616 Columbia Avenue, Bridgeport, WA 98813

Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: paul harrison, christina knapp
Office: cb cascade - wenatchee
MLS#:2484253
Source:NWMLS
616 Columbia Avenue,Bridgeport, WA 98813
$574,900
  • - Beds
  • - Baths
  • 4,228 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$574,900
  • Price per sq. ft.:$135.97

About this home

Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a strong 9.8% Net Cap Rate and tremendous 7.75% Gross Rent Multiplier! New improvements include a brand new TPO roof, interior remodels to units, and new exterior paint. Low operating costs and cheap utilities make this a high-efficiency investment. With the building totaling 4,228 square feet of one-level living, this property also features a shared laundry room and large backyard which includes a versatile 416 square foot shop for storage or additional income. Located in a central area of Washington with stable rental demand. Ideal for investors seeking reliable cash flow and long-term upside. **Seller Financing Available** With reasonable financing terms from the Seller, you can acquire this great income-producing property AND keep the mortgage off your books, bureaus, ratios, etc. Leases and

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Home facts

  • Year built:1951
  • Listing ID #:2484253
  • Updated:February 25, 2026 at 10:01 PM

Rooms and interior

  • Living area:4,228 sq. ft.

Heating and cooling

  • Heating:Wall Unit(s)

Structure and exterior

  • Year built:1951
  • Building area:4,228 sq. ft.
  • Lot area:0.42 Acres

Schools

  • High school:Bridgeport High
  • Middle school:Bridgeport Mid
  • Elementary school:Bridgeport Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$574,900
  • Price per sq. ft.:$135.97
  • Tax amount:$1,850 (2026)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of February 25, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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