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.
Sold
$1,050,000
263 20th Ave, Longview, WA 98632
12beds
4,600sqft
Multi Family
Built in 2023
-- sqft lot
$-- Zestimate®
$228/sqft
$2,322 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,322/mo
Zestimate® history
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$6,303/mo
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Zillow last checked:
Listing updated:
Listed by:
April Treacy 360-213-9444,
Keller Williams Realty
Bought with:
Dacia Alexander, 22001635
eXp Realty LLC
Source: RMLS (OR),MLS#: 24585293
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: 04204
- 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: $228/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: 7000
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Listing removed | $1,075,000$234/sqft |
Source: eXp Realty #764521148 Report a problem | ||
| 12/22/2025 | Listed for sale | $1,075,000+2.4%$234/sqft |
Source: eXp Realty #764521148 Report a problem | ||
| 5/23/2025 | Sold | $1,050,000$228/sqft |
Source:  RMLS (OR) #24585293 Report a problem | ||
| 1/22/2025 | Pending sale | $1,050,000$228/sqft |
Source: RMLS (OR) #24585293 Report a problem | ||
| 10/16/2024 | Listed for sale | $1,050,000+556.3%$228/sqft |
Source: RMLS (OR) #24585293 Report a problem | ||
| 8/19/2019 | Sold | $160,000-5.3%$35/sqft |
Source: NWMLS as distributed by MLS GRID #1199149 Report a problem | ||
| 6/25/2019 | Pending sale | $169,000$37/sqft |
Source: Coldwell Banker Bain #1199149 Report a problem | ||
| 6/11/2019 | Price change | $169,000-32.4%$37/sqft |
Source: Coldwell Banker Bain #1199149 Report a problem | ||
| 6/11/2018 | Listed for sale | $250,000$54/sqft |
Source: Coldwell Banker Bain #1199149 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 +78.5% | $21,500 +82% |
| 2019 | $138 | $11,815 -50% |
| 2018 | -- | $23,630 +5% |
| 2017 | $303 +3% | $22,500 |
| 2016 | $294 +2.5% | $22,500 |
| 2015 | $287 -7.8% | $22,500 |
| 2013 | $311 | $22,500 +60.7% |
| 2005 | -- | $14,000 |
Find assessor info on the county website
Neighborhood: Highlands
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- $1,6003 bd2 ba1.1k sqft269 20th Ave #B, Longview, WA 98632For Rent
Nearby schools
GreatSchools rating
- 5/10Kessler Elementary SchoolGrades: K-5Distance: 0.9 mi
- 7/10Monticello Middle SchoolGrades: 6-8Distance: 1.2 mi
- 4/10R A Long High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Kessler
- Middle: Monticello
- High: Ra Long
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Washington
- Cowlitz County
- Longview
- 98632
- Highlands
- 263 20th Ave
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