202 Baltimore St $4,625,000

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    202 Baltimore St Longview, WA 98632

    Sold
    SOLD 11/15/2019

    $4,625,000

    Market Estimate
    • 0 Beds
    • 0 Baths
    • 47,676 sq.ft.
    • Multi-Family
    • Listing# 1492057
    Favorite Share
    Views: 139 Days On Market: 93

    Property Details

    Alder Terrace offers an investor the opportunity to improve & grow a seasoned apt complex. There are (3)1BD/1BA, (54)2BD/1BA, (7)3BD/1BA, single fam home, & onsite storage. This complex has 47,767 rentable SF w/ sep metered utilities. Located close to the industrial areas w/ access to I-5 & the Rainier Bridge. Market trends show great potential for rent increases w/ the lack of available housing.

    • General Features
      • County Cowlitz
      • Zoning Code Multi-Family
      • County Cowlitz
      • Lot Details Alley, Curbs, Dead End Street, Paved Street, Sidewalk
      • Lot Square Footage 92,645
      • Number of Stories 2
      • Number of Units 65
      • Style 56-10+ Units
      • Year Built 1943
    • Building Features
      • Roof Torch Down
      • Exterior Metal/Vinyl
      • Amenities Storage, See Remarks
      • Approx SqFt 47,676
      • Floor Covering Vinyl, Wall to Wall Carpet
      • Foundation Concrete Block
    • Financials
      • Total Monthly Income $49,750
      • Net Operating Income $356,872
      • Gross Scheduled Income $597,450
      • Gross Adjusted Income $567,600
      • Total Expenses $210,728
      • Other Expenses $152,929
      • Insurance Expenses $18,672
      • Expenses $210,728
      • Heating Expenses $0
      • Electrical Expenses $6,905
      • Gross Rent Multiplier 8
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $23,133
      • Energy Source Electric
      • Heating and Cooling Baseboard, Forced Air
      • Water Company City of Longview
      • Sewer Company Sewer Connected
    • Schools
      • School District Longview

    Neighborhood

    98632 (Longview) Demographics

    42 Median Age
    375 Population Density (per sq. mile)
    26% College Educated
    $41,824 Estimated Median Income
    11,532 Estimated Total Home Owners
    8,053 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    48,512 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $275,250 Median Sales Price
    60 Homes Sold
    93 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        11/15/2019 12:00:00 AM Sold Source New Value: $4,625,000
        9/6/2019 6:41:25 PM Status Changed Source New Value: Pending

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        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.