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    457 6Th Ave Colville, WA 99114

    Sponsored
    For Sale
    $545,000

    Six-unit rental portfolio, high occupancy.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a meticulously renovated six-unit multifamily property situated in the heart of Colville, Washington. Built in 1910 and completely renovated in 2024, this charming two-story building boasts 3,174 square feet of net rentable space on a 0.16-acre lot. The property features six one-bedroom, one-bathroom units, each designed for comfortable living. Residents enjoy a shared community yard perfect for summer gatherings, along with a convenient on-site coin-operated washer and dryer, and ample parking. Currently operating at 100% occupancy, this property generates a substantial net operating income (NOI) of $58,800, resulting in an attractive 6.90% capitalization rate. The asking price is $545,000, translating to $90,833.33 per unit. Located at 457 E 6th Ave, Colville, WA 99114, this property offers stunning mountain views and is zoned for residential use. Seller financing is negotiable, making this an even more compelling proposition for discerning investors. The strong rental history and high occupancy rate make this a low-risk, high-reward investment opportunity. Don't miss the chance to acquire this turnkey multifamily property in a desirable location.

    Property Features for 457 6Th Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    6,970 SF

    Building Details

    Year Built/Renovated
    1910/2024
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • Meticulously renovated six‑unit multifamily property in Colville, WA.
    • 3,174 square feet on a 0.16‑acre lot; built in 1910, completely renovated in 2024.
    • Six one‑bedroom, one‑bathroom units, currently 100% occupied.
    • $58,800 annual NOI, 6.90% cap rate, $545,000 asking price ($90,833 per unit).
    • Located at 457 E 6th Ave, Colville, WA 99114; Seller financing negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colville
    County
    Stevens
    State
    Washington
    Longitude
    -117.9004376
    Latitude
    48.5497879

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit rental portfolio, high occupancy.
    Where is this multifamily property located?
    The property is located at 457 6Th Ave Colville, WA.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: Meticulously renovated six-unit multifamily property in Colville, WA.; 3,174 square feet on a 0.16-acre lot; built in 1910, completely renovated in 2024.; Six one-bedroom, one-bathroom units, currently 100% occupied.
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    Colville, WA 99114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    457 6Th Ave Colville, WA 99114
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