3205 Pacific Way

Longview, WA 98632

$999,900
Price
12
Beds
14
Baths
4,208 Sq. Ft.
$238 / Sq. Ft.
4,208
Sq. Ft.
$238
per Sq. Ft.
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New
New
Listing provided courtesy of Cascade Hasson Sotheby's Int'l
Source: Northwest MLS

Description

Twin NNN Leased Care Homes at 7.44% CAP rate! 3205 & 3215 Pacific Way, Longview, WA. Rare package offering two identical, purpose-built 6-bedroom adult family homes, each independently licensed and operated since construction by separate businesses. Both on NNN leases at $3,100/month each ($74,400 combined annual NOI) — approx. 7.44% cap rate. Each lease has 4 years remaining plus a 5-year renewal option, offering up to 9 years of contracted income visibility. Tenants cover taxes, insurance, and...Twin NNN Leased Care Homes at 7.44% CAP rate! 3205 & 3215 Pacific Way, Longview, WA. Rare package offering two identical, purpose-built 6-bedroom adult family homes, each independently licensed and operated since construction by separate businesses. Both on NNN leases at $3,100/month each ($74,400 combined annual NOI) — approx. 7.44% cap rate. Each lease has 4 years remaining plus a 5-year renewal option, offering up to 9 years of contracted income visibility. Tenants cover taxes, insurance, and maintenance, leaving ownership largely passive. Two separate operators reduce tenant-concentration risk versus a single-tenant net lease. Purpose-built construction means no costly retrofitting for licensing or accessibility. Both homes sit on a large third of an acre. Both homes were designed from the ground up for residential care use. New roofs on both buildings (2019) minimize near-term capital needs. Located in Longview, WA, along the I-5 corridor between Portland and Seattle, serving a stable regional demand base for licensed residential care. Sold as a package only. Ideal for 1031 exchange buyers or passive investors seeking yield in net-leased healthcare real estate without operational risk. Owner/Agent
  1. Listed by Travis Newton • Cascade Hasson Sotheby's Int'l
    P: (360)-419-5600 travis.newton@cascadehasson.com

Property Details for 3205 Pacific Way

Community Name
Pacific Way
School District
Longview
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
06-17-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 06/17/2026 11:45 AM

Property Details for 3205 Pacific Way

StatusActive
MLS #2541624
Days on MarketListed Today
Cumulative Days on Market0
Taxes$3,300 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1999
Lot Size0.68 AC / 29,620 SF
CountyCowlitz County
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Location

Listing Courtesy of Cascade Hasson Sotheby's Int'l
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Building Information for 3205 Pacific Way

Stories1Residences2Year Built1999Building Size-Lot Size0.68 AC / 29,620 SF

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$4,983

Property Taxes

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HOA Dues

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Property Information for 3205 Pacific Way

Summary
Location and General Information
  • Style: 52 - Duplex
  • Area: 409 - Pacific Way
  • Effective Year Built Source: Public Records
  • Directions: Pacific Way
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
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
  • Cooling: Yes
  • Cooling: Forced Air
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
Exterior Features
  • Exterior: Cement/Concrete
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 0
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Block
  • Zoning Remarks: Residential
  • First Right Of Refusal: false
  • Possible Use: Residential
  • MLS Square Footage Source: county
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1999
  • Photos Count: 5
Lot Information
  • Lot Size Source: County
  • Parcel Number Free Text: 048830101
  • Building Condition: Average
  • Calculated Square Footage: 4208
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4208.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 8
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 4800
  • Gross Adjusted Income: 6200
  • Gross Rent Multiplier: 13.44
  • Gross Scheduled Income: $74,400
  • Insurance Expense: $1,500
  • Net Operating Income: $74,400
  • Other Expenses: $0
  • Total Monthly Income: 6200
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 2104
  • Rent Unit 1: $3,100.00
  • Bedrooms Unit 1: 6
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 7
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 2104
  • Rent Unit 2: $3,100.00
  • Bedrooms Unit 2: 6
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 7
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4208.0

Property History for 3205 Pacific Way

DateEvent & SourcePriceAppreciation
Jun 17, 2026

Listed (Active)

NWMLS #2541624

$999,900—
Nov 23, 2015

Sold (Public Record)

Public Record #560733295

$350,000—
DateEvent & SourcePrice
06/17/2026

Listed (Active)

NWMLS #2541624

$999,900
11/23/2015

Sold (Public Record)

Public Record #560733295

$350,000

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

Public Records for 3205 Pacific Way

Taxable ValueLand$51,740Additions$366,820Total$418,560
Tax Record2025$3,480 ($290 / month)
Home Facts
Beds6Baths4Total Finished SqFt2,104 SqFtAbove Ground SqFt2,104 SqFtStories1Lot Size14,810 SqFtStyleSingle Family ResidenceYear Built1999CountyCOWLITZAPN048830101

Schools near 3205 Pacific Way

This home is within Longview School District.
Rating
School
Type
Grades
Distance
Columbia Valley Garden Elementary School
Public - K to 5
Cascade Middle School
Public - 6 to 8
Mark Morris High School
Public - 9 to 12
Longview Virtual Academy
Public - 6 to 12
Rating
School
Distance
Columbia Valley Garden Elementary School
PublicK to 5

Cascade Middle School
Public6 to 8

Mark Morris High School
Public9 to 12

Longview Virtual Academy
Public6 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.

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More information about 3205 Pacific Way, Longview, WA 98632

3205 Pacific Way is a multi-family home for sale in Longview, WA 98632. This property was listed for sale on June 17, 2026 by Cascade Hasson Sotheby's Int'l, it's currently listed at $999,900. It has been on the market for a total of 0 days and was last sold on November 23, 2015. This listing's school district is Longview School District. Nearby schools include Columbia Valley Garden Elementary School, Cascade Middle School and Mark Morris High School. 3205 Pacific Way is a 12-bed, 14-bath, 4,208 sqft multi-family home built in 1999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cascade Hasson Sotheby's Int'l

Based on information submitted to the MLS GRID as of 06/17/2026 11:45 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.