Quadplex with Shared
For Sale
$700,000
504 N 7th Avenue, Kelso, WA 98626
Rental property with varied unit layouts, individual storage, covered parking, and on-site laundry.
Property Size3,326 SF
Price / SF$210.46
Days on Market81
Property Features for 504 N 7th Avenue
General Information
Standard status
Active
Size
3,326 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Net Operating Income
$52,437
Taxes and HOA fees
Annual Taxes
$5,807
Amenities
Vinyl,Carpet
Yes
No
2
Electric
Curbs,Paved,Sidewalk
Cable TV,Fenced-Partially
4
50x100
0.1148
Wood
Poured Concrete
3326
Building Details
Building Size
3,326 SF
Year Built
1966
Stories
2
Listing Agency:
BCR LLC
(503) 716-8644
Listed By:
Suzi Farrow
(971) 294-8879
Source:
Premierepropertygroup
Added: Jul 26
Changed: Oct 13
Last Checked: Oct 12 at 6:12PM
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 BCR LLC
Investment Insights
Based on property information with market context.
Located at 504 N 7th Ave in Kelso, WA, this 3,326-square-foot quadplex was built in 1966. Three apartments offer two bedrooms and one bathroom, while the fourth provides three bedrooms. The three two-bedroom units each include a dedicated storage unit and covered parking space. A shared balcony serves the residents.
The property also includes an on-site laundry room with a recently installed electrical panel and a dedicated hot water tank. Coin-operated laundry equipment generates additional income. The asset has a reported current cap rate of approximately 7.5% and a history of stable, long-term tenancy.
The property also includes an on-site laundry room with a recently installed electrical panel and a dedicated hot water tank. Coin-operated laundry equipment generates additional income. The asset has a reported current cap rate of approximately 7.5% and a history of stable, long-term tenancy.
Key Highlights
- 3,326‑square‑foot quadplex built in 1966
- Three 2‑bedroom, 1‑bath units plus one 3‑bedroom unit
- Dedicated storage units and covered parking for the three 2‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,283
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,660
$765.7K
Cap Rate 7%
$546,900
$546.9K
Cap Rate 9%
$425,367
$425.4K
Market Conditions
NOI Build-Up for 3,326 SF
Gross rent
$57.9K $17.40/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$54.7K $16.44/SF
− OpEx
−$16.4K −$4.93/SF
NOI
$38.3K $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%
$765,660
Cap Rate 7%
$546,900
Cap Rate 9%
$425,367
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
644
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
Check the figures for this property
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?
Quadplex - Rental property with varied unit layouts, individual storage, covered parking, and on-site laundry.
Where is this quadplex located?
The property is located at 504 N 7th Avenue 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: 3,326‑square‑foot quadplex built in 1966; Three 2‑bedroom, 1‑bath units plus one 3‑bedroom unit; Dedicated storage units and covered parking for the three 2‑bedroom units
