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Daniel Alexander & James DeVaul

wvhsllc@gmail.com +1(541) 579-6624

Listed by Windermere Northwest Living • 360-749-5667

$ 700,000

Est. payment -/mo

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Price Dropped by $10K

504 N 7TH AVE Kelso, WA 98626

3,326 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,326 sqft

Price per Sqft $210

Subdivision Old Kelso Hill

MLS Listing ID 274357666

HOA Y/N No

Year Built 1966

Annual Tax Amount $5,471

Tax Year 2024

Lot Size 5,227 Sqft

Property Description

Fantastic investment opportunity! This well-maintained 4-plex is a strong, turnkey addition to any rental portfolio, offering solid income and a current cap rate of approximately 7.5% with excellent cash flow. The property has a history of stable, long-term tenants and shows pride of ownership throughout. Three units feature 2 bedrooms and 1 bath, each with a dedicated storage unit and covered parking space. The fourth unit has been thoughtfully converted to a 3-bedroom, expanding rental potential and versatility. Residents enjoy a large shared balcony, and the on-site laundry room has been updated with a new electrical panel and its own hot water tank. The coin-operated laundry provides reliable additional income. Opportunities like this don't come along often—secure this high-performing asset for your portfolio today.

Location

State WA

County Cowlitz

Community Laundry

Area _82

Zoning R2

Rooms

Basement Crawl Space

Interior

Heating Wall Heater

Cooling None

Exterior

Community Features Laundry

View Territorial

Roof Type Flat,TarGravel

Garage No

Building

Lot Description Commons, Level, Public Road

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Barnes

Middle Schools Huntington

High Schools Kelso

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Regional Multiple Listing Service (RMLS)