$475,000
 $2,550 est/mo Sourced by Back At You

616 Columbia Avenue,Bridgeport, WA 98813

Bridgeport, WA 98813

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Description

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 11.3% Net Cap Rate and TREMENDOUS Gross Rent Multiplier of 6.7! 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.

Details

MLS #2484253
Listing TypeFor Sale
Sub-TypeResale
StatusPending Feasibility
Year1951
Days On Site212
Listing Provided ByCB Cascade RE - Wenatchee | Paul Harrison

Features

SQ Feet4,228
Story(s)1
Units7
Acreage0.42

Taxes

Property1850

Area Information

StateWA
CountyDouglas
CityBridgeport
Zip Code98813
Area968 Bridgeport
Community NameBridgeport
School DistrictBridgeport High
Elementary SchoolBridgeport Elem
High SchoolBridgeport High
Listing VS Median (in Bridgeport)
Price:
$475,000
low | high
Med:
$837,450
26.305263157895% of Average
sqft:
4,228
low | high
Med:
2,130
99.621570482498% of Average
$ / sqft:
$112
low | high
Med:
$942
100% of Average
On site:
212
low | high
Med:
311
68.167202572347% of Average
Sourced by Back At You

Market Activity 98813

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Learn More About This Property

StateWA
CountyDouglas
CityBridgeport
Zip Code98813
Area968 Bridgeport
Community NameBridgeport
School DistrictBridgeport High
Elementary SchoolBridgeport Elem
High SchoolBridgeport High
Listing VS Median (in Bridgeport)
Price:
$475,000
low | high
Med:
$837,450
26.305263157895% of Average
sqft:
4,228
low | high
Med:
2,130
99.621570482498% of Average
$ / sqft:
$112
low | high
Med:
$942
100% of Average
On site:
212
low | high
Med:
311
68.167202572347% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $356K - $593K
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
1307 Jefferson Avenue Property Photo 1
$875,000
1307 Jefferson Avenue
Bridgeport, WA 98813
Listing Updated: September 22, 2026 at 5:02:40 PM PDT