Listing provided courtesy of Riley Jackson Real Estate Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2466648
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Request Info303 E Broadway AvenueMontesano, WA 98563
Multi-Family · 15 Beds · 11,300 Sq. ft. | 0.52 Acres$3,510,000
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303 E Broadway Avenue Overview
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Built new in 2022, this 10-unit townhome-style multifamily asset offers the benefits investors seek in newer construction: modern building systems, attractive tenant layouts, and limited maintenance obligations. The property has been designed to promote strong tenant retention and efficient management. Located in Montesano, Washington, the governmental hub of Grays Harbor County, the property benefits from proximity to employment centers, services, and regional amenities. Current rents provide measured upside potential through future market adjustments, presenting investors with both stability and income growth prospects. An excellent fit for buyers pursuing durable, newer multifamily inventory or completing a 1031 exchange.
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303 E Broadway Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 11,300
- Price/Sq.ft. $311
- Lot 0.52 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Montesano
Green Features
- Green Energy Efficient: Thermal Windows
Income/Expenses
- Other Expense: 1542
- Electric Expense: 785
- Fuel Expense: 0
- Gross Scheduled Income: 256560
- Insurance Expense: 9108
- Net Operating Income: 203633
- Total Expenses: 50718
- Total Monthly Income: 21380
- Water/Sewer/Garbage: 17061
Building Information
- New Construction: No
- Year Built: 2022
Location/Region
- Country: US
- County Or Parish: Grays Harbor
- MLS Area Major: 203 - Montesano
- Subdivision Name: Montesano
Community/Development
- Amenities: Thermal Windows
Tax Information
- Tax Annual Amount: $22,222.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 070700101300
- Possible Use: Multi-Family,Residential
- Property Condition: Very Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 5
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 11300
- Building Area Units: Square Feet
- Calculated Square Footage: 11300
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 11300
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 2
Exterior
Parking Information
- Open Parking Spaces: 0
- Open Parking: No
- Parking Total: 5
- Parking Uncovered Spaces: 0
Lot Information
- Irrigation Water Rights: No
- Lot Features: Curbs, Paved, Sidewalk
- Lot Size Acres: 0.5223
- Lot Size Square Feet: 22753
- Lot Size Units: Square Feet
- Site Features: Cable TV, High Speed Internet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Cement Planked, Wood, Wood Products
- Number Of Units Total: 10
- Sewer: STEP Sewer
Unit Information
Unit 10 Details
- Actual Rent: 1795
- Beds Total: 1
- Baths Total: 1
Unit 6 Details
- Actual Rent: 1820
- Beds Total: 1
- Baths Total: 1
Unit 9 Details
- Actual Rent: 1845
- Beds Total: 1
- Baths Total: 1
Unit 7 Details
- Actual Rent: 1895
- Beds Total: 1
- Baths Total: 1
Unit 8 Details
- Actual Rent: 1895
- Beds Total: 1
- Baths Total: 1
Unit 5 Details
- Actual Rent: 2420
- Beds Total: 2
- Baths Total: 2
Unit 1 Details
- Actual Rent: 2420
- Beds Total: 2
- Baths Total: 2
Unit 3 Details
- Actual Rent: 2420
- Beds Total: 2
- Baths Total: 2
Unit 4 Details
- Actual Rent: 2450
- Beds Total: 2
- Baths Total: 2
Unit 2 Details
- Actual Rent: 2450
- Beds Total: 2
- Baths Total: 2
303 E Broadway Avenue Neighborhood
Community
98563 (Montesano) Demographics
46
Median Age
21
Population Density (per sq. mile)
32%
College Educated
$63,328
Estimated Median Income
2,474
Estimated Total Home Owners
675
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.303 E Broadway Avenue Monthly Cost
303 E Broadway Avenue Market Data
Based on the last 30 days in this zip code
$555,736
Average List Price
$268
Average Price per Square Foot
5
Properties Sold
118
Average Days on Market
48
Properties for Sale