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616 Columbia Avenue, 
Bridgeport, WA 98813

$574,900


Bed


Bath


4,228

Sq Ft


Multi-Family

Active

Last updated:

March 5, 2026, 01:22 AM

MLS#

2484253

Source:

NWMLS

Company Logo

About This Home

616 Columbia Avenue

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.

Home Facts

Multi-Family

Built in 1951

Price Summary

574,900

$135 per Sq. Ft.

MLS #:

2484253

Last Updated:

March 5, 2026, 01:22 AM


Rooms & Interior

Interior

Living Area:

4,228 Sq. Ft.


Structure

Structure

Building Area:

4,228 Sq. Ft.

Year Built:

1951


Lot

Lot Size (Sq. Ft):

18,295


Finances & Disclosures

Finances

Price:

$574,900

Price per Sq. Ft:

$135 per Sq. Ft.

616 Columbia Avenue
MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of March 6, 2026. All data is obtained from various sources and may not have been verified by broker 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.