3205 PACIFIC WAY, Longview, WA 98632
3205 PACIFIC WAY, Longview, WA 98632
3205 PACIFIC WAY, Longview, WA 98632
3205 PACIFIC WAY, Longview, WA 98632
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Robin Moore Schierscher

Robin Moore Schierscher

+1(360) 957-1059
Listed by Cascade Hasson Sotheby's International Realty
$ 825,000
Est. payment | /mo

4,208 SqFt

Save
$ 825,000
Est. payment | /mo
Save

4,208 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,208 sqft

Price per Sqft $196

Subdivision Pacific Way

MLS Listing ID 751724166

Year Built 1999

Annual Tax Amount $6,600

Tax Year 2026

Lot Size 0.680 Acres

Property Description

Twin NNN Leased residential Homes at 9% CAP rate! 3205 & 3215 Pacific Way, Longview, WA. Rare package offering two identical, 6-bedroom homes. Both on NNN leases at $3,100/month each ($74,400 combined annual NOI) — approx. 9% 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 tenants master lease to 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 use. New roofs on both buildings (2019) minimize near-term capital needs. Sold as a package only. Ideal for 1031 exchange buyers or passive investors seeking yield in net-leased real estate without operational risk. Owner/Agent

Location

State WA

County Cowlitz

Area _82

Zoning res

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling Heat Pump

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Other

Middle Schools Other

High Schools Other

Others

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Regional Multiple Listing Service (RMLS)

Nearby Locations

Robin Moore Schierscher

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 957-1059

robin@suresureknowsrealestate.com

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3205 PACIFIC WAY