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Provided by NWMLS, Listed by CB Cascade - Wenatchee
For Sale

616 Columbia Avenue

616 Columbia Avenue, Bridgeport, WA 98813
$574,900

Property Summary

  • 4,228 Sq.Ft. Living area
  • 0.42 Acres Lot

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.

Listing Contact

Features & Amenities

Interior

Flooring Vinyl Plank

Area & Lot

Status For Sale
Living area 4,228 Sq.Ft.
Total area 4,228 Sq.Ft.
Lot Size 0.42 Acres
MLS® ID 2484253
Type: Multi-Family
Year Built 1951
Elementary School Bridgeport Elem
Middle School Bridgeport Mid
High School Bridgeport High
School District Bridgeport

Exterior

Stories 1
Water Source Public
Roof See Remarks
Heat type Wall Unit(s)
Air conditioning Window Unit(s)
Sewer Sewer Connected
Substructure Poured Concrete
Other Exterior Features Stucco

Finance

SALES PRICE $574,900
REAL ESTATE TAXES $1,850/yr

Interior

Flooring Vinyl Plank

Area & Lot

Status For Sale
Living area 4,228 Sq.Ft.
Total area 4,228 Sq.Ft.
Lot Size 0.42 Acres
MLS® ID 2484253
Type: Multi-Family
Year Built 1951
Elementary School Bridgeport Elem
Middle School Bridgeport Mid
High School Bridgeport High
School District Bridgeport

Exterior

Stories 1
Water Source Public
Roof See Remarks
Heat type Wall Unit(s)
Air conditioning Window Unit(s)
Sewer Sewer Connected
Substructure Poured Concrete
Other Exterior Features Stucco

Finance

SALES PRICE $574,900
REAL ESTATE TAXES $1,850/yr
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 616 Columbia Avenue, Bridgeport, WA 98813. We are reviewing your request and will be in touch shortly!

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Work With Us

Our specialties include luxury homes, relocations, estate sales, and investment properties. With nearly 100 dedicated professionals across six offices in North Central Washington—Chelan, Goldendale, Oroville, Wenatchee, Winthrop, and Yakima—we offer unmatched local expertise and a powerful network to guide clients through every step of the real estate process. Backed by over 40 years of proven success and industry recognition, we deliver service rooted in integrity, excellence, and innovation.

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