Listed by Riley Jackson Real Estate Inc.
$3,510,000
$10K PRICE DROP

303 E Broadway Ave Montesano, WA 98563

Estimated payment $20,811/month

Total Views 8,219
15 Beds
15 Baths
11,300 Sq Ft
$311 Price per Sq Ft

Highlights

  • 0.52 Acre Lot
  • Thermal Windows
  • Property is in very good condition
  • No HOA
  • High Speed Internet
  • 4-minute walk to Fleet Park

About This Home

Built new in 2022, this 10-unit townhome-style multifamily asset offers the benefits investors seek in newer construction: modern building systems, attractive tenant layouts, and limited maintenance obligations. The property has been designed to promote strong tenant retention and efficient management. Located in Montesano, Washington, the governmental hub of Grays Harbor County, the property benefits from proximity to employment centers, services, and regional amenities. Current rents provide measured upside potential through future market adjustments, presenting investors with both stability and income growth prospects. An excellent fit for buyers pursuing durable, newer multifamily inventory or completing a 1031 exchange.

Listing Agent

Paul Strawn

Riley Jackson Real Estate Inc. License #16938 Listed on: 01/09/2026

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2466648

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,222

Year Built

  • Built in 2022

Lot Details

  • 22,753 Sq Ft Lot
  • 070700100600
  • Property is in very good condition

Parking

  • 5 Car Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 11,300 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 15 Bathrooms

Utilities

  • Ductless Heating Or Cooling System
  • STEP System includes septic tank and pump
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Montesano Subdivision

Listing and Financial Details

  • Assessor Parcel Number 070700101300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,222

Year Built

Built in 2022

Lot Details

0.52 Acres

Parking

5

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 2022
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 11300
  • SOCComments: BBC is negotiable
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Total Bedrooms: 15
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Cement Plank, Wood
  • Exterior Features: Cement Planked, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 5
  • Open Parking: No
  • Total Parking Spaces: 5

Utilities

  • Sewer: STEP Sewer
  • Water Source: Public
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Ductless, Wall Furnace
  • Heating Yn: Yes
  • PowerCompany: GH PUD
  • SewerCompany: City of Montesano
  • WaterCompany: City of Montesano

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Montesano

Lot Info

  • Parcel Number: 070700101300
  • Lot Size Acres: 0.5223
  • Lot Size Sq Ft: 22753
  • Additional Parcels Description: 070700100600
  • Zoning Description: Multi-Family,Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: County Records

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.7
  • LeasedItems: None
  • TotalMonthlyIncome: 21380

Tax Info

  • Year: 2025
  • Tax Annual Amount: 22222

Multi Family

  • Number Of Units Total: 10
  • Electric Expense: 785
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $22,189 $2,400,180 $90,389 $2,309,791
2023 $21,559 $737,536 $76,050 $661,486
2022 $557 $51,520 $51,520 $0
2021 $547 $51,520 $51,520 $0
2020 $494 $46,000 $46,000 $0
2019 $453 $40,000 $40,000 $0
2018 $577 $40,000 $40,000 $0
2017 $539 $40,000 $40,000 $0
2016 $558 $40,000 $40,000 $0
2014 -- $40,000 $40,000 $0
2013 -- $40,000 $40,000 $0
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 Prior Sale
03/07/2026 03/07/26 Price Changed $3,510,000 -0.3% $311 / Sq Ft
01/09/2026 01/09/26 For Sale $3,520,000 +5001.4% $312 / Sq Ft
01/30/2020 01/30/20 Sold $69,000 -0.7% -- View Prior Sale
12/03/2019 12/03/19 Pending -- -- --
11/27/2019 11/27/19 For Sale $69,500 0.0% --
11/05/2019 11/05/19 Pending -- -- --
10/29/2019 10/29/19 For Sale $69,500 +6.9% --
04/25/2018 04/25/18 Sold $65,000 -27.0% -- View Prior Sale
02/25/2018 02/25/18 Pending -- -- --
07/15/2017 07/15/17 For Sale $89,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

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 Type Sale Price Title Company
Warranty Deed $69,000 Pacific Title
Warranty Deed -- Pacific Title
Personal Reps Deed -- Grays Harbor 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 Loan Amount Loan Type
Closed $2,250,000 Construction
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2466648

Northwest Multiple Listing Service (NWMLS)

APN: 070700101300

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