Seller's Agent in 2025
April Treacy
Premiere Property Group, LLC
(360) 213-9444
16 in this area
102 Total Sales
285 22nd Ave Longview, WA 98632
Highlands Neighborhood
9
Beds
6
Baths
18,400
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 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.5% Cap Rate on Year 1 stabilized, 11.5 GRM & 24% Expense Ratio. 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
Premiere Property Group, LLC Brokerage Email: teamtreacy@gmail.com License #10473 Listed on: 10/16/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,925
Year Built
- Built in 2023
Home Design
- Composition Roof
- Concrete Perimeter Foundation
- Wood Composite
Interior Spaces
- 18,400 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Parking
- 16 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 04246
Community Details
Overview
- 16 Units
Building Details
- Operating Expense $89,558
- Gross Income $363,528
- Net Operating Income $272,317
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/13/2025 03/13/25 | Sold | $1,100,000 | -73.8% | $60 / Sq Ft |
| 01/21/2025 01/21/25 | Pending | -- | -- | -- |
| 10/16/2024 10/16/24 | For Sale | $4,200,000 | -- | $228 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
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 | $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 | $207 | $15,000 | $15,000 | $0 |
| 2013 | -- | $15,000 | $15,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
April Treacy
-
Dacia Alexander
D
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: 24254219
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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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