Fourplex with Shared
504 N 7TH Ave Kelso, WA 98626
For Sale
$700,000
MULTI_FAMILY - Kelso, WA
Property Size3,326 SF
Lot Size0.12 Acres
Price / SF$210.46
Days on Market161
Property Features for 504 N 7TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 7, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 4, Bedroom 9, Bedroom 8, Bathroom 1, Bedroom 6
- Standard status
- Active
- APN
- 20223
- Size
- 3,326 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- 275 (KELSO OLD TOWN) -33 -4 26 -8N -2W
- Tax Annual Amount
- 5471
Building Details
- Year built
- 1966
- Floors in Building
- 2
- Number of units
- 10
- Roof type
- Flat, Tar/Gravel
Listing Agency:
Windermere Northwest Living
(360) 993-2222
Listed By:
David Thelin
(360) 749-5667
Added: Feb 12
Changed: Jul 23
Last Checked: Jul 23 at 1:06PM
MLS# 274357666
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well-maintained fourplex with a shared balcony and on-site, coin-operated laundry. Three units are configured as 2 bedrooms and 1 bath, and each includes a dedicated storage unit and a covered parking space. The fourth unit has been converted to a 3-bedroom layout. The laundry room has an updated electrical panel and includes its own hot water tank.
The property is zoned R2 and is located at 504 N 7TH Ave in Kelso, Washington (Cowlitz County). The offering is presented as a turnkey addition to a rental portfolio with a stated current cap rate of approximately 7.5%.
With its unit mix and shared outdoor amenity, the building is designed for straightforward residential income use, supported by updated common-area laundry improvements.
The property is zoned R2 and is located at 504 N 7TH Ave in Kelso, Washington (Cowlitz County). The offering is presented as a turnkey addition to a rental portfolio with a stated current cap rate of approximately 7.5%.
With its unit mix and shared outdoor amenity, the building is designed for straightforward residential income use, supported by updated common-area laundry improvements.
Key Highlights
- 1966‑built 4‑plex with tar/gravel and flat roofing.
- Unit mix: three units feature 2 bedrooms and 1 bathroom each.
- Each of the 2BD/1BA units includes a dedicated storage unit and covered parking space.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $17.40 |
| − Vacancy | −$3.2k | −$0.96 |
| EGI | $54.7k | $16.44 |
| − OpEx | −$16.4k | −$4.93 |
| NOI | $38.3k | $11.51 |
3,326 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$546.9K
$478.5K – $638.1K
NOI $38,283 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$502.2K
$439.4K – $585.9K
NOI $35,153 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.10M
$958.9K – $1.28M
NOI $76,708 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex offering three 2BR/1BA units plus one 3BR unit, shared balcony, and coin-operated laundry.
Where is this quadplex located?
The property is located at 504 N 7TH Ave Kelso, WA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1966‑built 4‑plex with tar/gravel and flat roofing.; Unit mix: three units feature 2 bedrooms and 1 bathroom each.; Each of the 2BD/1BA units includes a dedicated storage unit and covered parking space.
