504 N 7th Avenue, Kelso, WA 98626
- $700,000
- 3,326
- SqFt
Listing courtesy of Windermere Northwest Living.
- List Price
- $700,000
- Status
- ACTIVE
- MLS#
- 2477548
- Price Change
- ▼ $10,000 1784078025
- Days on Market
- 158
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,326
- Area Total SqFt
- 3326
- Annual Tax Ammount
- 5807
- Internet Provider
- XFinity
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2026-02-20 22:28:12
- Community
- Old Kelso Hill
- Net Operating Income
- $52,437
- Gross Adjusted Income
- $63,617
- Gross Scheduled Income
- $64,260
- Total Monthly Income
- $5,355
- Insurance Expenses
- $1,773
- Water/Sewer/Garbage Expenses
- $3,100
- Gross Rent Multiplier
- 10.8
- Total Expenses
- $11,180
- Cap Rate
- 7.5
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 504
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1966
- View
- Territorial
- Roof
- Torch Down
- Site Features
- Cable TV, Fenced-Partially
- Electric Expenses
- 500
- Energy Source
- Electric
- School District
- Kelso
- Elementary School
- Barnes Elem
- Middle School
- Huntington Jnr High
- High School
- Kelso High
- Total Monthly Income
- $5,355
- Gross Scheduled Income
- $64,260
- Vacancy Rate
- 1
- Gross Adjusted Income
- $63,617
- Tax Year
- 2025
- Insurance Expense
- $1,773
- W/S/G Expenses
- $3,100
- Total Expenses
- $11,180
- Net Operating Income
- $52,437
- Gross Rent Multiplier
- 10.8
- Cap Rate
- 7.5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.