303 E Broadway Avenue Montesano, WA $ 3,520,000
303 E Broadway Avenue
$ 3,520,000
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303 E Broadway Avenue

Montesano, WA, 98563
$ 3,520,000
Baths0.0 Sq 11,300

Monthly Estimate*

$ 21,673

Listed by Riley Jackson Real Estate Inc.
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Studio

Multi-Family Home for sale in Montesano, WA

for $3,520,000. This 11,300 square foot home was built in 2022 on a lot size of 0.5223.

Premium 10-unit town home style multifamily investment built new from the ground up in 2022. Modern construction provides long-term durability, low deferred maintenance, and tenant-attractive features designed to support stable occupancy. Centrally located in Montesano, the county seat of Grays Harbor County, with close proximity to government, medical, and employment centers. Current rental structure presents an opportunity for future income growth through market alignment over time. Well-suited for investors seeking newer construction, operational efficiency, and long-term performance, including 1031 exchange buyers.

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Multi-Family Active

Price

$ 3,520,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 22,222

Style

10+ Units

Lot Size

0.5223

Year Built

2022

Town/City

Montesano

County/Region

Grays Harbor

MLS | Web ID

2466648

Features
General
Living Area 0
Sewer STEP Sewer
Heating Ductless Wall Unit(s)
Cooling Ductless
Possession Negotiable Subject to Tenant Rights
Roof Composition
HOA Fee 0
Year Built 2022
Property Subtype Multi Family
Tax Year 2025
County Grays Harbor
Net Operating Income 203633
Insurance Expense 9108
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Montesano
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions Address is GPS friendly. HWY 12 and take the Montesano exit and turn right on S Main Street then right on Pioneer then left on S Sylvia St. to property on Right.
City Montesano
Senior Community Y/N N
High School District Montesano
Zoning Description Multi-Family Residential
Open Parking Spaces 0
Number Of Units Total 10
MLS Area 203 - Montesano
Lot Size Units Square Feet
Lot Size Square Feet 22753
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 22222
Electric Expense 785
Fuel Expense 0
Property Condition Very Good
Public Remarks Premium 10-unit town home style multifamily investment built new from the ground up in 2022. Modern construction provides long-term durability low deferred maintenance and tenant-attractive features
Leasable Area 11300
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Thermal Windows
Water Company City of Montesano
Units Below Grade false
Units In Building Total 10
Water Sewer Garbage 17061
Property Style 56 - 10+ Units
Cap Rate 5.79
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Exterior
Exterior Amenities Cement Planked Wood Wood Products
Lot Features Curbs Paved Sidewalk
Water Source Public
Total Parking 5
Foundation Details Poured Concrete
Building Area Total 11300
Lot Size Acres 0.5223
Waterfront Y/N N
Covered Spaces 5
Irrigation Water Rights Y/N N
Site Features Cable TV High Speed Internet
Parking Uncovered Spaces 0
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
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 NWM2466648
Street Number 1 303
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* Excluded Features
List By
Paul Strawn

Listing Agent

Riley Jackson Real Estate Inc.

Broker

Affordability Calculator

$23,525
Per Month
92%
8%
0%
Monthly Principal & Interest
$21,673
Monthly Property Taxes
$1,852
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
257189 Elementary School
258556 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/9/2026$3,520,000 Listed Price

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303 E Broadway Avenue, Montesano, WA, 98563 is a Multi-Family Home for sale at $3,520,000 with 11,300 sqft and a lot size of 0.5223. 303 E Broadway Avenue is a studio with 0.0 baths and was built in 2022. The property's zip code is 98563 which is in Montesano, WA