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    218 2ND St Klickitat, WA 98628

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    Claim this Listing
    For Sale
    $749,000

    MULTI_FAMILY - Klickitat, WA

    Property size:
    2,544 SF
    Lot size:
    0.53 Acres
    Price / SF:
    $294/SF
    Added:
    Dec 19, 2025
    Days on Market:
    136
    Last Refresh:
    May 4 at 7:06 pm

    Property Features for 218 2ND St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RC
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
    Standard status
    Active
    APN
    04132350041700
    Size
    2,544 SF
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Description
    LOT 17 BLCK 4 KLICK; LOT 17A BLCK 4 KLICK NWSW; 23-4-13
    Tax Annual Amount
    2262

    Utilities

    Water front features
    River Front

    Building Details

    Year built
    1935
    Floors in Building
    2
    Number of units
    5
    Roof type
    Composition, Flat, Metal

    We can help!

    Listing Contact
    Christina Wood

    Listing agent Christina Wood

    Listing office Real Broker LLC 1400 112th Ave SE Ste 100, Newark, WA

    Listing date Dec 19, 2025

    MLS# 700217568 Listing URL

    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.

    Overview

    Turnkey Riverfront Lodging Business

    The Klickitat River Inn, a turnkey riverfront lodging business with a 5-star reputation and a loyal base of returning guests, is available for purchase. This property, situated directly on the banks of the Klickitat River on a corner lot with immediate water access, includes a 2-bedroom, 1-bathroom residence alongside a separate building housing four studio apartments. The business transfers with its name, reviews, and guest relationships. The four studio units have been the engine of the Inn's reputation, drawing repeat guests who return for the Klickitat River fishing, whitewater rafting, kayaking, and year-round outdoor recreation. The on-site residence is ideal for an owner-operator or on-site manager. Located in the quiet community of Klickitat with easy access to scenic highways and the broader Columbia Gorge region, this property sits on a 0.53-acre lot. The building has 2544 square feet of space. This is an opportunity to acquire a named, proven hospitality property in one of Washington's most desirable outdoor corridors. The property is zoned RC. It is located at 218 2ND St, Klickitat, WA 98628.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Spa & Massage Center Hair Salon Nail Salon Cafe & Coffee Shop Travel Agency Restaurant Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Klickitat
    County
    Klickitat
    State
    Washington
    Longitude
    -121.150422
    Latitude
    45.815634

    FAQs

    What type of property is this?
    Bed & breakfast - Established hospitality asset on the Klickitat River.
    Where is this bed & breakfast located?
    The property is located at 218 2ND St Klickitat, WA.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Turnkey riverfront lodging business with 5‑star reputation and loyal guest base.; Prime location directly on the Klickitat River with immediate water access.; Includes a 2‑bedroom residence for owner‑operator or on‑site manager.
    (425) 418-3988
    We can help!
    Listing Contact
    Christina Wood
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    218 2ND St, Klickitat, WA 98628
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