3205 Pacific WAY, Longview, WA 98632
See all 5 photos
3205 Pacific WAY, Longview, WA 98632
3205 Pacific WAY, Longview, WA 98632
3205 Pacific WAY, Longview, WA 98632
3205 Pacific WAY, Longview, WA 98632
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Marcel Dolak

Marcel Dolak

+1(425) 466-5870
Listed by:Cascade Hasson Sotheby's Int'l • Travis Newton
$ 999,900
Est. payment /mo
Save
New

3205 Pacific WAY Longview, WA 98632

12 Beds

14 Baths

4,208 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,208 sqft

Price per Sqft $237

Subdivision Pacific Way

MLS Listing ID 2541624

Style 52 - Duplex

Bedrooms 12

Year Built 1999

Annual Tax Amount $3,300

Lot Size 0.680 Acres

Property Sub-Type Multi Family

Property Description

Twin NNN Leased Care Homes at 7.44% 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. 7.44% 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

Location

State WA

County Cowlitz

Area 409 - Pacific Way

Interior

Flooring Laminate

Fireplace false

Exterior

Exterior Feature Cement/Concrete

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Longview

Others

Senior Community No

Acceptable Financing Cash, Conventional, See Remarks

Listing Terms Cash, Conventional, See Remarks

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

Marcel Dolak

Marcel Dolak

Owner | Private Office Advisor | Global Real Estate Advisor | License ID: 28065

+1(425) 466-5870

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Marcel Dolak, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

3205 Pacific WAY