Paul Klenk
Century 21 Van Dorm Realty
(360) 634-0922
182 Total Sales
1 in Highlands
$355,000 Price
259 20th Ave Longview, WA 98632
Highlands Neighborhood
12
Beds
8
Baths
4,600
Sq Ft
2023
Built
About This Home
As of May 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 042040100
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $22,389
- Gross Income $89,973
- Net Operating Income $67,584
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 16, 2024
Closed on
Apr 25, 2025
Sold by
Treacy Robert and Treacy April
Bought by
Seller's Agent
April Treacy
Manor Realty Group, LLC
Buyer's Agent
Dacia Alexander
eXp Realty LLC
List Price
$1,050,000
Sold Price
$1,050,000
Views
19
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.65%
Mortgage Type
Construction
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Highlands, WA
-
Paul Klenk
-
Diane Lokan
Diane Lokan
John L. Scott, Inc.
(360) 967-9620
97 Total Sales
2 in Highlands
$270,000 Price Range
-
Gina Nehring
Gina Nehring
Realty Pro West LLC
(360) 803-4746
147 Total Sales
4 in Highlands
$235K - $347K Price Range
-
Jolie Hooper Torres
Jolie Hooper Torres
John L. Scott Real Estate
(360) 803-2060
100 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
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 |
|---|---|---|---|
| $1,050,000 | Stewart 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 | $70,000 | ||
| Open | Vsg Llc | $840,000 | |
| Previous Owner | Treacy Robert J | $150,000 | |
| Previous Owner | Team Treacy Real Estate Inc | $2,247,000 |
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 |
|---|---|---|---|---|
| 05/05/2025 05/05/25 | Sold | $1,050,000 | 0.0% | $228 / 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 | $119 | $21,500 | $21,500 | $0 |
| 2019 | $119 | $11,820 | $11,820 | $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
96 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: 24255944
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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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