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285 20th Avenue Triplex 285 20th Ave 3 Unit Apartment Building $525,000 ($175,000/Unit) 6.42% Cap Rate Longview, WA 98632
Executive Summary
Excellent Investment Opportunity. Triplex just completely renovated down to the studs. New electrical, new plumbing, new roof and new Hardie Plank Siding. New insulation, drywall, freshly painted, New carpet and Vinyl Plank flooring throughout. New Appliances and fixtures. Two units main level with one bedroom, one bath each. Upstairs is a two bedroom, one bath unit. All units have Washer and Dryer hookups. Parking off street. Perfect to live in one and rent the other two units or as an addition to your investment portfolio.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$46,200
|
$26.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,310
|
$1.32
|
| Effective Gross Income |
$43,890
|
$25.11
|
| Taxes |
$1,462
|
$0.84
|
| Operating Expenses |
$8,700
|
$4.98
|
| Total Expenses |
$10,162
|
$5.81
|
| Net Operating Income |
$33,728
|
$19.30
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $46,200 |
| Annual Per SF | $26.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,310 |
| Annual Per SF | $1.32 |
| Effective Gross Income | |
|---|---|
| Annual | $43,890 |
| Annual Per SF | $25.11 |
| Taxes | |
|---|---|
| Annual | $1,462 |
| Annual Per SF | $0.84 |
| Operating Expenses | |
|---|---|
| Annual | $8,700 |
| Annual Per SF | $4.98 |
| Total Expenses | |
|---|---|
| Annual | $10,162 |
| Annual Per SF | $5.81 |
| Net Operating Income | |
|---|---|
| Annual | $33,728 |
| Annual Per SF | $19.30 |
Property Facts
| Price | $525,000 | Property Subtype | Apartment |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.42% | Building Size | 1,748 SF |
| Gross Rent Multiplier | 11.97 | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1928/2025 |
| Property Type | Multifamily | ||
| Zoning | R1 - designates residential districts specifically for low-density, single-family detached homes | ||
| Price | $525,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.42% |
| Gross Rent Multiplier | 11.97 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,748 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2025 |
| Zoning | R1 - designates residential districts specifically for low-density, single-family detached homes |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
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Contact the Sale Advisor
285 20th Avenue Triplex | 285 20th Ave