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    Duplex with Alley Access Parking Title is generated by Realmo AI

    907 S 4TH Ave, Kelso, WA 98626

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    Claim this Listing
    New
    For Sale
    $360,000

    MULTI_FAMILY - Kelso, WA

    Property size:
    2,260 SF
    Price / SF:
    $159/SF
    Added:
    Jun 16, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 16 at 5:06 pm

    Property Features for 907 S 4TH Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R03
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5
    Standard status
    Active
    APN
    20787
    Size
    2,260 SF

    Taxes and HOA fees

    Tax Description
    88 (CARLSENS 2) -3 -12 34 -8N -2W
    Tax Annual Amount
    3705

    Building Details

    Year built
    1923
    Floors in Building
    1
    Number of units
    919
    Roof type
    Composition

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    Listing Contact
    Melissa Erickson

    Listing agent Melissa Erickson

    Listing office Windermere Northwest Living 209 W Main Street Suite 200, Vancouver, WA

    Listing date Jun 16, 2026

    MLS# 587824239 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.

    HighLights

    • Built in 1923 with a composition roof
    • Each unit features 3 bedrooms and 1 full bathroom, with a large living room
    • Basement laundry plus basement bonus room areas
    • Recent updates include a new roof, updated electrical, fresh exterior paint, and some window replacements (about 2 years ago)
    • Covered front porches, alley access, and parking spots in the back yard
    • Sold AS IS; right side tenant vacating at the end of June and will be left vacant

    Overview

    This duplex offers two units, each with three bedrooms, one full bathroom, and a large living room. Additional space includes basement laundry and basement bonus room areas. Exterior improvements reported include a new roof, updated electrical, fresh exterior paint, and some window replacements made about two years ago. Covered front porches provide additional outdoor space, while alley access connects to parking spots in the back yard. The property is being sold “AS IS” and will require updating.

    Located at 907 S 4TH Ave in Kelso, Washington, the home has alley access for vehicles and back-yard parking. The right side of the duplex is scheduled to vacate at the end of June and will be left vacant, while the other side is described as having long-term tenants.

    For buyers and owner-occupants, this layout can support either continued rental income on the occupied side and rent potential for the vacant side after preparation, or a remodel plan to live in one half while renting the other. With the property sold as-is and noted updates needed, it is best suited for tenants or investors prepared for renovation and targeted improvements.

    Local 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 $39.3k $17.40
    − Vacancy −$2.2k −$0.96
    EGI $37.2k $16.44
    − OpEx −$11.1k −$4.93
    NOI $26.0k $11.51
    2,260 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $371.6K
    $325.2K – $433.6K (±1% cap)
    NOI $26,013 @ 7.0% cap · market cap 7.23%
    Second Best
    Apartment 5plus
    $341.2K
    $298.6K – $398.1K (±1% cap)
    NOI $23,886 @ 7.0% cap · market cap 6.64%
    Theoretical Best
    Office A
    $744.6K
    $651.5K – $868.7K (±1% cap)
    NOI $52,122 @ 7.0% cap · market cap 14.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Kelso
    County
    Cowlitz
    State
    Washington
    Longitude
    -122.911953
    Latitude
    46.138185

    FAQs

    What type of property is this?
    Duplex - Duplex income property with three-bedroom units, basement laundry space, and back-yard parking via alley access.
    Where is this duplex located?
    The property is located at 907 S 4TH Ave Kelso, WA.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Built in 1923 with a composition roof; Each unit features 3 bedrooms and 1 full bathroom, with a large living room; Basement laundry plus basement bonus room areas
    More about this property
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