303 E Broadway Avenue, Montesano, WA 98563
- $3,510,000
- 11,300
- SqFt
Listing courtesy of Riley Jackson Real Estate Inc..
- List Price
- $3,510,000
- Status
- ACTIVE
- MLS#
- 2466648
- Price Change
- ▼ $10,000 1772864047
- Days on Market
- 200
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Finished SqFt
- 11,300
- Area Total SqFt
- 11300
- Annual Tax Ammount
- 22222
- Lot Size (sq ft)
- 22,753
- Sewer
- STEP Sewer
Property Description
Built new in 2022, this 10-unit townhome-style multifamily asset offers the benefits investors seek in newer construction: modern building systems, attractive tenant layouts, and limited maintenance obligations. The property has been designed to promote strong tenant retention and efficient management. Located in Montesano, Washington, the governmental hub of Grays Harbor County, the property benefits from proximity to employment centers, services, and regional amenities. Current rents provide measured upside potential through future market adjustments, presenting investors with both stability and income growth prospects. An excellent fit for buyers pursuing durable, newer multifamily inventory or completing a 1031 exchange.
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Additional Information
- List Date
- 2026-01-09 22:10:43
- Community
- Montesano
- Net Operating Income
- $203,633
- Gross Adjusted Income
- $254,351
- Gross Scheduled Income
- $256,560
- Total Monthly Income
- $21,380
- Insurance Expenses
- $9,108
- Water/Sewer/Garbage Expenses
- $17,061
- Gross Rent Multiplier
- 13.7
- Total Expenses
- $50,718
- Cap Rate
- 5.79
- Vacancy Rate
- 1
- Total Number of Units
- 10
- Unit Name
- 303
- Potential Terms
- Cash, Conventional
- Year Built
- 2022
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet
- Electric Expenses
- 785
- Other Expenses
- 1542
- Energy Source
- Electric
- School District
- Montesano
- Total Monthly Income
- $21,380
- Gross Scheduled Income
- $256,560
- Vacancy Rate
- 1
- Gross Adjusted Income
- $254,351
- Tax Year
- 2025
- Insurance Expense
- $9,108
- W/S/G Expenses
- $17,061
- Total Expenses
- $50,718
- Net Operating Income
- $203,633
- Gross Rent Multiplier
- 13.7
- Cap Rate
- 5.79
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.