1023 16th Avenue, Longview, WA 98632

Property Description

Fantastic investment opportunity just blocks from Lake Sacajawea! This well-maintained five-plex offers 4,000 SF of total living space on a 6,000 SF lot, featuring 5 spacious 2-bed/1-bath units. Each unit offers comfortable layouts, with select units featuring fireplaces & in-unit laundry hookups. Additional features include a 5-car carport, exterior storage, & coin-operated laundry machines that transfer with sale. Property generates solid income & offers strong upside potential through increased occupancy, value-add improvements, & rent adjustments to current market rates. Offered at a 5.7% CAP rate & connected to Longview utilities. Occupied interior tours available upon mutual acceptance.

Listing Status:

Active

Data Last Updated:

May 18, 2026 at 7:21PM

Listing Office:

Woodford Commercial RE : 360-501-5500

Listing Agent:

Chris Roewe : 360-501-5500

MLS ID:

2441946

Interior

• Flooring: LaminateCarpet
• A/C: None
• Heating: Other – See Remarks
• Fireplace: Fireplaces: 0

Exterior

• General: BrickWood Products
• Parking: Parking spaces: 6

Construction

• Roofing: Composition
• General: 55 - 5-9 Units

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Longview
• County: Cowlitz

Lot

• Zoning: 01067

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls