Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.5% Cap Rate on Year 1 stabilized, 11.5 GRM & 24% Expense Ratio. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Option for 1-3 more fourplex under devt, if larger portfolio is desired. Offering is for portfolio of 4 fourplexes but open to offers for individual 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave. All separate parcels.
Property Details
Property Features
Property Information:
Year Built: 2023
Stories: 2
Living Area: 18,400 SqFt
Listing Office:
Office Name: Keller Williams Realty
Office Email: teamtreacy@gmail.com
Listing Agent: April Treacy
Exterior Features
Parking Information:
Attached Garage: No
Parking: Paved
Utilities
Utilities Information:
Cooling: None
Other
Directions Information:
Directions: From Seattle/Tacoma, I-5 S to exit 36 WA-432 in Kelso and follow thru Tennant Way and turn L on 22nd
Price Information
Listing Price Info
Price Summary:
List Price: $4,200,000
Price Per SqFt: $228/SqFt
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Housing Market Comparison
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Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Saint Helens Elementary School
431 27th Ave
Distance between this listing and this school0.42 miles
Public District Grades KG-5
2
/10
Kessler Elementary School
1902 E Kessler Blvd
Distance between this listing and this school0.79 miles
Public District Grades KG-5
6
/10
Olympic Elementary School
1324 30th Ave
Distance between this listing and this school1.17 miles
Public District Grades KG-5
Nearby Schools
6
/10
Monticello Middle School
1225 28th Ave
Distance between this listing and this school1.13 miles
Public District Grades 6-8
4
/10
Cascade Middle School
2821 Parkview Dr
Distance between this listing and this school2.36 miles
Public District Grades 6-8
4
/10
Huntington Middle School
500 Redpath St
Distance between this listing and this school3.31 miles
Public District Grades 6-8
Nearby Schools
1
/10
Kelso Goal Oriented Learning Design
1030 15th Ave Ste 300
Distance between this listing and this school1.13 miles
Public District Grades 9-12
3
/10
Longview Virtual Academy
2742 Harding St
Distance between this listing and this school1.14 miles
Public District Grades 6-12
2
/10
Discovery High School
2742 Harding St
Distance between this listing and this school1.14 miles
The neighbors living near this home have an average income of $26,882. The majority of Longview, WA residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 285 22nd Ave
What is the listing price of this property?
The listing price of 285 22nd Ave property is $4,200,000.
What type of property is this?
The property 285 22nd Ave is a house located in Longview, Washington, 98632.
Is this property for sale now?
Active Listing: 285 22nd Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the square footage of this property?
The property 285 22nd Ave is 18,400 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 285 22nd Ave is 2023.
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This home is located at 285 22nd Ave in Longview, WA and zip code 98632 in the Highlands neighborhood. This 18,400 square foot home was built in 2023. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $4,200,000.
While more than 22 listings in Longview, WA in November 2024 were sold above asking price, there were more than 30 listings sold at asking price, and more than 25 were sold below. In November 2024 in Longview, WA there were 5% less homes for sale than in October 2024. In November 2024, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $376,250.
From Rocket Homes Real Estate and based on county public records data.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
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