USAWALongviewPacific Way3205 Pacific Way
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$930,000

For Sale

11 days ago

3205 Pacific Way, Longview, WA

House

MLS® 2541624

0 Bed

0 Bath

--

8 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $3,300
Days Active 10
Lot Size 0.68 Acres
Approx. Age 1999
MLS® Number 2541624

Property Address: 3205 Pacific Way, Longview, WA, 98632-5430

Average square foot calculated using Size range provided by listing agent.

Description

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 regional demand base for licensed residential care. Sold as a package only. Ideal for 1031 exchange buyers or passive investors seeking yield in net-leased healthcare real estate without operational risk. Owner/Agent
MLS® Number2541624
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1999
Basement
Driveway
Garage Spaces
HeatForced Air
A/CForced Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 17, 2026List Date
$930,000List Price
  • Commute

Commute

Starting Address
Destination Address
3205 Pacific Way, Longview, WA

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