Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    457 6th Ave, Unit 1 Colville, WA 99114-3059
    Back to Search
    Property profile & analytics

    457 6th Ave, Unit 1 Colville, WA 99114-3059

    View on Map
    • Apartment buildings
    • 2,775 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Apr 15, 2022
    $330,000
    Property ID
    US90-1863133
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 457 6th Ave

    Year built
    1910
    Lot size
    0.17 lot acres
    Property size
    2,775 SF
    Property type
    Apartment buildings
    APN
    90000
    APU
    90000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colville
    County
    Stevens
    State
    Washington
    Longitude
    -117.9
    Latitude
    48.5498
    CBSA code
    44060
    CBSA name
    SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,234
    $36,000
    $286,200
    $322,200
    -
    $36,000
    $286,200
    $322,200

    Comparable in this City

    • Value Estimation by Request
      4,320 SF

      330 4th Ave, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 4,320 SF
      330 4th Ave, Colville, WA 99114-2960
      View Details
    • Value Estimation by Request
      7,176 SF

      443 Jefferson St, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 7,176 SF
      443 Jefferson St, Colville, WA 99114-3358
      View Details
    • Value Estimation
      $640,000
      30,351 SF

      542 Smt St

      APARTMENT HOUSE (5+ UNITS) • 30,351 SF
      542 Smt St, Colville, WA 99114-9360
      View Details
    • Value Estimation by Request
      7,300 SF

      955 Main St, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 7,300 SF
      955 Main St, Colville, WA 99114-2241
      View Details
    • Value Estimation
      $550,000
      1,020 SF

      530 Birch Ave

      APARTMENT HOUSE (5+ UNITS) • 1,020 SF
      530 Birch Ave, Colville, WA 99114-2757
      View Details
    • Value Estimation
      $625,000
      14,976 SF

      356 Oak St

      APARTMENT HOUSE (5+ UNITS) • 14,976 SF
      356 Oak St, Colville, WA 99114-2760
      View Details

    Similar Nearby for Sale

    • $699,000
      1.59 Acres

      Colville WA Manufactured Home Lots

      1.59 acres with 12 lots and 3 manufactured homes.
      Colville, WA 99114
      View Details
    • $750,000
      4,800 SF

      Historic Home with Rental Income

      Restored historic home with consistent AirBNB income and guest house.
      640 Elm St, Colville, WA 99114
      View Details
    • $765,000
      6.40 Acres

      Two Homes on 6 Acres

      Two homes, shops, garden, and RV parking on 6 acres.
      527 Williams Lake Rd, Colville, WA 99114
      View Details
    • $355,000
      14.04 Acres

      Colville Acreage with Development Potential

      14.04 acres suitable for residential or multi-family development.
      2XX Hwy 395 Hwy N, Colville, WA 99114
      View Details
    • $80,000
      0.40 Acres

      Land in Victory Park Condominiums

      Land available in Victory Park Condominiums, Colville, WA.
      11XX Railroad St, Colville, WA 99114
      View Details
    • $139,900
      1.47 Acres

      Residential Lot in Pheasant Ridge

      1.47 acre lot with utilities in Colville, Washington.
      2082 White Tail Way, Colville, WA 99114
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    457 6th Ave, Unit 1
    Colville, WA 99114-3059
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    457 6th Ave, Colville, WA, 99114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!