Listing provided courtesy of Cascade Hasson Sotheby's Int'lNWMLSMLS# NWM2541624MLS Provider
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Twin NNN Leased Homes at 8% 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. 8% 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 stable regional demand base for licensed residential care. Sold as a package only. Ideal for 1031 exchange buyers or passive investors seeking yield in net-leased healthcare real estate without operational risk. Owner/Agent

Source: NWMLS, MLS#: NWM2541624

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  • Property Type
    Residential Income
  • Lot
    0.68 acres

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John Duerr

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  • Median Age
    40
  • Population Density
    382
  • College Educated
    28%
  • Estimated Median Income
    $51,188
  • Estimated Total Home Owners
    12,254
  • Estimated Total Renters
    8,588
  • Owner / Renter Divide
    59% / 41%
  • Estimated Average Household Size
    2
  • Total Population
    52,489
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 3205 Pacific Way


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/25/2026Source: NWMLS Price Reduction
$930,000 -7.0%
6/17/2026Source: NWMLS Added to Database
June 17, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021