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MLS: #NWM2484253, Listed By: Paul Harrison, CB Cascade RE - Wenatchee, Source:NWMLS - Northwest Multiple Listing Service

616 Columbia Avenue

Bridgeport, WA 98813

$475,000 $2,002/Mo

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Overview

Bed

Bath

4,228

Sqft

0.42

Acre(Lot)

Description

Brand new roof on this Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a STRONG 12% Net Cap Rate and TREMENDOUS Gross Rent Multiplier of 6.35! New improvements include a brand new commercial-grade 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, credit bureaus, debt to income ratios, etc. Leases and Financials available upon request. No Seller Equity Contract Carry Terms will be accepted whatsoever.

Property Details

Property Type : Residential Income

Price : $475,000

AD Id : 75600117

MLS Id : NWM2484253

Lot Size : 0.42 Acre

Living Area Size : 4,228

Year Built : 1951

County : Douglas

Subdivision: Temple Crest

Map

What's Nearby

Nearby Areas

Features

Interior Features

Roof: See Remarks

Roofing Information

See Remarks
Flooring Information

Flooring: Vinyl Plank Construction Materials: Stucco
Heating & Cooling

Heating: Wall Furnace Has Heating: Yes Cooling: Window Unit(s) Has Cooling: Yes WaterSource: Public

Building Information

Year Built: 1951
Exterior Features

Stucco Construction Materials: Stucco Foundation Details: Poured Concrete

Lot Information

Lot Square Feet: 18295 Lot Acres: 0.42

Property Information

Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

Listing Price Information

Original List Price:$574900

Tax Information

Annual Tax: $1850 Tax Year: 2026 Parcel Number: 00202701300

Parking Information

Total Parking: 12

School Information

Elementary School: Bridgeport Elem Junior High School: Bridgeport Mid Senior High School: Bridgeport High
Utility Information

Sewer: Sewer Connected Water Source: Public
Location Information

Subdivision: Bridgeport City: Bridgeport Direction: Please use GPS navigation. Look for sign.

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ByOwner last updated this listing 06/23/2026 @ 06:20

MLS: NWMLS #2484253 LISTED BY: Paul Harrison, CB Cascade RE - Wenatchee 509-888-8887 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)