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 oftensecure this high-performing asset for your portfolio today.
| MLS # | 2477548 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1966 |
| Days On Site | 206 |
| Listing Provided By | Windermere Northwest Living | David Thelin |
| SQ Feet | 3,326 |
|---|---|
| Garage | 4 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Residential |
| Acreage | 0.11 |
| Property View | Yes |
| Property | 5807 |
|---|
| State | WA |
|---|---|
| County | Cowlitz |
| City | Kelso |
| Zip Code | 98626 |
| Area | 416 North Kelso |
| Community Name | Old Kelso Hill |
| School District | Kelso High |
| Elementary School | Barnes Elem |
| High School | Kelso High |
| Listing VS Median (in Old Kelso Hill) | |
Price: $700,000 low | high Med: $537,500 sqft: 3,326 low | high Med: 2,764 $ / sqft: $210 low | high Med: $190 On site: 206 low | high Med: 105.5 | |
| State | WA |
|---|---|
| County | Cowlitz |
| City | Kelso |
| Zip Code | 98626 |
| Area | 416 North Kelso |
| Community Name | Old Kelso Hill |
| School District | Kelso High |
| Elementary School | Barnes Elem |
| High School | Kelso High |
| Listing VS Median (in Old Kelso Hill) | |
Price: $700,000 low | high Med: $537,500 sqft: 3,326 low | high Med: 2,764 $ / sqft: $210 low | high Med: $190 On site: 206 low | high Med: 105.5 | |
![]() | $375,000601 Cowlitz WayKelso, WA 98626 |