Sold

Est. $929,050

257 20th Ave, Longview, WA 98632

12beds

4,600sqft

Multi Family

Built in 2023

-- sqft lot

$-- Zestimate^®

$202/sqft

$-- HOA

Overview

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.

32 days

17

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 8
Full bathrooms: 4
Partial bathrooms: 4

Cooling

None

Appliances

Included: Dishwasher, Range, Refrigerator, Electric Water Heater

Interior area

Total structure area: 4,600
Total interior livable area: 4,600 sqft

Property

Parking

Total spaces: 4
Parking features: Paved

Features

Stories: 2

Lot

Features: SqFt 3000 to 4999

Details

Parcel number: 04205
Zoning: 4 Plex

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Composite
Foundation: Concrete Perimeter
Roof: Composition

Condition

Existing
Year built: 2023

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Longview

Financial & listing details

Price per square foot: $202/sqft
Tax assessed value: $929,050
Annual tax amount: $6,731
Date on market: 10/16/2024
Cumulative days on market: 97 days
Listing terms: Cash,Conventional,FHA
Total actual rent: 7300
Road surface type: Paved

Visit our professional directory to find a foreclosure specialist in your area that can help with your home search.

Find a foreclosure agent

Foreclosure details

Estimated market value

Not available

Estimated sales range

Not available

$2,248/mo

Price history

Date	Event	Price
5/1/2026	Listing removed	$1,075,000$234/sqft
Source: eXp Realty #504997021 Report a problem
12/22/2025	Listed for sale	$1,075,000-2.3%$234/sqft
Source: eXp Realty #504997021 Report a problem
3/13/2025	Sold	$1,100,000+4.8%$239/sqft
Source: RMLS (OR) #24629357 Report a problem
1/22/2025	Pending sale	$1,050,000$228/sqft
Source: RMLS (OR) #24629357 Report a problem
10/16/2024	Listed for sale	$1,050,000$228/sqft
Source: RMLS (OR) #24629357 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,844 +10.5%	$929,050 +13.2%
2024	$7,098 +3477.1%	$821,070 +3718.9%
2023	$198 -10.9%	$21,500
2022	$223	$21,500
2021	$223 -9.5%	$21,500
2020	$246 +34.7%	$21,500 +30%
2019	$183	$16,538 0%
2018	--	$16,540 +5%
2017	$215 +8.7%	$15,750 +5%
2016	$197 +2.7%	$15,000
2015	$192 -7.7%	$15,000
2013	$208	$15,000 +7.1%
2005	--	$14,000