Metaline Falls WA Multi Family for Sale
$3,200,000
101 W 4th Ave Metaline Falls, WA 99153
- Type:
- Rental/Lease
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1953
- Baths:
- MLS#:
- 202416427
ADDITIONAL INFORMATION
Your rare opportunity to own a 57 unit, five story apartment building! Property has 29 one bedroom, 18 studio and 10 two bedroom units, all with single bathrooms, and full basement with community laundry, bathrooms, and rec area. All floors accessible by elevator, and each unit has the opportunity to be individually metered. Each room is serviced by electric heat, and newer vinyl thermo pane windows have been installed throughout the building. The units are very spacious, clean and well maintained. The building is a concrete and brick structure that was originally started in 1929 as two levels, and the additional top 3 levels were added in the early 1950's. Property currently has over a 7.3% cap rate, with a projected 8%+ cap rate in 2024! The building is serviced by the local PUD utility.
Metaline Falls Real Estate
The median home value in Metaline Falls, WA is $220,000. This is lower than the county median home value of $346,800. The national median home value is $338,100. The average price of homes sold in Metaline Falls, WA is $220,000. Approximately 28.97% of Metaline Falls homes are owned, compared to 35.05% rented, while 35.98% are vacant. Metaline Falls real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Metaline Falls real estate agent to arrange a tour today!
Metaline Falls, Washington has a population of 247. Metaline Falls is more family-centric than the surrounding county with 25.42% of the households containing married families with children. The county average for households married with children is 20.5%.
The median household income in Metaline Falls, Washington is $26,719. The median household income for the surrounding county is $59,134 compared to the national median of $69,021. The median age of people living in Metaline Falls is 56.7 years.
Metaline Falls Weather
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 21.4 degrees. The average rainfall is approximately 27.2 inches per year, with 57.4 inches of snow per year.