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 Phone: (360) 693-3336
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
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Longview, WA.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 6:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$21K
Per Month
Principal & Interest
$20.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$12.6K
Powered By
Advertisement
NMLS#3030
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 most common type of family is single, no kids. Most 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.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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.
In October 2024 more than 14 listings in Longview, WA were sold above the asking price. During the same period more than 32 listings were sold at asking price, while more than 35 were sold below. In October 2024 in Longview, WA there were 9.1% more homes for sale than in September 2024. While the average time on the market in October 2024 was 38 days, the median list price was $376,750.
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. 
UFC
UFC
NHRA Drag Racing
Family Dollar
Burlington
Big Lots
Burger King
Popeyes
Golden Corral
Buick
Dodge
Kia
Urban Contemporary
Adult Standards
Jazz