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29328133
29328158

303 E Broadway Ave, Montesano, WA 98563

$3,510,000
146 days on market
Updated 1 day ago

Bedford Townhomes

Details
APN 070700101300
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,300
Net Rentable (SqFt) 11,300
Units 10
Cap Rate 5.8%
NOI $203,633
Occupancy 100%
Price per SqFt $311
Broker Co-Op Yes
Class A
Year Built 2022
Buildings 1
Stories 2
Lot Size (SqFt) 22,753
Investment Type Owner/User
Ownership Fee Simple

10-Unit Townhome-Style Multifamily | Built 2022 | Low Maintenance | Rent Growth Upside | Ideal 1031

Marketing description

Modern 10-unit townhome-style multifamily asset built new in 2022 with no legacy construction concerns. Designed for operational efficiency with contemporary materials, systems, and layouts that support lower maintenance costs and long-term durability. Townhome configuration provides a competitive advantage in tenant appeal and retention.

Strategically located in Montesano, the county seat of Grays Harbor County, benefiting from stable employment drivers and limited comparable newer rental inventory competition. In-place rents are below replacement-cost benchmarks, presenting an opportunity for measured rent growth through turnover and lease renewals. An attractive option for 1031 exchange buyers or long-term investors seeking stability with built-in upside.

Investment highlights

  • Built New in 2022 – Modern Construction

  • Townhome-Style Units

  • Low Deferred Maintenance

  • Strong Tenant Demand Drivers

  • Rent Growth Potential Through Market Alignment

  • Turnkey 1031 Exchange Opportunity

  • County Seat Location with Stable Employment Base

  • 5 Units feature storage PLUS 2 car attached garages

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$203,633.00
$16,969.42/mo

Valuation Metrics

0
DSCR
5.8%
Cap Rate
5.8%
ROI

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