Duplex with Individual Utility
New
For Sale
$269,900
350 16th Avenue, Longview, WA 98632
Two one-bedroom residences offer separate utility accounts and established occupancy in Longview.
Property Size1,080 SF
Lot Size0.11 Acres
Price / SF$249.91
Days on Market4
Property Features for 350 16th Avenue
General Information
Standard status
Active
Size
1,080 SF
Total Parking Spaces
3
Lot size
0.11 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,748
Amenities
Wood Products
Building Details
Building Size
1,080 SF
Year Built
1925
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Woodford Commercial RE
Listed By:
Chris Roewe · License #23495
(360) 501-5500
Source:
Doverealtyinc
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 3:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Woodford Commercial RE
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Investment Insights
Based on property information with market context.
This 1,080-square-foot, single-story duplex contains two units, each with one bedroom and one bathroom. Individual utility meters serve the residences. The property occupies a 4,800-square-foot lot and was built in 1925.
Located at 350 16th Avenue in Longview, Washington, the duplex has long-term tenants in place.
Located at 350 16th Avenue in Longview, Washington, the duplex has long-term tenants in place.
Key Highlights
- Two units, each with 1 bedroom and 1 bathroom
- 1,080‑square‑foot single‑story duplex
- Separate utility meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,431
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,620
$248.6K
Cap Rate 7%
$177,586
$177.6K
Cap Rate 9%
$138,122
$138.1K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$18.8K $17.40/SF
− Vacancy
−$1.0K −$0.96/SF
EGI
$17.8K $16.44/SF
− OpEx
−$5.3K −$4.93/SF
NOI
$12.4K $11.51/SF
Area
Cowlitz County, WA
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,620
Cap Rate 7%
$177,586
Cap Rate 9%
$138,122
Alternative Uses
Best Use
Multifamily LT 5
$177.6K
$155.4K – $207.2K
NOI $12,431 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$163.1K
$142.7K – $190.3K
NOI $11,415 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$355.8K
$311.4K – $415.1K
NOI $24,908 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 98632, WA
50,721
Population
21,787
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
90%
High-School Grad
121.4 sq mi
ZIP Area
418
Density / Sq Mi
$64,705
Median Household Income
$40,928
Median Earnings
$1,142
Median Rent
$355,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences offer separate utility accounts and established occupancy in Longview.
Where is this duplex located?
The property is located at 350 16th Avenue Longview, WA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bathroom; 1,080‑square‑foot single‑story duplex; Separate utility meters for each unit
