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3205 Pacific Way Longview, WA $ 999,900
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3205 Pacific Way
$ 999,900
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3205 Pacific Way

Longview, WA, 98632
$ 999,900
Baths0.0 Sq 4,208

Monthly Estimate*

$ 6,157

Listed by Cascade Hasson Sotheby's Int'l
3205 Pacific Way, Longview, WA 98632 - Image 1
3205 Pacific Way, Longview, WA 98632 - Image 2
3205 Pacific Way, Longview, WA 98632 - Image 3
3205 Pacific Way, Longview, WA 98632 - Image 4
3205 Pacific Way, Longview, WA 98632 - Image 5
Studio

Multi-Family Home for sale in Longview, WA

for $999,900. This 4,208 square foot home was built in 1999 on a lot size of 0.68.

Twin NNN Leased Care Homes at 7.44% CAP rate! 3205 & 3215 Pacific Way, Longview, WA. Rare package offering two identical, purpose-built 6-bedroom adult family homes, each independently licensed and operated since construction by separate businesses. Both on NNN leases at $3,100/month each ($74,400 combined annual NOI) — approx. 7.44% cap rate. Each lease has 4 years remaining plus a 5-year renewal option, offering up to 9 years of contracted income visibility. Tenants cover taxes, insurance, and maintenance, leaving ownership largely passive. Two separate operators reduce tenant-concentration risk versus a single-tenant net lease. Purpose-built construction means no costly retrofitting for licensing or accessibility. Both homes sit on a large third of an acre. Both homes were designed from the ground up for residential care use. New roofs on both buildings (2019) minimize near-term capital needs. Located in Longview, WA, along the I-5 corridor between Portland and Seattle, serving a stable regional demand base for licensed residential care. Sold as a package only. Ideal for 1031 exchange buyers or passive investors seeking yield in net-leased healthcare real estate without operational risk. Owner/Agent

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Multi-Family Active

Price

$ 999,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,300

Style

Duplex

Lot Size

0.68

Year Built

1999

Town/City

Longview

County/Region

Cowlitz

MLS | Web ID

2541624
Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling Forced Air
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1999
Property Subtype Multi Family
Tax Year 2026
County Cowlitz
Net Operating Income 74400
Insurance Expense 1500
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Pacific Way
Possible Use Residential
Special Listing Conditions None
Status Active
Directions Pacific Way
City Longview
Senior Community Y/N N
High School District Longview
Zoning Description Residential
Number Of Units Total 2
MLS Area 409 - Pacific Way
Lot Size Units Square Feet
Lot Size Square Feet 29620
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional See Remarks
Tax Annual Amount 3300
Electric Expense 0
Fuel Expense 0
Property Condition Average
Public Remarks Twin NNN Leased Care Homes at 7.44% CAP rate! 3205 & 3215 Pacific Way Longview WA. Rare package offering two identical purpose-built 6-bedroom adult family homes each independently licensed and opera
Leasable Area 4208
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 7.44
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Exterior
Exterior Amenities Cement/Concrete
Total Parking 8
Foundation Details Block
Building Area Total 4208
Lot Size Acres 0.68
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 8
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Interior
Flooring Laminate
Total Fireplaces 0
Total Stories 1
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 NWM2541624
Street Number 1 3205
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* Excluded Features
List By
Travis Newton

Listing Agent

Cascade Hasson Sotheby's Int'l

Broker

Affordability Calculator

$6,432
Per Month
96%
4%
0%
Monthly Principal & Interest
$6,157
Monthly Property Taxes
$275
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
257192 Elementary School
258489 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/17/2026$999,900 Listed Price

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3205 Pacific Way, Longview, WA, 98632 is a Multi-Family Home for sale at $999,900 with 4,208 sqft and a lot size of 0.68. 3205 Pacific Way is a studio with 0.0 baths and was built in 1999. The property's zip code is 98632 which is in Longview, WA

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