3205 PACIFIC WAY, Longview, WA 98632
- $930,000
3205 PACIFIC WAY, Longview, WA 98632
- $930,000
Overview
- 4208 Sqft
- 1999
- MultiFamily
- 751724166
- 0.68 Acres
- Cascade Hasson Sotheby's International Realty
- Travis Newton
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
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Price $930,000
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Property Size 4208 Sqft
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Land Area 0.68 Acres
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Garage Size x x
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Year Built 1999
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Property Type MultiFamily
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Property Status Active
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Office Name Cascade Hasson Sotheby's International Realty
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Agent Name Travis Newton
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Office Phone 360-419-5600
Additional details
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Listing Terms Cash, Other
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Roof Composition
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Sewer Public Sewer
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Cooling Heat Pump
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Heating Forced Air
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County Cowlitz
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Property Type MultiFamily
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Parking Paved
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Elementary School Other
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Middle School Other
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High School Other
Walkscore
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Contact Information
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