616 Columbia Avenue, Bridgeport, WA 98813 (MLS # 2484253)

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Listing provided courtesy of Northwest MLS; CB Cascade - Wenatchee

PRICE $574,900
BEDS 0
BATHS 0
HOME SIZE 4,228 sqft
LOT SIZE 18,296 sqft
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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.

LAST UPDATED 2/24/2026 TRACT Bridgeport
YEAR BUILT 1951 COMMUNITY Bridgeport
COUNTY Douglas STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Bridgeport Elem
Jr. High School Bridgeport Mid
High School Bridgeport High


ADDITIONAL DETAILS
AIR Window Unit(s)
AIR CONDITIONING Yes
AREA 968 - Bridgeport
CONSTRUCTION Stucco
HEAT Electric
LOT 0.42 acre(s)
MLS STATUS Active
STORIES 1
STYLE 55 - 5-9 Units
SUBDIVISION Bridgeport
TAXES 1850
UTILITIES Sewer Connected
WATER Public

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2/25/26 8:45 AM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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