1023 16th Ave

5
Baths
4,000 Sq. Ft.
$181 / Sq. Ft.
4,000
Sq. Ft.
$181
per Sq. Ft.

Description

Fantastic investment opportunity just blocks from Lake Sacajawea! This well-maintained five-plex offers 4,000 SF of total living space on a 6,000 SF lot, featuring 5 spacious 2-bed/1-bath units. Each unit offers comfortable layouts, with select units featuring fireplaces & in-unit laundry hookups. Additional features include a 5-car carport, exterior storage, & coin-operated laundry machines that transfer with sale. Property generates solid income & offers strong upside potential through increased...Fantastic investment opportunity just blocks from Lake Sacajawea! This well-maintained five-plex offers 4,000 SF of total living space on a 6,000 SF lot, featuring 5 spacious 2-bed/1-bath units. Each unit offers comfortable layouts, with select units featuring fireplaces & in-unit laundry hookups. Additional features include a 5-car carport, exterior storage, & coin-operated laundry machines that transfer with sale. Property generates solid income & offers strong upside potential through increased occupancy, value-add improvements, & rent adjustments to current market rates. Offered at a 5.7% CAP rate & connected to Longview utilities. Occupied interior tours available upon mutual acceptance.
  1. Listed by Chris Roewe • Woodford Commercial RE

Property Details for 1023 16th Avenue

Community Name
Longview
School District
Longview
Number of Assigned Spaces
6
Total Covered Parking
0
Entry Date
10-06-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 10/14/2025 12:58 PM

Property Details for 1023 16th Avenue

StatusActive
MLS #2441946
Days on Market102
Cumulative Days on Market102
Taxes$5,247 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.14 AC / 6,000 SF
CountyCowlitz County

Location

Listing Courtesy of Woodford Commercial RE
Add your commute

Building Information for 1023 16th Avenue

Stories2Residences5Year Built1966Building Size-Lot Size0.14 AC / 6,000 SF

Payment Calculator

$3,971 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,534

Property Taxes

$437

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1023 16th Avenue

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 404 - Westside
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: Public Records
  • Directions: I-5 North, Exit WA-432 onto Tennnant Way, Right on 7th, Left on Florida, Left on 16th Ave, Destination will be on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 5.0
  • Carport: No
  • Open Parking Spaces: 1.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Carpet
  • Amenities: Coin Op Laundry,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Other – See Remarks
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 5763
  • Power Company: Cowlitz PUD
  • Sewer Company: City of Longview
  • Water Company: City of Longview
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: seller
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1966
  • Photos Count: 10
Lot Information
  • Lot Details: Alley, Curbs, Paved, Sidewalk
  • Lot Size Source: county
  • Parcel Number Free Text: 01067
  • Building Condition: Average
  • Calculated Square Footage: 4000
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4000.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 1
  • Number of Stories in Building: 2
  • Vacancy Rate: 3
  • Number Of Units Total: 5
  • Units Below Grade: false
  • Units In Building Total: 5
Financing / Income and Expenses
  • Electric Expense: $575
  • Total Expenses: 24395
  • Gross Adjusted Income: 65920
  • Gross Rent Multiplier: 10.7
  • Gross Scheduled Income: $67,200
  • Insurance Expense: $3,470
  • Net Operating Income: $41,525
  • Other Expenses: $9,340
  • Total Monthly Income: 5680
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Rent Unit 1: $1,125.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Rent Unit 2: $1,050.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Rent Unit 3: $1,200.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Rent Unit 4: $1,050.00
  • Bedrooms Unit 4: 2
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Refrigerator Unit 5: true
  • Rent Unit 5: $1,175.00
  • Bedrooms Unit 5: 2
  • Bathrooms Unit 5: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4000.0

Property History for 1023 16th Avenue

DateEvent & SourcePriceAppreciation
Oct 6, 2025

Listed (Active)

NWMLS #2441946

$725,000
Dec 9, 2020

Sold (Public Record)

Public Record #685759934

$569,573

+6.7% / yr

Feb 9, 2010

Sold

NWMLS #29097706

$283,000
Feb 9, 2010

Sold

RMLS #9053345

$283,000
Feb 8, 2010

Sold (Public Record)

Public Record #282886701

$283,000

+0.3% / yr

Dec 2, 2009

Pending

RMLS #9053345

Dec 2, 2009

Pending

NWMLS #29097706

Jul 8, 2009

Listed (Active)

RMLS #9053345

$318,000
Jul 8, 2009

Listed (Active)

NWMLS #29097706

$318,000
Dec 12, 2005

Sold

NWMLS #25155190

$279,000
Dec 2, 2005

Sold (Public Record)

Public Record #236481478

$279,000

+25.9% / yr

Oct 28, 2005

Pending

NWMLS #25155190

Oct 14, 2005

Cancelled

NWMLS #25155353

Oct 14, 2005

Listed (Active)

NWMLS #25155353

$285,000
Oct 14, 2005

Listed (Active)

NWMLS #25155190

$285,000
Oct 13, 2005

Cancelled

NWMLS #25155353

Oct 13, 2005

Listed (Active)

NWMLS #25155353

$285,000
Sep 8, 2004

Sold (Public Record)

Public Record #236465997

$210,000
DateEvent & SourcePrice
10/06/2025

Listed (Active)

NWMLS #2441946

$725,000
12/09/2020

Sold (Public Record)

Public Record #685759934

$569,573

+6.7% / yr

02/09/2010

Sold

NWMLS #29097706

$283,000
02/09/2010

Sold

RMLS #9053345

$283,000
02/08/2010

Sold (Public Record)

Public Record #282886701

$283,000

+0.3% / yr

12/02/2009

Pending

RMLS #9053345

12/02/2009

Pending

NWMLS #29097706

07/08/2009

Listed (Active)

RMLS #9053345

$318,000
07/08/2009

Listed (Active)

NWMLS #29097706

$318,000
12/12/2005

Sold

NWMLS #25155190

$279,000
12/02/2005

Sold (Public Record)

Public Record #236481478

$279,000

+25.9% / yr

10/28/2005

Pending

NWMLS #25155190

10/14/2005

Cancelled

NWMLS #25155353

10/14/2005

Listed (Active)

NWMLS #25155353

$285,000
10/14/2005

Listed (Active)

NWMLS #25155190

$285,000
10/13/2005

Cancelled

NWMLS #25155353

10/13/2005

Listed (Active)

NWMLS #25155353

$285,000
09/08/2004

Sold (Public Record)

Public Record #236465997

$210,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1023 16th Avenue

Taxable ValueLand$72,350Additions$562,890Total$635,240
Tax Record2024$5,247 ($437 / month)
Home Facts
Lot Size6,000 SqFtStyleMiscellaneousYear Built1966CountyCOWLITZAPN01067

Schools near 1023 16th Avenue

This home is within Longview School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Kessler Elementary School
PublicK to 5

Monticello Middle School
Public6 to 8

R A Long High School
Public9 to 12

Discovery High School-Achieve
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1023 16th Avenue is a multi-family home for sale in Longview, WA 98632. This property was listed for sale on October 6, 2025 by Woodford Commercial RE, it's currently listed at $725,000. It has been on the market for a total of 102 days and was last sold on December 9, 2020. This listing's school district is Longview School District. Nearby schools include Kessler Elementary School, Monticello Middle School and R A Long High School. 1023 16th Avenue is a 10-bed, 5-bath, 4,000 sqft multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Woodford Commercial RE

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/16/2026 12:56 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.