Active · Residential Income

616 Columbia Avenue , Bridgeport, WA 98813

Bridgeport, WA 98813

$475,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by CB Cascade RE - Wenatchee · MLS #2484253 · Active

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About this property

Brand new roof on this Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this seven-unit apartment complex offers impressive returns with a strong 9.8% Net Cap Rate and Gross Rent Multiplier of 7! New improvements include a brand new commercial-grade TPO roof, interior remodels to three units, and new exterior paint. Lower 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 massive garden the tenants tend to. 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, credit bureaus, debt to income ratios, etc. Leases and Financials available upon request. No Seller Equity Contract or Seller as Secondary Lein position Terms will be accepted whatsoever.

Property details

Property type: Multi Family
Year built: 1951
Lot size: 18,295 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $1,850 (2026)
Parking spaces: 12
School district: Bridgeport

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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