616 Columbia Avenue Bridgeport, WA 98813
Listing Courtesy of: MLS LogoNorthwest MLS / Coldwell Banker Cascade Real Estate / Paul Harrison / Christina Knapp

  616 Columbia Avenue Bridgeport, WA 98813

Active (145 Days)
$574,900 (USD)

Description

Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a strong 9.8% Net Cap Rate and tremendous 7.75% Gross Rent Multiplier! New improvements include a brand new TPO roof, interior remodels to units, and new exterior paint. Low 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 versatile 416 square foot shop for storage or additional income. 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, bureaus, ratios, etc. Leases and Financials available upon request.

MLS #:
2484253
Taxes
$1,850(2026)
Lot Size
0.42 acres
Type
Multifamily
Year Built
1951
Style
5-9 Units
School District
Bridgeport
County
Douglas County
Community
Bridgeport

Listed By

Paul Harrison, Coldwell Banker Cascade Real Estate
Christina Knapp, Coldwell Banker Cascade Real Estate
Source
Northwest MLS as distributed by MLS Grid
Last checked Mar 2 2026 at 3:10 AM GMT+0000
Bathroom Details
Subdivision
  • Bridgeport
Property Features
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Wall Unit(s)
Flooring
  • Vinyl Plank
Exterior Features
  • Stucco
  • Roof: See Remarks
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
School Information
  • Elementary School: Bridgeport Elem
  • Middle School: Bridgeport Mid
  • High School: Bridgeport High
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®
Disclaimer: Based on information submitted to the MLS GRID as of 3/1/26 19:10. All data is obtained from various sources and may not have been verified by Cascade Real Estate 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.