157 Nevada Drive Unit #A-H, Longview, WA 98632
- $1,899,999
- 8,744
- SqFt
Listing courtesy of John L. Scott, Inc..
- List Price
- $1,899,999
- Status
- ACTIVE
- MLS#
- 2519575
- Price Change
- ▼ $99,001 1781305249
- Days on Market
- 81
- Style
- 55 - 5-9 Units
- Finished SqFt
- 8,744
- Area Total SqFt
- 8744
- Annual Tax Ammount
- 14009
- Lot Size (sq ft)
- 39,243
- Sewer
- Sewer Connected
Property Description
Well maintained 8 Plex. 4 separate townhouse duplex units each on its own tax parcel. Units are approx 1093 square feet with 2 bedrooms, 1.5 baths, Vaulted ceilings, walk in closets and washer/dryer hookups. Each unit has a carport and 2 storage rooms. Private courtyards. Recent updates include Painting, New Roofs, Updated windows and flooring. 32x40 garage/shop with 200 amp service and a loft with 1/2 bath also on the property currently used for income and partially owner occupied. Four tax parcels are included in the sale. Most of the units are private and secluded set back off the road in a quiet wooded setting. Rents will be increased for 7 of the 8 units in September reflecting cap rate of over 5%.
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Additional Information
- List Date
- 2026-05-09 01:44:10
- Community
- Columbia Heights
- Net Operating Income
- $102,998
- Gross Adjusted Income
- $156,552
- Gross Scheduled Income
- $156,552
- Total Monthly Income
- $12,750
- Insurance Expenses
- $5,264
- Water/Sewer/Garbage Expenses
- $9,378
- Gross Rent Multiplier
- 13.71
- Total Expenses
- $53,554
- Cap Rate
- 5
- Total Number of Units
- 9
- Unit Name
- 157
- Potential Terms
- Cash, Conventional
- Year Built
- 1978
- View
- Territorial
- Roof
- Composition
- Other Expenses
- 24903
- Energy Source
- Electric
- School District
- Kelso
- Elementary School
- Lexington Elementary
- Middle School
- Huntington Jnr High
- High School
- Kelso High
- Total Monthly Income
- $12,750
- Gross Scheduled Income
- $156,552
- Gross Adjusted Income
- $156,552
- Tax Year
- 2025
- Insurance Expense
- $5,264
- W/S/G Expenses
- $9,378
- Total Expenses
- $53,554
- Net Operating Income
- $102,998
- Gross Rent Multiplier
- 13.71
- Cap Rate
- 5
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.