1023 16th Avenue Longview, WA $ 725,000
1023 16th Avenue
$ 725,000
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1023 16th Avenue

Longview, WA, 98632
$ 725,000
Baths0.0 Sq 4,000

Monthly Estimate*

$ 4,523

Listed by Woodford Commercial RE
1023 16th Avenue, Longview, WA 98632 - Image 1
1023 16th Avenue, Longview, WA 98632 - Image 2
1023 16th Avenue, Longview, WA 98632 - Image 3
1023 16th Avenue, Longview, WA 98632 - Image 4
1023 16th Avenue, Longview, WA 98632 - Image 5
1023 16th Avenue, Longview, WA 98632 - Image 6
1023 16th Avenue, Longview, WA 98632 - Image 7
1023 16th Avenue, Longview, WA 98632 - Image 8
1023 16th Avenue, Longview, WA 98632 - Image 9
1023 16th Avenue, Longview, WA 98632 - Image 10
Studio

Multi-Family Home for sale in Longview, WA

for $725,000. This 4,000 square foot home was built in 1966 on a lot size of 0.1377.

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.

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Multi-Family Active

Price

$ 725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,247

Style

5-9 Units

Lot Size

0.1377

Year Built

1966

Town/City

Longview

County/Region

Cowlitz

MLS | Web ID

2441946

Features
General
Living Area 0
Sewer Sewer Connected
Heating Other See Remarks
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Year Built 1966
Property Subtype Multi Family
Tax Year 2025
County Cowlitz
Net Operating Income 41525
Insurance Expense 3470
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Longview
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions I-5 North Exit WA-432 onto Tennnant Way Right on 7th Left on Florida Left on 16th Ave Destination will be on the right.
High School Buyer To Verify
City Longview
Senior Community Y/N N
High School District Longview
Zoning Description Multi-Family
Open Parking Spaces 1
Number Of Units Total 5
MLS Area 404 - Westside
Lot Size Units Square Feet
Lot Size Square Feet 6000
Carport Spaces 5
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 5247
Electric Expense 575
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Average
Public Remarks 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
Leasable Area 4000
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry Storage
Water Company City of Longview
Units Below Grade false
Units In Building Total 5
Water Sewer Garbage 5763
Property Style 55 - 5-9 Units
Cap Rate 5.7
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Exterior
Exterior Amenities Brick Wood Products
Lot Features Alley Curbs Paved Sidewalk
Water Source Public
Total Parking 6
Building Area Total 4000
Lot Size Acres 0.1377
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 1
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Interior
Flooring Laminate Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2441946
Street Number 1 1023
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* Excluded Features
List By
Chris Roewe

Listing Agent

Woodford Commercial Re

Broker

Affordability Calculator

$4,960
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,523
Monthly Property Taxes
$437
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100234 Elementary School
3100731 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
10/6/2025$725,000 Listed Price

Map


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1023 16th Avenue, Longview, WA, 98632 is a Multi-Family Home for sale at $725,000 with 4,000 sqft and a lot size of 0.1377. 1023 16th Avenue is a studio with 0.0 baths and was built in 1966. The property's zip code is 98632 which is in Longview, WA