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Bedford Townhomes 303 E Broadway Ave 10 Unit Apartment Building $3,510,000 ($351,000/Unit) 5.81% Cap Rate Montesano, WA 98563
Investment Highlights
- 10-Unit Townhome-Style Multifamily | Built 2022 | Montesano, WA
- $203,633 in NOI With upside potential through market rent growth
Executive Summary
Premium 10-unit multifamily investment featuring townhome-style apartments built brand new in 2022. This modern asset offers investors strong in-place income, minimal deferred maintenance, and durable long-term hold appeal.
The property is located in the heart of Montesano, the county seat of Grays Harbor County, benefiting from limited multifamily supply and consistent local rental demand. Unit designs and finishes are tenant-attractive, supporting stable occupancy and future rent growth.
This offering is well-suited for private investors, portfolio expansion buyers, or 1031 exchange replacement seeking modern construction and predictable operations without major capital expenditure risk.
The property is located in the heart of Montesano, the county seat of Grays Harbor County, benefiting from limited multifamily supply and consistent local rental demand. Unit designs and finishes are tenant-attractive, supporting stable occupancy and future rent growth.
This offering is well-suited for private investors, portfolio expansion buyers, or 1031 exchange replacement seeking modern construction and predictable operations without major capital expenditure risk.
Property Facts
| Price | $3,510,000 | Apartment Style | Townhome |
| Price Per Unit | $351,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 5.81% | Building Size | 13,445 SF |
| Gross Rent Multiplier | 13.7 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 0.74/1,000 SF |
| Price | $3,510,000 |
| Price Per Unit | $351,000 |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| Gross Rent Multiplier | 13.7 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 13,445 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 0.74/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Walk-In Closets
- Double Pane Windows
- Large Bedrooms
Site Amenities
- Storage Space
- Public Transportation
- Private Bathroom
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,309,791 | |
| Land Assessment | $94,009 | Total Assessment | $2,403,800 |
Property Taxes
Parcel Numbers
Land Assessment
$94,009
Improvements Assessment
$2,309,791
Total Assessment
$2,403,800
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Videos
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Presented by
Riley Jackson Real Estate, Inc.
Bedford Townhomes | 303 E Broadway Ave
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