NOT LISTED FOR SALE

3002 Garfield St Longview, WA 98632

Olympic West Neighborhood
5 Beds
5 Baths
3,000 Sq Ft
1930 Built

Last Sold September 12, 2022

Last sale price $546,000 $182 Per Sq Ft

130 Days on Market

Highlights

  • Storage
  • Level Lot
  • Wall Furnace

About This Home

As of September 2022

Great investment opportunity in Longview! 5 Units all 1 Bed 1 bath, All leases end in less than six months and are currently rented under market value so higher rents can be achieved. Rare location that is close to schools, .2 miles to Olympic, 2 minute bike ride to lake Sacajawea, 5 minute drive to Peace Health/St Johns. Excellent property for Airbnb, Traveling Nurses etc. Roof recently replaced and units have been well maintained. Shared parking area and individual storage sheds for each unit.

Last Agent to Sell the Property

Allen Anderton

Keller Williams Realty License #106011 Listed on: 04/20/2022

Keller Williams Realty

Last Buyer's Agent

Forrest Barrett

The Bordak Group License #124106

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,438

Year Built

  • Built in 1930

Lot Details

  • Level Lot

Parking

  • Assigned Parking

Home Design

  • Composition Roof
  • Shake Siding
  • Cedar

Interior Spaces

  • 3,000 Sq Ft Home
  • Storage

Schools

  • Mt Solo Middle School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 0593801

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $10,638
  • Gross Income $48,300
  • Net Operating Income $37,662

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,438

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1930
  • Property Attached Yn: No
  • Current Price For Status: 546000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar,ShakeSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Middle Or Junior School: Mt Solo

Lot Info

  • Zoning: R01
  • Parcel #: 0593801

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 3438.08

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 12.19
  • Annual Gross Income: 48300.0
  • Property Net Operating Income: 37662.0
  • Annual Operating Expense: 10638.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2022 09/12/22 Sold $546,000 -7.3% $182 / Sq Ft
08/28/2022 08/28/22 Pending -- -- --
08/18/2022 08/18/22 Price Changed $589,000 -5.7% $196 / Sq Ft
07/28/2022 07/28/22 Price Changed $624,900 -3.7% $208 / Sq Ft
05/25/2022 05/25/22 Price Changed $649,000 -5.3% $216 / Sq Ft
05/10/2022 05/10/22 Price Changed $685,000 -4.7% $228 / Sq Ft
04/20/2022 04/20/22 For Sale $719,000 -- $240 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

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 $4,023 $464,640 $62,290 $402,350
2023 $3,846 $445,480 $62,290 $383,190
2022 $3,567 $418,110 $62,290 $355,820
2021 $3,438 $358,800 $62,290 $296,510
2020 $2,974 $311,460 $62,290 $249,170
2019 $2,308 $282,744 $42,840 $239,904
2018 $2,809 $214,200 $42,840 $171,360
2017 $2,209 $214,200 $42,840 $171,360
2016 $2,161 $171,360 $34,270 $137,090
2015 $2,345 $171,360 $34,270 $137,090
2013 -- $171,360 $34,270 $137,090
Source: Public Records

Agents Affiliated with this Home

  • Allen Anderton

    Seller's Agent in 2022

    Allen Anderton

    Keller Williams Realty

    (360) 693-3336

    1 in this area

    41 Total Sales

    Allen Anderton
    Section Image
  • Forrest Barrett

    Buyer's Agent in 2022

    Forrest Barrett

    The Bordak Group

    (360) 936-8950

    1 in this area

    55 Total Sales

    Forrest Barrett
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22076866

Regional Multiple Listing Service (RMLS)
Washington Cowlitz County Longview 98632 Olympic West

3002 Garfield St, Longview, WA

Not Listed for Sale

MultiFamily

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