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947 & 953 7th Ave, Longview 947 7th Ave 12 Unit Apartment Building $1,200,000 ($100,000/Unit) 5.39% Cap Rate Longview, WA 98632
Executive Summary
This could be the perfect 12 unit apartment complex for you to add to your portfolio. All 12 units are 1 bed 1 bath units. The complex has some updated features including newer; roof, decks, porches, exterior paint, plumbing, water main line, and sewer main line. 8 of the 12 units have been completely updated. Coin-op laundry for additional income. Outside you will have alley parking, on street parking, and a storage shed for each unit. Complex is also located directly across the street from a park.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.39% | Building Size | 7,044 SF |
| Gross Rent Multiplier | 11.97 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment |
| Price | $1,200,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Gross Rent Multiplier | 11.97 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,044 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1967 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $2,163 | 587 - 2,348 |
1 1
Property Taxes
| Parcel Number | 0-8548 | Total Assessment | $482,210 (2024) |
| Land Assessment | $67,090 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $415,120 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
0-8548
Land Assessment
$67,090 (2024)
Improvements Assessment
$415,120 (2024)
Total Assessment
$482,210 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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