$825,000

3205 PACIFIC Way, Longview, WA 98632

  • 4,208 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1999
  • Property Lot Size Icon0.68acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $196/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

Twin NNN Leased Homes at 9% CAP rate! 3205 & 3215 Pacific Way, Longview, WA. Rare package offering two identical, purpose-built 6-bedroom adult family homes, each independently licensed and operated since construction by separate businesses. Both on NNN leases at $3,100/month each ($74,400 combined annual NOI) — approx. 8% cap rate. Each lease has 4 years remaining plus a 5-year renewal option, offering up to 9 years of contracted income visibility. Tenants cover taxes, insurance, and maintenance, leaving ownership largely passive. Two separate operators reduce tenant-concentration risk versus a single-tenant net lease. Purpose-built construction means no costly retrofitting for licensing or accessibility. Both homes sit on a large third of an acre. Both homes were designed from the ground up for residential care use. New roofs on both buildings (2019) minimize near-term capital needs. Located in Longview, WA, along the I-5 corridor between Portland and Seattle, serving a stable regional demand base for licensed residential care. Sold as a package only. Ideal for 1031 exchange buyers or passive investors seeking yield in net-leased healthcare real estate without operational risk. Owner/Agent

Listing Status:
Active
Date Added:
June 25, 2026
Data Last Updated:
July 7, 2026 at 7:43AM
Listing Office:
Cascade Hasson Sotheby's International Realty : 360-419-5600
Listing Agent:
Travis Newton : 360-600-6641
MLS ID:
751724166
  • Basement: Crawl space
  • A/C: Heat pump
  • Heating: Forced air
  • General: Lap sidingT 111 siding
  • Parking: PavedParking spaces: 8
  • Roofing: Composition
  • General: Concrete perimeter
  • Road/Access: Paved
  • Originating MLS: Regional Multiple Listing ServiceInc.
  • County: Cowlitz
  • Zoning: res235 (HILLSIDE AC 1) -2 -17 20 -8N -2W LV12005 LOT 3.048830101
  • Water: Public water
  • Sewer: Public sewer
  • Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Travis Newton , Cascade Hasson Sotheby's International Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Similar Listing

106 17TH Ave, Longview, WA 98632
Multi-Family Home For Sale

$945,000

  • 4,000 sqft |
106 17TH Ave Longview, WA 98632

#539752309 - John L. Scott Real Estate