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Sarah Hoverson

sarah.hoverson@exprealty.com +1(406) 690-8080

Listed by Kimberly Dailey • John L Scott, Inc.

$ 479,900

Est. payment | -/mo

3,087 SqFt

Save Virtual Tour

$ 479,900

Est. payment | -/mo

Save Virtual Tour

3,087 SqFt

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 3,087 sqft

Price per Sqft $155

MLS Listing ID 202610183

Style Other

Year Built 1900

Lot Size 0.340 Acres

Lot Dimensions 0.34

Property Sub-Type Residential Income

Property 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.

Location

State WA

County Lincoln

Rooms

Basement Partially Finished, Laundry, Walk-Out Access

Interior

Interior Features Hot Water

Heating Natural Gas, Electric, Forced Air

Cooling Window Unit(s)

Appliance Free-Standing Range, Refrigerator

Exterior

Parking Features Detached, RV Access/Parking, Off Site, Shared Driveway

Garage Spaces 1.0

Amenities Available Laundry, See Remarks

View Y/N true

View Territorial

Roof Type Composition

Building

Lot Description Treed, Corner Lot, City Bus (w/in 6 blks), Oversized Lot, Fencing

Architectural Style Other

Structure Type Steel Frame,Vinyl Siding

Schools

School District Davenport

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash, Owner Financing

Listing Terms FHA, VA Loan, Conventional, Cash, Owner Financing

Virtual Tour https://site.grandshowing.com/401-4th-St

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(406) 690-8080

sarah.hoverson@exprealty.com

401 4th St Davenport, WA 99122