401 4th St, Davenport, WA 99122

$479,900 Active MLS® 202610183 Multi Family Home
ActiveMLS® 202610183
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401 4th St, Davenport, WA 99122 photo
Multi Family Home
MLS® 202610183
$479,900
401 4th St, Davenport, WA 99122
0.34 Acres 3,087 Sq.Ft. Built 1900
Description

Short Term Seller Carry Option! - PROFITABLE 4-PLEX – 8.70% CAP RATE. This is a low-maintenance addition to any portfolio. Key capital improvements include updated electrical and individual gas or electric heat sources for all four units. Perfectly situated on a spacious corner lot, this property is just a short stroll from downtown Davenport and local schools. The home offers incredible versatility with a 2-car garage—ideal for supplemental rental income—plus RV and off-street parking. Residents can enjoy a vibrant outdoor lifestyle featuring an oversized green space, a community garden, and a cozy fire-pit. High-performing multi-family asset in Davenport, WA. CAP Rate based on verified 2025 expense data and $60,600 in gross annual income. (1) 2BR/2BA, (1) 2BR/1BA, and (2) 1BR/1BA. All units currently feature all-inclusive rents, providing a simplified management structure and a high demand "one bill" option for tenants. Showings are subject to an accepted offer to respect tenant privacy.

Interior features
  • Air conditioning Window Unit(s)
  • Basement description Partially Finished, Laundry, Walk-Out Access
  • Lot dimension 0.34
  • Lot description Treed, Corner Lot, City Bus (w/in 6 blks), Oversized Lot, Fencing
Exterior features
  • View Territorial
  • Lot dimension 0.34
  • Lot description Treed, Corner Lot, City Bus (w/in 6 blks), Oversized Lot, Fencing
  • Roofing materials Composition

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