$3,600,000

30 Beds 30 Baths 16,200 SQFT 0.94 Acres
Type: Multi-Family

950 Walnut Street
Kelso, WA 98626

MLS#: 2562636
Presented by: Real Broker LLC and NWMLS

Property Description

 

Exceptional investment opportunity to acquire a portfolio of five newer (2023-built) duplexes, totaling 10 fully occupied units in the growing Kelso market. With every unit currently leased at fair market rents, this turnkey investment offers immediate, consistent cash flow without the hassle of securing new tenants. Three duplexes feature a well-designed 1,494 SF floor plan per unit, while the remaining two offer the larger 1,809 SF plan per unit. Every unit includes 3 bedrooms, 2.5 bathrooms, quartz countertops, stainless steel appliances, spacious walk-in closets, walk-in showers, fully fenced & usable backyards, heat pumps with mini-split heating and cooling systems, garage and extended driveways providing ample tenant and guest parking. Ideally located with quick access to I-5, Longview, grocery stores, shopping, dining, schools, nearby golf course, and everyday amenities, this portfolio combines modern construction with a convenient location that continues to attract tenants. Whether you're expanding an existing portfolio or making your next multifamily investment, this rare offering delivers strong rental income, low-maintenance ownership, and outstanding long-term investment potential. All offers are subject to interior inspection.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

Building Area Units0 sqft
Cap Rate6.13
Carport Spaces0
Carport Y/NNo
CityKelso
CoolingDuctless, Forced Air, Heat Pump
CountyCowlitz
DirectionsWalnut St & Willow St, Kelso
Electric Expense0
Fuel Expense0
Garage Spaces10
HOANo
HOA Fee$0
HeatingDuctless, Forced Air, Heat Pump
High School DistrictKelso
Insurance Expense8700
Leasable Area16,200 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet40,745 sqft
Lot Size UnitsSquare Feet
MLS Area418 - South Kelso
NWM_ShowMapLinkY
Net Operating Income220500
New ConstructionNo
Number Of Units Total10
PossessionSee Remarks, Subject To Tenant Rights
Possible UseMulti-Family
Property ConditionVery Good
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksExceptional investment opportunity to acquire a portfolio of five newer (2023-built) duplexes, totaling 10 fully occupied units in the growing Kelso market. With every unit currently leased at fair ma
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameKelso
Tax Annual Amount$36,000
Tax Year2025
Units Below Gradefalse
Units In Building Total10
Water Sewer Garbage0
Year Built2023
Zoning DescriptionMulti-Family

Exterior

Building Area Total16,200 sqft
Covered Spaces0
Exterior AmenitiesCement Planked, See Remarks
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Size Acres0.9354
Parking Uncovered Total15
Total Parking15
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

Similar Properties

$3,600,000

30 Beds 30 Baths 16,200 SQFT 0.94 Acres
Type: Multi-Family

950 Walnut Street
Kelso, WA 98626

MLS#: 2562636