3205 Pacific Way, Longview, WA 98632

Longview
Local realty services provided by:Knipe Realty ERA Powered
Listed by: travis newton
Office: cascade hasson sotheby's int'l
MLS#:2541624
Source:NWMLS
3205 Pacific Way,Longview, WA 98632
$999,900
  • - Beds
  • - Baths
  • 4,208 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$999,900
  • Price per sq. ft.:$237.62

About this home

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...

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Home facts

  • Year built:1999
  • Listing ID #:2541624
  • Updated:June 18, 2026 at 06:43 PM

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:$999,900
  • Price per sq. ft.:$237.62
  • Tax amount:$3,300 (2026)

Parking

  • Total parking spaces:8
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