    mls logo MLS # 24254219
  • Mar 14, 2025 Sold
    $1,050,000 (-4.5%)
  • Jan 21, 2025 Pending
    —
  • Oct 16, 2024 Listed
    $4,200,000
  • Mar 2025
    Public Records
  • Mar 13, 2025 Sold
    $1,099,995 (-73.8%)
  • Oct 2024
    mls logo MLS # 2301606
  • Oct 14, 2024 Listed
    $4,200,000
  • Feb 2024
    mls logo MLS # 2190899
  • Feb 5, 2024 Price Change
    $4,200,000 (-4.5%)
  • Jan 14, 2024 Listed
    $4,400,000 (+14093.5%)
  • May 2019
    Public Records
  • May 13, 2019 Sold
    $31,000
  • Year Property taxes Tax assessment
  • 2024
    $198 -2.5%
    $821,070 +3718.93%
  • 2023
    $203 -8.6%
    $21,500
  • 2022
    $223 -9.5%
    $21,500
  • 2021
    $246 +34.7%
    $21,500 +30.0%
  • 2020
    $183 -14.8%
    $16,538 +5.0%
  • 2018
    $215 +11.6%
    $15,750 +5.0%
  • 2016
    $192 -7.2%
    $15,000
  • 2014
    $207
    —
  • 285 22nd Ave
    $1.1M
  • Highlands
    $315K -2% y/y
  • 98632
    $399K 0% y/y
  • Longview
    $399K 0% y/y
No chart available
Statistics calculated by Movoto

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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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