304 NW 14th St NW #207 · Long Beach, WA 98631

$45,000

1 bd · 2.0 ba · 682 sqft · Condo · 325 Days on market

Built 1974 $600/mo HOA · 40% of rent

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This great second-floor condo is nicely appointed with a new queen size bed, leather sofa and recliner with great views of the dunes and ocean beyond! There are so many amenities at Chataqua Lodge to include the indoor swimming pool and hot tub; outside there's a fish-cleaning station, dog-wash station, wind-protected firepit area, horseshoe pit, pickle ball court, complimentary bikes to ride, conference center, RV parking AND the fully renovated Chataqua Lodge Restaurant is re-opening in July. The scenic Lewis & Clark Discovery Trail is literally right outside the building, a great place to stroll or ride a bike! There's an elevator to the second and third floors so bringing in your stuff is easy! The lodge has undergone a ton of improvements and the amenities are vast! Do not miss your opportunity to own a piece of the iconic Chataqua Lodge! Owner usage limited to 21 days/mo, 2 weekends monthly July-August, 3 weekends every other month, 2 event weekends. Usage fee included in HOA dues. 7 housekeeping credits included in HOA dues

Key facts

• Firepit area
• Hot tub
• Indoor swimming pool

Tags

• INDOOR SWIMMING POOL
• HOT TUB
• FISH-CLEANING STATION
• DOG-WASH STATION
• FIREPIT AREA
• HORSESHOE PIT

Property features AI

Finance

• Other: Building name: Chautauqua; Calculated building area: 682 square feet; Has view from unit
• Financial info: Listing terms: cash
• HOA & community: Monthly association fee of $600; Association covers central hot water, common area maintenance, concierge, lawn service, road maintenance, sewer, trash and water; Community amenities: clubhouse, elevator, indoor pool, hot tub, sauna, laundry room, lobby entrance; Community has 60 units

Exterior

• Parking: Off-street parking; RV parking; RV parking available in community
• Utilities: Electric service; Central hot water (included in association fee); Water and sewer (included in association fee)
• Home design: Attached condominium; One-level unit on the 2nd floor; Condo (1 level) style; Multi-family building (Chautauqua), 3 stories total
• Construction: Cement plank construction; Flat roof
• Exterior features: Cement plank exterior; Balcony/Deck/Patio; Unit view

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Kitchen with eating space
• Bedrooms: 1 bedroom on the main level
• Flooring: Laminate; Carpet
• Bathrooms: 2 full bathrooms (both on the main level); Primary bath
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Electric cooking; Fireplace (electric)
• Laundry & utility: Laundry room (building/common)

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath condo listed at $45k.

Deal economics

• At list price, monthly cash flow is $263 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.3% vs local median 3.0% in Long Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#133 in WA, #2,635 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, crime A-, amenities A-; Watch: employment C-, commute F.
• Ocean Beach School District (rural): math 34% / reading 50% proficiency, ranked #212 of 291 in WA (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Long Beach Elementary School (221 students, 80% FRL); Hilltop Elementary School (236 students, 70% FRL); Ilwaco High School (296 students, 64% FRL) — zoned schools average 72% FRL vs 56% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 122 active listings in the ZIP; 90 units permitted in Pacific County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Pacific County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 325 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y ago; this cycle's ask has dropped $20k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $36k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 40% of rent.

Recommended offer $39,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 325 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 3.30% ✓
• Cap rate: 13.30%
• Cash-on-cash: 25.03%
• DSCR: 2.11
• GRM: 2.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.1%
• Equity multiple: 1.78×
• Total profit: $9,840
• Equity at exit: $6,710

10-year hold

• IRR: 27.8%
• Equity multiple: 3.52×
• Total profit: $31,714
• Equity at exit: $3,891

Cash invested: $12,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 28 Tenant-Leaning
• State Washington: 28 Tenant-Leaning · D+8
• County: — inherits STATE
• City: — inherits STATE

Just-cause statewide (2021); Seattle layers rent control restrictions + relocation assistance; very tenant-friendly.

Methodology + full state rankings →

ZIP-level market 98631

• Home prices YoY: -17.6%
• Active inventory: 122
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,486 medium
• Mortgage (P&I): −$236
• Tax est. 1.5%: −$56 /mo · $675/yr
• Insurance: −$19
• HOA: −$600
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $263

Break-even live

Break-even rent $1,153

Max offer price $45,000

Occupancy floor 77%

Sensitivity live

Price	-10% $294	-5% $278	+0% $263	+5% $247	+10% $232
Rent	-10% $145	-5% $204	+0% $263	+5% $322	+10% $380
Rate	-1.0pp $286	-0.5pp $274	base $263	+0.5pp $251	+1.0pp $239

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $600 · $7,200/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-05-03
   status Pending

   Show marketing remark (1053 chars)

   This great second-floor condo is nicely appointed with a new queen size bed, leather sofa and recliner with great views of the dunes and ocean beyond! There are so many amenities at Chataqua Lodge to include the indoor swimming pool and hot tub; outside there's a fish-cleaning station, dog-wash station, wind-protected firepit area, horseshoe pit, pickle ball court, complimentary bikes to ride, conference center, RV parking AND the fully renovated Chataqua Lodge Restaurant is re-opening in July. The scenic Lewis & Clark Discovery Trail is literally right outside the building, a great place to stroll or ride a bike! There's an elevator to the second and third floors so bringing in your stuff is easy! The lodge has undergone a ton of improvements and the amenities are vast! Do not miss your opportunity to own a piece of the iconic Chataqua Lodge! Owner usage limited to 21 days/mo, 2 weekends monthly July-August, 3 weekends every other month, 2 event weekends. Usage fee included in HOA dues. 7 housekeeping credits included in HOA dues

2. 2026-05-03
   status Pending 1053-char remark

   Show marketing remark (1053 chars)

   This great second-floor condo is nicely appointed with a new queen size bed, leather sofa and recliner with great views of the dunes and ocean beyond! There are so many amenities at Chataqua Lodge to include the indoor swimming pool and hot tub; outside there's a fish-cleaning station, dog-wash station, wind-protected firepit area, horseshoe pit, pickle ball court, complimentary bikes to ride, conference center, RV parking AND the fully renovated Chataqua Lodge Restaurant is re-opening in July. The scenic Lewis & Clark Discovery Trail is literally right outside the building, a great place to stroll or ride a bike! There's an elevator to the second and third floors so bringing in your stuff is easy! The lodge has undergone a ton of improvements and the amenities are vast! Do not miss your opportunity to own a piece of the iconic Chataqua Lodge! Owner usage limited to 21 days/mo, 2 weekends monthly July-August, 3 weekends every other month, 2 event weekends. Usage fee included in HOA dues. 7 housekeeping credits included in HOA dues

3. 2026-03-31
   price $45,000

   Show marketing remark (1053 chars)

   This great second-floor condo is nicely appointed with a new queen size bed, leather sofa and recliner with great views of the dunes and ocean beyond! There are so many amenities at Chataqua Lodge to include the indoor swimming pool and hot tub; outside there's a fish-cleaning station, dog-wash station, wind-protected firepit area, horseshoe pit, pickle ball court, complimentary bikes to ride, conference center, RV parking AND the fully renovated Chataqua Lodge Restaurant is re-opening in July. The scenic Lewis & Clark Discovery Trail is literally right outside the building, a great place to stroll or ride a bike! There's an elevator to the second and third floors so bringing in your stuff is easy! The lodge has undergone a ton of improvements and the amenities are vast! Do not miss your opportunity to own a piece of the iconic Chataqua Lodge! Owner usage limited to 21 days/mo, 2 weekends monthly July-August, 3 weekends every other month, 2 event weekends. Usage fee included in HOA dues. 7 housekeeping credits included in HOA dues

4. 2026-03-31
   price $45,000 1053-char remark

   Show marketing remark (1053 chars)

   This great second-floor condo is nicely appointed with a new queen size bed, leather sofa and recliner with great views of the dunes and ocean beyond! There are so many amenities at Chataqua Lodge to include the indoor swimming pool and hot tub; outside there's a fish-cleaning station, dog-wash station, wind-protected firepit area, horseshoe pit, pickle ball court, complimentary bikes to ride, conference center, RV parking AND the fully renovated Chataqua Lodge Restaurant is re-opening in July. The scenic Lewis & Clark Discovery Trail is literally right outside the building, a great place to stroll or ride a bike! There's an elevator to the second and third floors so bringing in your stuff is easy! The lodge has undergone a ton of improvements and the amenities are vast! Do not miss your opportunity to own a piece of the iconic Chataqua Lodge! Owner usage limited to 21 days/mo, 2 weekends monthly July-August, 3 weekends every other month, 2 event weekends. Usage fee included in HOA dues. 7 housekeeping credits included in HOA dues

5. 2025-10-01
   price $50,000 1053-char remark

   Show marketing remark (1053 chars)

   This great second-floor condo is nicely appointed with a new queen size bed, leather sofa and recliner with great views of the dunes and ocean beyond! There are so many amenities at Chataqua Lodge to include the indoor swimming pool and hot tub; outside there's a fish-cleaning station, dog-wash station, wind-protected firepit area, horseshoe pit, pickle ball court, complimentary bikes to ride, conference center, RV parking AND the fully renovated Chataqua Lodge Restaurant is re-opening in July. The scenic Lewis & Clark Discovery Trail is literally right outside the building, a great place to stroll or ride a bike! There's an elevator to the second and third floors so bringing in your stuff is easy! The lodge has undergone a ton of improvements and the amenities are vast! Do not miss your opportunity to own a piece of the iconic Chataqua Lodge! Owner usage limited to 21 days/mo, 2 weekends monthly July-August, 3 weekends every other month, 2 event weekends. Usage fee included in HOA dues. 7 housekeeping credits included in HOA dues

6. 2025-10-01
   price $50,000

   Show marketing remark (1053 chars)

   This great second-floor condo is nicely appointed with a new queen size bed, leather sofa and recliner with great views of the dunes and ocean beyond! There are so many amenities at Chataqua Lodge to include the indoor swimming pool and hot tub; outside there's a fish-cleaning station, dog-wash station, wind-protected firepit area, horseshoe pit, pickle ball court, complimentary bikes to ride, conference center, RV parking AND the fully renovated Chataqua Lodge Restaurant is re-opening in July. The scenic Lewis & Clark Discovery Trail is literally right outside the building, a great place to stroll or ride a bike! There's an elevator to the second and third floors so bringing in your stuff is easy! The lodge has undergone a ton of improvements and the amenities are vast! Do not miss your opportunity to own a piece of the iconic Chataqua Lodge! Owner usage limited to 21 days/mo, 2 weekends monthly July-August, 3 weekends every other month, 2 event weekends. Usage fee included in HOA dues. 7 housekeeping credits included in HOA dues

7. 2025-08-12
   price $55,000 1053-char remark

   Show marketing remark (1053 chars)

   This great second-floor condo is nicely appointed with a new queen size bed, leather sofa and recliner with great views of the dunes and ocean beyond! There are so many amenities at Chataqua Lodge to include the indoor swimming pool and hot tub; outside there's a fish-cleaning station, dog-wash station, wind-protected firepit area, horseshoe pit, pickle ball court, complimentary bikes to ride, conference center, RV parking AND the fully renovated Chataqua Lodge Restaurant is re-opening in July. The scenic Lewis & Clark Discovery Trail is literally right outside the building, a great place to stroll or ride a bike! There's an elevator to the second and third floors so bringing in your stuff is easy! The lodge has undergone a ton of improvements and the amenities are vast! Do not miss your opportunity to own a piece of the iconic Chataqua Lodge! Owner usage limited to 21 days/mo, 2 weekends monthly July-August, 3 weekends every other month, 2 event weekends. Usage fee included in HOA dues. 7 housekeeping credits included in HOA dues

8. 2025-08-12
   price $55,000

   Show marketing remark (1053 chars)

   This great second-floor condo is nicely appointed with a new queen size bed, leather sofa and recliner with great views of the dunes and ocean beyond! There are so many amenities at Chataqua Lodge to include the indoor swimming pool and hot tub; outside there's a fish-cleaning station, dog-wash station, wind-protected firepit area, horseshoe pit, pickle ball court, complimentary bikes to ride, conference center, RV parking AND the fully renovated Chataqua Lodge Restaurant is re-opening in July. The scenic Lewis & Clark Discovery Trail is literally right outside the building, a great place to stroll or ride a bike! There's an elevator to the second and third floors so bringing in your stuff is easy! The lodge has undergone a ton of improvements and the amenities are vast! Do not miss your opportunity to own a piece of the iconic Chataqua Lodge! Owner usage limited to 21 days/mo, 2 weekends monthly July-August, 3 weekends every other month, 2 event weekends. Usage fee included in HOA dues. 7 housekeeping credits included in HOA dues

9. 2025-06-11
   listed $65,000 Active
10. 2025-06-10
    listed $65,000 Active 1053-char remark

    Show marketing remark (1053 chars)

    This great second-floor condo is nicely appointed with a new queen size bed, leather sofa and recliner with great views of the dunes and ocean beyond! There are so many amenities at Chataqua Lodge to include the indoor swimming pool and hot tub; outside there's a fish-cleaning station, dog-wash station, wind-protected firepit area, horseshoe pit, pickle ball court, complimentary bikes to ride, conference center, RV parking AND the fully renovated Chataqua Lodge Restaurant is re-opening in July. The scenic Lewis & Clark Discovery Trail is literally right outside the building, a great place to stroll or ride a bike! There's an elevator to the second and third floors so bringing in your stuff is easy! The lodge has undergone a ton of improvements and the amenities are vast! Do not miss your opportunity to own a piece of the iconic Chataqua Lodge! Owner usage limited to 21 days/mo, 2 weekends monthly July-August, 3 weekends every other month, 2 event weekends. Usage fee included in HOA dues. 7 housekeeping credits included in HOA dues

11. 2020-10-23
    soldstatus $35,500 Sold
12. 2020-10-18
    status Pending
13. 2020-10-09
    status Pending Inspection
14. 2020-05-23
    price $39,500
15. 2018-11-03
    status Active
16. 2018-10-12
    historical Taken Off Market
17. 2018-10-01
    price $42,000
18. 2018-09-30
    listed $39,000 Active
19. 2017-01-17
    soldstatus $17,600 Sold
20. 2016-12-28
    status Pending
21. 2016-12-18
    listed $19,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 8 d/yr ≥73°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,830
• − Mortgage interest: −$2,521
• − Property taxes: −$675
• − Insurance: −$225
• − Repairs & maintenance: −$1,426
• − Management: −$1,426
• − HOA: −$7,200
• − Depreciation: −$1,309
• Taxable income: $3,048
• Est. tax owed @ 24.0%: −$731
• After-tax cash flow: $2,423/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Ocean Beach School District
• NCES district ID: 5306060
• Math proficiency: 34% ▼ -1.00%
• Reading proficiency: 50% ▲ 1.00%
• Median HH income: $38,549
• Composite: 37.37/100
• National rank: #8929
• State rank: #212 of 291 in WA

Livability — Long Beach

• Score: 78/100
• State rank: #133
• US rank: #2635

Category grades

Amenities A- Commute F Cost of living A- Crime A- Employment C- Housing A- Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Long Beach, WA
• Population (ZIP): 3,468

Population outlook (Pacific County) Hauer SSP2

• Today (2025): 20,636 people
• By 2030: 20,137 · -2.4%
• By 2040: 19,041 · -7.7%
• By 2050: 18,504 · -10.3%
• By 2075: 17,403 · -15.7%
• By 2100: 16,241 · -21.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 11% Two or more races 11% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Portuguese 5% Slovak 5% Romanian 3%
• Foreign-born: 5% · Canada, South Korea, Vietnam
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · Pacific

• 2024 margin: Toss-up / Even · D 48.1% · R 49.4% · Other 2.4%
• 2008→2024 swing: -15.4pp toward R · 2008: 14.1pp · 2024: -1.3pp
• All cycles: 2024: R+1.3 2020: R+1.1 2016: R+6.9 2012: D+11.4 2008: D+14.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.26%
• Current HPI: 240.5056
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 4.65%
• F500 in state: 22

Industry mix (Fortune 500 HQ in WA)

Industry	F500 HQs	Revenue
▸Retail	2	$269B
▸Technology / Retail	1	$638B
▸Technology	1	$245B
▸Telecommunications	1	$38B
▸Food / Beverage	1	$36B
▸Automotive / Trucks	1	$34B

Price history

+126.1% since first listed

21 events — show timeline

• 2026-05-03 Pending — NWMLS as Distributed by MLS Grid
• 2026-05-03 Pending — RMLS
• 2026-03-31 Price Changed $45,000 NWMLS as Distributed by MLS Grid
• 2026-03-31 Price Changed $45,000 RMLS
• 2025-10-01 Price Changed $50,000 RMLS
• 2025-10-01 Price Changed $50,000 NWMLS as Distributed by MLS Grid
• 2025-08-12 Price Changed $55,000 RMLS
• 2025-08-12 Price Changed $55,000 NWMLS as Distributed by MLS Grid
• 2025-06-11 Listed $65,000 NWMLS as Distributed by MLS Grid
• 2025-06-10 Listed $65,000 RMLS
• 2020-10-23 Sold (MLS) $35,500 NWMLS as Distributed by MLS Grid
• 2020-10-18 Pending — NWMLS as Distributed by MLS Grid
• 2020-10-09 Pending — NWMLS as Distributed by MLS Grid
• 2020-05-23 Price Changed $39,500 NWMLS as Distributed by MLS Grid
• 2018-11-03 Relisted — NWMLS as Distributed by MLS Grid
• 2018-10-12 Delisted — NWMLS as Distributed by MLS Grid
• 2018-10-01 Price Changed $42,000 NWMLS as Distributed by MLS Grid
• 2018-09-30 Listed $39,000 NWMLS as Distributed by MLS Grid
• 2017-01-17 Sold (MLS) $17,600 NWMLS as Distributed by MLS Grid
• 2016-12-28 Pending — NWMLS as Distributed by MLS Grid
• 2016-12-18 Listed $19,900 NWMLS as Distributed by MLS Grid