616 Columbia Avenue · Bridgeport, WA 98813
Source: NWMLS · CB Cascade RE - Wenatchee · Paul Harrison #NWM2484253
About this home
Brand new roof on this Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a STRONG 12% Net Cap Rate and TREMENDOUS Gross Rent Multiplier of 6.35! New improvements include a brand new commercial-grade 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, credit bureaus, debt to income ratios, etc. Leases and Financials available upon request. No Seller Equity Contract Carry Terms will be accepted whatsoever.
Location
Basics
- Property type
- Multi Family
- Style
- 5-9 Units
- Stories
- 1 story
- Condition
- Updated/Remodeled
- Year built
- 1951
- Building area
- 4,228 sq ft
- Lot size
- 18,295 sq ft (0.42 acres)
- County
- Douglas
- MLS #
- NWM2484253
Interior
- Heating
- Wall Furnace
- Cooling
- Window Unit(s)
- Flooring
- Vinyl Plank
Exterior & lot
- Exterior features
- Stucco
- Roof
- See Remarks
- Foundation
- Poured Concrete
- Waterfront
- No
Parking
- Parking spaces
- 12
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Bridgeport
- Property tax
- $1,850 (2026)
Transaction
- Original list price
- $574,900 (17.4% price cut)
- Listed on
- Feb 24, 2026
- Days on market
- 267
- Listing terms
- Cash, Conventional, Owner Will Carry
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Schools
School district: Bridgeport
- Elementary
- Bridgeport Elem
- Middle
- Bridgeport Mid
- High
- Bridgeport High SchoolSchoolDigger 1 star · Top 72% in WA

Listing provided courtesy of: CB Cascade RE - Wenatchee
Listing agent: Paul Harrison.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-07-30.