3205 Pacific Way, Longview, WA 98632

Longview
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
3205 Pacific Way,Longview, WA 98632
$930,000
  • - Beds
  • - Baths
  • 4,208 sq. ft.
  • Multi-family
  • Active
Listed by: travis newton
Office: cascade hasson sotheby's international realty360-419-5600
MLS#:751724166
Source:PORTLAND

Price summary

  • Price:$930,000
  • Price per sq. ft.:$221.01

About this home

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...

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Home facts

  • Year built:1999
  • Listing ID #:751724166
  • Added:1 day(s) ago
  • Updated:June 26, 2026 at 01:35 AM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:4,208 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1999
  • Building area:4,208 sq. ft.
  • Lot area:0.68 Acres
  • Lot Features:Level
  • Foundation Description:Concrete Perimeter
  • Levels:1 Story

Schools

  • High school:Other
  • Middle school:Other
  • Elementary school:Other

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$930,000
  • Price per sq. ft.:$221.01
  • Tax amount:$6,600 (2026)

Parking

  • Total parking spaces:8
  • Parking description:Paved
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Equinox are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: June 26, 2026

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