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  • Listed by: CB Cascade RE - Wenatchee • Paul Harrison
    $475,000

    616 Columbia Avenue, Bridgeport, WA 98813

    7beds
    7baths
    4,228sqft
    : 
    $3,062/mo
    Get pre-qualified
    Multi Family
    Built in 1951
    -- sqft lot
    $-- Zestimate®
    $112/sqft
    $-- HOA

    What's special

    Large backyardShared laundry roomNew exterior paint
    Brand new roof on this Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this seven-unit apartment complex offers impressive returns with a strong 9.8% Net Cap Rate and Gross Rent Multiplier of 7! New improvements include a brand new commercial-grade TPO roof, interior remodels to three units, and new exterior paint. Lower operating costs and cheap utilities make this a high-efficiency investment. With the building totaling 4,228 square feet of one-level living, this property also features a shared laundry room and large backyard which includes a massive garden the tenants tend to. Located in a central area of Washington with stable rental demand. Ideal for investors seeking reliable cash flow and long-term upside. **Seller Financing Available** With reasonable financing terms from the Seller, you can acquire this great income-producing property AND keep the mortgage off your books, credit bureaus, debt to income ratios, etc. Leases and Financials available upon request. No Seller Equity Contract or Seller as Secondary Lein position Terms will be accepted whatsoever.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Paul Harrison,

    CB Cascade RE - Wenatchee,

    Christina Knapp,

    CB Cascade RE - Winthrop

    Source: NWMLS as distributed by MLS GRID,MLS#: 2484253MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 7
      Heating
      • Wall Furnace, Electric
      Cooling
      • Window Unit(s)
      Features
      • Flooring: Vinyl Plank
      • Has fireplace: No
      Interior area
      • Total structure area: 4,228
      • Total interior livable area: 4,228 sqft

      Property

      Parking
      • Total spaces: 12
      • Uncovered spaces: 12
      Lot
      • Size: 0.42 Acres
      Details
      • Parcel number: 00202701300
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: 5-9 Units
      • Property subtype: Multi Family
      Materials
      • Stucco
      • Foundation: Poured Concrete
      • Roof: See Remarks
      Condition
      • Updated/Remodeled
      • Year built: 1951
      • Major remodel year: 1951

      Utilities & green energy

      • Electric: Company: Douglas County PUD
      • Sewer: Sewer Connected, Company: City of Bridgeport
      • Water: Public, Company: City of Bridgeport

      Community & HOA

      Community
      • Subdivision: Bridgeport
      Location
      • Region: Bridgeport

      Financial & listing details

      • Price per square foot: $112/sqft
      • Annual tax amount: $1,850
      • Date on market: 2/25/2026
      • Listing terms: Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/1/2026Listed for sale$475,000$112/sqft
        Source: NWMLS as distributed by MLS GRID #2484253 Report a problem
        7/1/2026Pending sale$475,000$112/sqft
        Source: NWMLS as distributed by MLS GRID #2484253 Report a problem
        5/21/2026Price change$475,000-9.5%$112/sqft
        Source: NWMLS as distributed by MLS GRID #2484253 Report a problem
        4/10/2026Price change$525,000-8.7%$124/sqft
        Source: NWMLS as distributed by MLS GRID #2484253 Report a problem
        2/25/2026Listed for sale$574,900$136/sqft
        Source: NWMLS as distributed by MLS GRID #2484253 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 98813

        Getting around

        30 / 100
        Car-Dependent
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Bridgeport Elem
        • Middle: Bridgeport Mid
        • High: Bridgeport High

        Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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