Two-Unit
For Sale
$348,888
1115 N 4th Ave, Kelso, WA 98626
A fully occupied, single-level property with hardwood floors, covered parking, and private storage for each residence.
Property Size1,652 SF
Price / SF$211.19
Days on Market29
Property Features for 1115 N 4th Ave
General Information
Standard status
Active
Size
1,652 SF
Total Parking Spaces
3
Property subtype
Multi Family Home
Zoning
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$26,400
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,740
Amenities
hardwood floors
custom cedar accents
washer/dryer hookups
covered parking
individual storage
Building Details
Building Size
1,652 SF
Year Built
1965
Stories
1
Units
2
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Justin Green
(503) 869-8276
Source:
Nwrealtysource
Added: Oct 1
Changed: Oct 26
Last Checked: Oct 26 at 3:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MORE Realty
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Investment Insights
Based on property information with market context.
Built in 1965, this single-level duplex contains two 2-bedroom, 1-bath residences measuring approximately 826 SF each, for 1,652 SF total. Both units have hardwood floors, cedar accents, and washer and dryer hookups. Covered parking and individual storage serve the property. The building has a newer roof and fresh interior paint, and the zoning designation is Duplex.
The property is at 1115 N 4th Ave in Kelso, near I-5, schools, shopping, and downtown Kelso. It is fully occupied.
The property is at 1115 N 4th Ave in Kelso, near I-5, schools, shopping, and downtown Kelso. It is fully occupied.
Key Highlights
- Two 2‑bedroom, 1‑bath units, approximately 826 SF each
- 1,652 SF total; built in 1965
- Fully occupied duplex with single‑level layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,015
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,300
$380.3K
Cap Rate 7%
$271,643
$271.6K
Cap Rate 9%
$211,278
$211.3K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$28.7K $17.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$27.2K $16.44/SF
− OpEx
−$8.1K −$4.93/SF
NOI
$19.0K $11.51/SF
Area
Cowlitz County, WA
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,300
Cap Rate 7%
$271,643
Cap Rate 9%
$211,278
Alternative Uses
Best Use
Multifamily LT 5
$271.6K
$237.7K – $316.9K
NOI $19,015 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$249.4K
$218.3K – $291.0K
NOI $17,460 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$544.3K
$476.3K – $635.0K
NOI $38,100 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
Demographics for 98626, WA
26,291
Population
10,642
Households
2.5
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
134.6 sq mi
ZIP Area
195
Density / Sq Mi
$70,058
Median Household Income
$40,996
Median Earnings
$1,169
Median Rent
$339,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A fully occupied, single-level property with hardwood floors, covered parking, and private storage for each residence.
Where is this duplex located?
The property is located at 1115 N 4th Ave Kelso, WA.
What is the asking price?
The asking price for this property is $348,888.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units, approximately 826 SF each; 1,652 SF total; built in 1965; Fully occupied duplex with single‑level layout
