Rockhood
$475,000List price
Pending

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 School
SchoolDigger 1 star · Top 72% in WA

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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.