1023 16th Ave Longview, WA 98632
New West Side NeighborhoodEstimated payment $4,191/month
About This Home
Fantastic investment opportunity just blocks from Lake Sacajawea! This well-maintained five-plex offers 4,000 SF of total living space on a 6,000 SF lot, featuring 5 spacious 2-bed/1-bath units. Each unit offers comfortable layouts, with select units featuring fireplaces & in-unit laundry hookups. Additional features include a 5-car carport, exterior storage, & coin-operated laundry machines that transfer with sale. Property generates solid income & offers strong upside potential through increased occupancy, value-add improvements, & rent adjustments to current market rates. Offered at a 5.7% CAP rate & connected to Longview utilities. Occupied interior tours available upon mutual acceptance.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2441946
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,247
Year Built
- Built in 1966
Lot Details
- 6,000 Sq Ft Lot
- Property is in average condition
Home Design
- Brick Exterior Construction
- Composition Roof
- Wood Composite
Interior Spaces
- 4,000 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
Parking
- 6 Parking Spaces
- Open Parking
Community Details
- No Home Owners Association
- Longview Subdivision
Listing and Financial Details
- Assessor Parcel Number 01067
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,495 | $635,240 | $72,350 | $562,890 |
| 2023 | $5,247 | $608,440 | $72,350 | $536,090 |
| 2022 | $4,966 | $559,700 | $72,350 | $487,350 |
| 2021 | $3,991 | $499,850 | $72,350 | $427,500 |
| 2020 | $3,331 | $361,730 | $72,350 | $289,380 |
| 2019 | $2,585 | $316,800 | $48,000 | $268,800 |
| 2018 | $3,146 | $240,000 | $48,000 | $192,000 |
| 2017 | $2,578 | $240,000 | $48,000 | $192,000 |
| 2016 | $2,522 | $200,000 | $40,000 | $160,000 |
| 2015 | $2,736 | $200,000 | $40,000 | $160,000 |
| 2013 | -- | $200,000 | $40,000 | $160,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/06/2025 10/06/25 | For Sale | $725,000 | -- | $181 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2441946
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