Brand new roof on this Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a STRONG 12% Net Cap Rate and TREMENDOUS Gross Rent Multiplier of 6.35! New improvements include a brand new commercial-grade TPO roof, interior remodels to units, and new exterior paint. Low 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 versatile 416 square foot shop for storage or additional income. 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 Carry Terms will be accepted whatsoever.
Pending feasibility
Listed by: CB Cascade RE - Wenatchee • Paul Harrison
$475,000
616 Columbia Avenue, Bridgeport, WA 98813
7beds
7baths
4,228sqft
Multi Family
Built in 1951
-- sqft lot
$-- Zestimate®
$112/sqft
$-- HOA
What's special
Large backyardShared laundry roomNew exterior paintBrand new tpo roofInterior remodels to units
- 185 days
- 38
- 1
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#: 2484253
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: 11/4/2025
- Cumulative days on market: 298 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,535/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Pending sale | $475,000$112/sqft |
Source: | ||
| 5/21/2026 | Price change | $475,000-9.5%$112/sqft |
Source: | ||
| 4/10/2026 | Price change | $525,000-8.7%$124/sqft |
Source: | ||
| 2/25/2026 | Listed for sale | $574,900$136/sqft |
Source: | ||
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.Climate risks
Neighborhood: 98813
Nearby schools
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.







