Well-Maintained Multifamily Investment
157 NEVADA Dr, Longview, WA 98632
New
MULTI_FAMILY - Longview, WA
Property size:
8,744 SFLot size:
0.31 AcresPrice / SF:
$228/SF- Added:
- May 8, 2026
- Days on Market:
- 5
- Last Refresh:
- May 12 at 2:06 pm
Property Features for 157 NEVADA Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- URO
- Bedrooms
- 16
- Bathrooms
- 16
- Rooms
- Bedroom 10, Bedroom 5, Bathroom 8, Bedroom 9, Bathroom 16, Bathroom 6, Bathroom 15, Bedroom 11, Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 10, Bedroom 3, Bedroom 14, Bedroom 16, Bathroom 1, Bathroom 13, Bathroom 7, Bathroom 9, Bathroom 4, Bathroom 12, Bedroom 12, Bedroom 15, Bathroom 5, Bathroom 14, Bedroom 8, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 11, Bedroom 7, Bedroom 13
- Standard status
- Active
- APN
- 6121101
- Size
- 8,744 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- 136 (COLUMBIA HGTS GDNS) -6 -61A,62 22 -8N -2W CC01267 LOT 1 EXC
- Tax Annual Amount
- 14009
Utilities
- Water front features
- Creek
Building Details
- Year built
- 1978
- Floors in Building
- 2
- Number of units
- 8
- Roof type
- Composition
Listing agent Dean Gehrman License #96432 (360) 431-9735
Listing office John L. Scott/LVW 1700 Hudson St Ste 101, Longview, WA (360) 425-5815
Listing date May 8, 2026
MLS# 507741229
Listing URL
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Projected Cap Rate over 5% with upcoming rent increases for 7 of 8 units.
- Four townhouse duplex units on separate tax parcels included in sale.
- 32x40 garage/shop with 200 amp service, loft, and 1/2 bath, currently used for income.
- Recent updates include new roofs, updated windows, flooring, and painting.
- Each unit features 2 bedrooms, 1.5 baths, vaulted ceilings, walk‑in closets, washer/dryer hookups, a carport, and 2 storage rooms.
- Private and secluded units in a quiet, wooded setting with private courtyards and creek waterfront feature.
Overview
This well-maintained eight-plex features four townhouse-style duplex units, each situated on its own tax parcel. The units are approximately 1093 square feet and include 2 bedrooms, 1.5 baths, vaulted ceilings, walk-in closets, and washer/dryer hookups. Each unit also has a carport, two storage rooms, and private courtyards. Recent updates include painting, new roofs, updated windows, and flooring. A 32x40 garage/shop with 200 amp service and a loft with a 1/2 bath is also located on the property. The garage/shop is currently used for income and is partially owner-occupied. Four tax parcels are included in the sale. Most of the units are private and secluded, set back off the road in a quiet wooded setting. The property is zoned URO. Rents will be increased for 7 of the 8 units in July, reflecting a cap rate of over 5%. The property is located in Longview, Washington, in Cowlitz County, on a 0.31-acre lot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Longview
- County
- Cowlitz
- State
- Washington
- Longitude
- -122.9201843
- Latitude
- 46.1645425
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property with recent updates and income potential.
Where is this apartment building located?
The property is located at 157 NEVADA Dr Longview, WA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Projected Cap Rate over 5% with upcoming rent increases for 7 of 8 units.; Four townhouse duplex units on separate tax parcels included in sale.; **32x40 garage/shop with 200 amp service, loft, and 1/2 bath, currently used for income.**
