Completely updated Tri-Plex in heart of old town Ridgefield. Walk to shops, restaurants, local small businesses. Exceptional Ridgefield school district and located in a high growth area of Clark County. Units are all on their own electrical panels and include new flooring, SS APPl, Granite, paint, tile shower surrounds, decking, siding, windows/doors, roofing, W/D, and more. Turn-Key investment opportunity with full occupancy at market rents. Do not disturb tenants.
Sold for $760,000 on 10/04/24
$760,000
115 S 3rd Ave, Ridgefield, WA 98642
5beds
4baths
3,000sqft
MultiFamily
Built in 1901
-- sqft lot
$-- Zestimate®
$253/sqft
$3,748 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,748/mo
Zestimate® history
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Owner options
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What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Forced air, Electric
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Range / Oven, Refrigerator, Washer
Features
- Flooring: Carpet, Hardwood
- Basement: Crawl Space
Interior area
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
Features
- Exterior features: Cement / Concrete
Lot
- Size: 5,000 sqft
- Features: Level
Details
- Parcel number: 068850000
- Zoning: CMU
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Foundation: Concrete
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1901
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Ridgefield
HOA & financial
Other financial information
- Total actual rent: 4285
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- RoadSurfaceType: Paved
- Appliances: Dishwasher, Refrigerator, Disposal, Washer/Dryer, Electric Water Heater, Range
- GarageYN: true
- Heating: Other
- HeatingYN: true
- Utilities: Electricity Connected
- NumberOfUnitsTotal: 3
- Roof: Composition
- LotFeatures: Level
- Basement: Crawl Space
- ConstructionMaterials: Cement Siding, Lap Siding
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Assigned, Garage
- RentIncludes: Water, Sewer, Maintenance Grounds
- Zoning: CMU
- PropertyCondition: Updated/Remodeled
- CapRate: 5.63
- TotalActualRent: 4285
- MlsStatus: Pending
- GrossIncome: 51420
- TaxAnnualAmount: 4463.61
- GrossScheduledIncome: 51420
- NetOperatingIncome: 37428
- OperatingExpense: 13992
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/4/2024 | Sold | $760,000+14.3%$253/sqft |
Source: Public Record | ||
| 1/20/2021 | Listing removed | -- |
Source:  RMLS (OR) | ||
| 1/18/2021 | Pending sale | $665,000$222/sqft |
Source: Realty Pro, Inc #20070656 | ||
| 1/12/2021 | Listed for sale | $665,000+2.3%$222/sqft |
Source: Realty Pro, Inc #20070656 | ||
| 1/2/2021 | Listing removed | -- |
Source: RMLS (OR) | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,803 +8.9% | $655,200 +2.2% |
| 2023 | $5,327 +13.3% | $640,800 +10% |
| 2022 | $4,703 -1.8% | $582,500 +15% |
Find assessor info on the county website
Neighborhood: 98642
Nearby schools
GreatSchools rating
- 8/10Union Ridge Elementary SchoolGrades: K-4Distance: 0.3 mi
- 6/10View Ridge Middle SchoolGrades: 7-8Distance: 2.4 mi
- 7/10Ridgefield High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Union Ridge
- Middle: View Ridge
- High: Ridgefield
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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