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Pending feasibility
  • Listed by: CB Cascade RE - Wenatchee • Paul Harrison
    Price cut: $50K (5/21)
    $475,000

    616 Columbia Avenue, Bridgeport, WA 98813

    7beds
    7baths
    4,228sqft
    : 
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    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
    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.
    139 days
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    235
    |
    9
    |

    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: 10/6/2025
      • Cumulative days on market: 281 days
      • Listing terms: Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,535/mo

        Price history

        DateEventPrice
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 98813

        Getting around

        31 / 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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