3205 PACIFIC WAY, Longview, WA 98632

  • $930,000

Overview

  • 4208 Sqft
    Property Size
  • 1999
    Year Built
  • MultiFamily
    Property Type
  • 751724166
    MLS#
  • 0.68 Acres
    Land Area
  • Cascade Hasson Sotheby's International Realty
    Office Name
  • Travis Newton
    Agent Name

Description

Twin NNN Leased Homes at 8% 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. 8% 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

Details

Updated on June 25, 2026 at 9:50 pm
  • MLS# 751724166
  • Price $930,000
  • Property Size 4208 Sqft
  • Land Area 0.68 Acres
  • Garage Size x x
  • Year Built 1999
  • Property Type MultiFamily
  • Property Status Active
  • Office Name Cascade Hasson Sotheby's International Realty
  • Agent Name Travis Newton
  • Office Phone 360-419-5600

Additional details

  • Listing Terms Cash, Other
  • Roof Composition
  • Sewer Public Sewer
  • Cooling Heat Pump
  • Heating Forced Air
  • County Cowlitz
  • Property Type MultiFamily
  • Parking Paved
  • Elementary School Other
  • Middle School Other
  • High School Other

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