Bridgeport Multifamily Investment
For Sale
Contact for pricing
616 Columbia Ave, Bridgeport, WA 98813
Seven-unit apartment complex with strong financials and seller financing.
Property Size4,228 SF
Price / SF$112.35
Days on Market168
Property Features for 616 Columbia Ave
General Information
Standard status
Active
Size
4,228 SF
Class
A
Total Parking Spaces
12
Property subtype
Multifamily
Zoning
Residential
Occupancy
100%
Net Operating Income
$56,225
Building Details
Year Built
1951
Year Renovated
2025
Buildings
1
Stories
1
Units
7
Listing Agency:
Coldwell Banker Cascade Real Estate
Listed By:
Paul Harrison · License #20114389
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 11 at 9:30AM
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 Coldwell Banker Cascade Real Estate
Investment Insights
Based on property information with market context.
This recently remodeled seven-unit apartment complex in Bridgeport, Washington, presents a multifamily investment opportunity. The property, currently fully rented, totals 4,228 square feet of one-level living. It features a shared laundry room and a large backyard, which includes a versatile 416 square foot shop suitable for storage or additional income. Recent improvements include a new TPO roof, interior remodels to units, and new exterior paint. Located in a central area of Washington with stable rental demand, this property is suited for investors seeking reliable cash flow and long-term upside. Seller financing is available.
Key Highlights
- High‑Return Investment: Boasting a 9.8% Net Cap Rate and 7.75% Gross Rent Multiplier.
- Seller Financing Available with reasonable terms.
- Recently Remodeled: Enjoy a new TPO roof, interior unit remodels, and fresh exterior paint.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 98813, WA
2,769
Population
920
Households
3
Avg Household Size
30
Median Age
4%
College-Educated
54%
High-School Grad
100.0 sq mi
ZIP Area
28
Density / Sq Mi
$52,500
Median Household Income
$25,567
Median Earnings
$891
Median Rent
$165,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit apartment complex with strong financials and seller financing.
Where is this apartment building located?
The property is located at 616 Columbia Ave Bridgeport, WA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: High‑Return Investment: Boasting a 9.8% Net Cap Rate and 7.75% Gross Rent Multiplier.; Seller Financing Available with reasonable terms.; Recently Remodeled: Enjoy a new TPO roof, interior unit remodels, and fresh exterior paint.
