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3205 Pacific Way, Longview, WA 98632

Longview
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: travis newton
Office: cascade hasson sotheby's int'l
MLS#:2541624
Source:NWMLS
3205 Pacific Way,Longview, WA 98632
$825,000
  • - Beds
  • - Baths
  • 4,208 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$825,000
  • Price per sq. ft.:$196.06

About this home

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

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Home facts

  • Year built:1999
  • Listing ID #:2541624
  • Updated:July 26, 2026 at 08:33 AM

Rooms and interior

  • Flooring:Laminate
  • Living area:4,208 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1999
  • Building area:4,208 sq. ft.
  • Lot area:0.68 Acres
  • Construction Materials:Cement/Concrete Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$825,000
  • Price per sq. ft.:$196.06
  • Tax amount:$3,300 (2026)

Parking

  • Total parking spaces:8
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of July 26, 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. NWMLS Member Broker: Vicki Monteagudo

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