Gina Nehring
Realty Pro West LLC
(360) 803-4746
145 Total Sales
4 in Highlands
$235K - $347K Price Range
257 20th Ave Longview, WA 98632
Highlands Neighborhood
12
Beds
8
Baths
4,600
Sq Ft
2023
Built
About This Home
As of March 2025Incredible 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.
Last Agent to Sell the Property
Manor Realty Group, LLC Brokerage Email: teamtreacy@gmail.com License #10473 Listed on: 10/16/2024
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,731
Year Built
- Built in 2023
Home Design
- Composition Roof
- Concrete Perimeter Foundation
- Wood Composite
Interior Spaces
- 4,600 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Parking
- 4 Parking Spaces
- Paved Parking
Schools
- Kessler Elementary School
- Monticello Middle School
- Ra Long High School
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 04205
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $22,389
- Gross Income $89,973
- Net Operating Income $67,584
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Highlands, WA
-
Gina Nehring
-
Jolie Hooper Torres
Jolie Hooper Torres
John L. Scott Real Estate
(360) 803-2060
102 Total Sales
4 in Highlands
$265K - $300K Price Range
-
Leah Higgins
Leah Higgins
Berkshire Hathaway HS NW
(360) 803-4801
153 Total Sales
2 in Highlands
$200,000 Price Range
-
Rich Burns
Rich Burns
RE/MAX Equity Group
(360) 803-4382
68 Total Sales
1 in Highlands
$329,900 Price
-
Kelli Leese
Kelli Leese
John L. Scott Mukilteo
(360) 502-8977
75 Total Sales
1 in Highlands
$220,000 Price
-
Ryan Jarman
Ryan Jarman
HOMEVEST REALTY
(253) 683-7784
158 Total Sales
1 in Highlands
$223,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,100,000 | Stewart Title | ||
| Team Treacy Real Estate Inc | -- | Stewart Title | |
| Treacy Robert | $160,000 | Cowlitz County Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $297,213 | ||
| Previous Owner | Team Treacy Real Estate Inc | $1,594,500 | |
| Previous Owner | Treacy Robert J | $150,000 | |
| Previous Owner | Team Treacy Real Estate Inc | $2,247,000 | |
| Previous Owner | Treacy Robert | $400,000 | |
| Previous Owner | Treacy Robert | $100,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/13/2025 03/13/25 | Sold | $1,100,000 | +4.8% | $239 / Sq Ft |
| 01/21/2025 01/21/25 | Pending | -- | -- | -- |
| 10/16/2024 10/16/24 | For Sale | $1,050,000 | -- | $228 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $7,098 | $929,050 | $101,230 | $827,820 |
| 2024 | $7,098 | $821,070 | $101,230 | $719,840 |
| 2023 | $198 | $21,500 | $21,500 | $0 |
| 2022 | $223 | $21,500 | $21,500 | $0 |
| 2021 | $246 | $21,500 | $21,500 | $0 |
| 2020 | $183 | $21,500 | $21,500 | $0 |
| 2019 | $186 | $16,538 | $16,538 | $0 |
| 2018 | $215 | $16,540 | $16,540 | $0 |
| 2017 | $197 | $15,750 | $15,750 | $0 |
| 2016 | $192 | $15,000 | $15,000 | $0 |
| 2015 | $208 | $15,000 | $15,000 | $0 |
| 2013 | -- | $15,000 | $15,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
April Treacy
Seller's Agent in 2025
April Treacy
Manor Realty Group, LLC
(360) 213-9444
16 in this area
95 Total Sales
-
Dacia Alexander
DA
Buyer's Agent in 2025
Dacia Alexander
eXp Realty LLC
(888) 814-9613
4 in this area
26 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24629357
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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