Historic Mixed-Use
For Sale
$725,000
202 S 4TH Ave, Ridgefield, WA 98642
CommercialSale, Ridgefield, WA
Property Size4,742 SF
Price / SF$152.89
Days on Market87
Property Features for 202 S 4TH Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
9-11
Directions
West on Pioneer, Left on 4th Avenue
Subdivision
_50
Standard status
Active
APN
069168000
Size
4,742 SF
Taxes and HOA fees
Tax Description
UNRECD LAMBERT & SARGENTS ADDN #2 LOT 9 & ALL LOT 10 BLK 6 FOR AS
Tax Annual Amount
10167
Legal Description
UNRECD LAMBERT & SARGENTS ADDN #2 LOT 9 & ALL LOT 10 BLK 6 FOR AS
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1945
Floors in Building
2
Building materials
LapSiding, WoodSiding
Roof type
Composition
Listing Agency:
Chris Balmes Properties LLC
(503) 427-0372
Listed By:
Lisa Balmes PC
(503) 901-6545
Added: Jul 16
Changed: Sep 29
Last Checked: Oct 10 at 11:06AM
MLS# 256818860
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.
This 4,742-square-foot mixed-use property includes a historic church and a separate building with two leased apartments. The existing configuration combines assembly space with residential units and offers a distinctive 1945-built asset in Ridgefield.
Located at 202 S 4TH Ave in Ridgefield, the property is near the Ridgefield National Wildlife Refuge, the Columbia River, and downtown amenities. Zoning is identified as 9-11. Building features include lap and wood siding, composition roofing, forced-air heat, and central air conditioning.
Located at 202 S 4TH Ave in Ridgefield, the property is near the Ridgefield National Wildlife Refuge, the Columbia River, and downtown amenities. Zoning is identified as 9-11. Building features include lap and wood siding, composition roofing, forced-air heat, and central air conditioning.
Key Highlights
- 4,742‑square‑foot mixed‑use property with a historic church and separate apartment building
- Separate building includes two leased apartments
- Built in 1945 with lap and wood siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,450
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,269,000
$1.3M
Cap Rate 7%
$906,429
$906.4K
Cap Rate 9%
$705,000
$705.0K
Market Conditions
NOI Build-Up for 4,742 SF
Gross rent
$109.3K $23.04/SF
− Vacancy
−$7.7K −$1.63/SF
EGI
$101.5K $21.41/SF
− OpEx
−$38.1K −$8.03/SF
NOI
$63.5K $13.38/SF
Area
Clark County, WA
Vacancy
7.08%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,269,000
Cap Rate 7%
$906,429
Cap Rate 9%
$705,000
Alternative Uses
Best Use
Mixed Use
$906.4K
$793.1K – $1.06M
NOI $63,450 @ 7.0% cap · market cap 8.75%
Second Best
Multifamily LT 5
$882.6K
$772.3K – $1.03M
NOI $61,781 @ 7.0% cap · market cap 8.52%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,869 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 98642, WA
23,685
Population
9,736
Households
2.4
Avg Household Size
41
Median Age
41%
College-Educated
96%
High-School Grad
56.8 sq mi
ZIP Area
417
Density / Sq Mi
$119,316
Median Household Income
$62,710
Median Earnings
$1,938
Median Rent
$622,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Church space and a separate building with two leased apartments support multiple established commercial and residential uses.
Where is this mixed-use property located?
The property is located at 202 S 4TH Ave Ridgefield, WA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 4,742‑square‑foot mixed‑use property with a historic church and separate apartment building; Separate building includes two leased apartments; Built in 1945 with lap and wood siding
