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285 20th Ave - 285 20th Avenue Triplex 3 Unit Apartment Building Offered at $525,000 at a 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 | No. Units | 3 |
| Price Per Unit | $175,000 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 1,748 SF |
| Cap Rate | 6.42% | No. Stories | 2 |
| Gross Rent Multiplier | 11.97 | Year Built | 1928 |
| 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 |
| Building Size | 1,748 SF |
| No. Stories | 2 |
| Year Built | 1928 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
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Presented by
John L. Scott
285 20th Ave - 285 20th Avenue Triplex
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