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616 Columbia Ave 7 Unit Apartment Building Offered at $475,000 at a 11.84% Cap Rate Bridgeport, WA 98813
Investment Highlights
- Fully rented seven-unit apartment building generating consistent income.
- Large lot with spacious backyard and additional 416 SF shop for storage or extra revenue.
- Recently renovated with new roof, updated interiors, and fresh exterior paint.
- Strong investment metrics with a 9.8% cap rate and low operating expenses.
Executive Summary
Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a strong 9.8% Net Cap Rate and tremendous 7.75% Gross Rent Multiplier! New improvements include a brand new TPO roof, interior remodels to units, and new exterior paint. Low operating costs and cheap utilities make this a high-efficiency investment. With the building totaling 4,228 square feet of one-level living, this property also features a shared laundry room and large backyard which includes a versatile 416 square foot shop for storage or additional income. Located in a central area of Washington with stable rental demand. Ideal for investors seeking reliable cash flow and long-term upside. **Seller Financing Available** With reasonable financing terms from the Seller, you can acquire this great income-producing property AND keep the mortgage off your books, bureaus, ratios, etc. Leases and Financials available upon request. Prime investment opportunity!
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $720.00 | - |
| 1+1 | 3 | $825.00 | - |
| 2+1 | 2 | $1,120 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 00-20-27-01300 | Improvements Assessment | $147,000 |
| Land Assessment | $21,600 | Total Assessment | $168,600 |
Property Taxes
Parcel Number
00-20-27-01300
Land Assessment
$21,600
Improvements Assessment
$147,000
Total Assessment
$168,600
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616 Columbia Ave
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