Benedicte Carbonnier - Coldwell Banker Walla Walla Logo
$700,000
 $3,758 est/mo Sourced by Back At You

504 N 7th Ave,Kelso, WA 98626

Kelso, WA 98626

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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.

Details

MLS #274357666
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1966
Days On Site215
Listing Provided ByWindermere Northwest Living | David Thelin

Features

SQ Feet3,326
Car PortYes
BasementY
Story(s)2
Units10
ZoningR2
Acreage0.12
Property ViewTerritorial

Interior

HeatingWall Heater
Heating YnNo
CoolingNone
Cooling YnNo

Exterior

RoofFlat, Tar Gravel
Foundation DetailsConcrete Perimeter
Lot FeaturesCommons, Level, Public Road

Parking

Attached Garage YnNo
Parking FeaturesCarport, Covered

Taxes

Property5471

Area Information

StateWA
CountyCowlitz
CityKelso
Zip Code98626
Community NameOld Kelso Hill
School DistrictKelso
Elementary SchoolBarnes
High SchoolKelso
Listing VS Median (in Old Kelso Hill)
Price:
$700,000
low | high
Med:
$700,000
50% of Average
sqft:
3,326
low | high
Med:
3,326
50% of Average
$ / sqft:
$210
low | high
Med:
$210
50% of Average
On site:
215
low | high
Med:
215
100% of Average
Sourced by Back At You

Market Activity 98626

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Madaire Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2020 RMLS™, Portland, Oregon.

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Contact

Learn More About This Property

Benedicte Carbonnier

Benedicte Carbonnier

Coldwell Banker Walla Walla

 (509) 730-9755benedicte@wallawallacb.com
StateWA
CountyCowlitz
CityKelso
Zip Code98626
Community NameOld Kelso Hill
School DistrictKelso
Elementary SchoolBarnes
High SchoolKelso
Listing VS Median (in Old Kelso Hill)
Price:
$700,000
low | high
Med:
$700,000
50% of Average
sqft:
3,326
low | high
Med:
3,326
50% of Average
$ / sqft:
$210
low | high
Med:
$210
50% of Average
On site:
215
low | high
Med:
215
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $525K - $875K
sqft: 2,000 - 4,000
Nearby Listings Property ImageNearby Listings Details
504 N 7th Avenue Property Photo 1
$700,000
504 N 7th Avenue
Kelso, WA 98626
601 Cowlitz Way Property Photo 1
$375,000
601 Cowlitz Way
Kelso, WA 98626
Listing Updated: September 14, 2026 at 1:10:40 AM PDT