$980,000

6 Beds 4 Baths 3,062 SQFT 0.23 Acres
Type: Multi-Family

302 3rd Street
Woodland, WA 98674

MLS#: 2543571
Presented by: Pellego, Inc. and NWMLS

Property Description

 

Modern, low-maintenance fourplex in the heart of Woodland, offering immediate stability and strong, proven income. Offered at its current appraised value, this property represents a secure investment from day one. The building has been beautifully remodeled with high-quality finishes, efficient mechanical systems, and a durable metal roof designed to keep ongoing capital expenditures minimal. Each unit is currently leased and performing, generating a reliable $6,645/month with remarkably low operational expenses. Situated in a prime, highly rentable location, tenants enjoy being just a short walk to Horseshoe Lake Park and under 20 minutes to Vancouver, WA. This is a rare opportunity to acquire a fully stabilized asset combining immediate cash flow, premium design quality, and predictable performance in one of SW Washington’s steadiest growth markets. Buyer to verify all information. Please do not disturb tenants; interior showings are available after an accepted offer. Owner/Broker.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories1

General

Building Area Units0 sqft
Cap Rate6.46
Carport Spaces0
Carport Y/NNo
CityWoodland
CoolingNone
CountyCowlitz
DirectionsFrom I-5 Exit 21, head east on Lewis River Rd (WA-503). Right on Davidson Ave, then left on 3rd St. Property on left at 302 3rd St.
Electric Expense684.64
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingWall Furnace
High School DistrictWoodland
Insurance Expense3648
Leasable Area3,062 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet10,019 sqft
Lot Size UnitsSquare Feet
MLS Area420 - South County/Woodland
NWM_ShowMapLinkY
Net Operating Income64321
New ConstructionNo
Number Of Units Total4
PossessionClosing
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksModern, low-maintenance fourplex in the heart of Woodland, offering immediate stability and strong, proven income. Offered at its current appraised value, this property represents a secure investment fro
RoofMetal
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameWoodland
Tax Annual Amount$4,777
Tax Year2026
Units Below Gradefalse
Units In Building Total4
Water CompanyCity of Woodland
Water Sewer Garbage6308.92
Year Built1971

Exterior

Building Area Total3,062 sqft
Covered Spaces0
Exterior AmenitiesCement/Concrete, Wood, Wood Products
Irrigation Water Rights Y/NNo
Lot FeaturesDead End Street, Sidewalk
Lot Size Acres0.23
Parking Uncovered Total11
Total Parking11
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$980,000

6 Beds 4 Baths 3,062 SQFT 0.23 Acres
Type: Multi-Family

302 3rd Street
Woodland, WA 98674

MLS#: 2543571