504 N 7TH AVE, Kelso, WA 98626
- $700,000
- 3,326
- SqFt
- List Price
- $700,000
- Price Change
- ▼ $10,000 1784078069
- Days on Market
- 175
- MLS#
- 274357666
- Property Type
- Multifamily
- Sqft. of Residence
- 3,326
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Cowlitz County not in Woodland City Limits or Scho
- Status
- ACTIVE
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.
Additional Information
- Tax Amount
- $5,471
- Year Built
- 1966
- High School
- Kelso
- Elementary School
- Barnes
- Middle School
- Huntington
- Acres
- 0.12
- Living Area
- 3,326
- Stories
- 2
- Subdivision
- Old Kelso Hill
- Lot Size Dimension
- 50x100
- Terms
- Cash, Conventional, FHA, VA Loan
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Wall Heater
- Hoa Rent Includes
- Maintenance Grounds, Sewer, Water
- Hot Water Description
- Electricity, Tank
- Exterior Description
- Cedar, T-111 Siding
- Roof Type
- Flat, Tar/Gravel
- Sewer Description
- Public Sewer
- View
- Territorial
- Parking
- Carport, Covered
- Parking Description
- Carport, Covered
- Road Surface
- Paved
- Number Of Units Total
- 10
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1325
- Unit Type One Sq Ft
- 782
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 2
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 3
- Unit Type Three Rent
- 1350
- Unit Type Three Sq Ft
- 980
- Unit Type Three Units Total
- 3
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 1330
- Unit Type Four Sq Ft
- 782
- Unit Type Four Units Total
- 4
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Listing courtesy of Windermere Northwest Living.
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