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$725,000

  • For Sale
  • Active
  • Multi-Family

Listed by Chris Roewe | Woodford Commercial RE | (360) 501-5500

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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.

Full Property Details for 1023 16th Ave

General

  • Price: $725,000
  • Taxes: $5,247 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2441946
  • Updated: 10/6/2025
  • Added to Site: 102 day(s) ago

Interior

  • Flooring: Laminate, Carpet

Parking

  • Carport Spaces: 5
  • Uncovered Spaces: 1

Location

  • Area: 404 - Westside
  • County: Cowlitz
  • Subdivision: Longview
  • Driving Directions: I-5 North, Exit WA-432 onto Tennnant Way, Right on 7th, Left on Florida, Left on 16th Ave, Destination will be on the right.

School Information

  • High School District: Longview
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Other – See Remarks

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Brick, Wood Products
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 4,000
  • Year Built: 1966
  • Property Condition: Average

Unit Information

  • Units in Building: 5

Lot Features

  • Lot Size (Acres): 0.1377
  • Lot Size (Sq. Ft.): 6,000
  • Lot Size Source: county
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $5,247
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 1067

Listed by Chris Roewe | Woodford Commercial RE | (360) 501-5500

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1023 16th Ave

School District:Longview Public Schools
NameGradesDistance
Kessler Elementary School
1902 East Kessler Boulevard, Longview, WA 98632
K-50.3 mi
Monticello Middle School
1225 28th Avenue, Longview, WA 98632
6-81 mi
R A Long High School
2903 Nichols Boulevard, Longview, WA 98632
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1023 16th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2025
Listed
$725,000
27.29%
MLS
12/09/2020
Sold
$569,573
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1023 16th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,247
6%
$635,240
13%
2023
$4,958
—
$559,700
12%
2023
$4,958
24%
$499,850
38%
2021
$3,991
20%
$361,730
14%
2020
$3,331
29%
$316,800
32%
2019
$2,585
-18%
$240,000
—
2018
$3,146
22%
$240,000
20%
2017
$2,578
2%
$200,000
—
2016
$2,522
-7%
$200,000
—
2014
$2,721
—
$200,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Chris Roewe | Woodford Commercial RE | (360) 501-5500

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1023 16th Avenue, Longview, WA 98632 (MLS# 2441946) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 1023 16th Avenue is currently listed for $725,000 and was received on October 06, 2025. Want to learn more about 1023 16th Avenue? Do you have questions about finding other Multi-Family real estate for sale in New West Side? You can browse all New West Side real estate or contact a Coldwell Banker agent to request more information.

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