101 Spencer Creek Road, Kalama, Washington 98625

WA, Kalama
$699,900
  • 4,500 Sqft
  • Residential Income Property Type
  • 1966 Year Built
  • Closed Status
Property Description

This fourplex, located in the beautiful hills of Kalama, is approx. 4,500 SF & sits on a large corner lot with approx. 23,522 SF. Features four 3 Bed/1 Bath units, patios on bottom units, decks for the upper units, & a four-car carport. Shared laundry room & hook-up in one of the units for added convenience. With stable, long-term tenants already in place, this property generates consistent income & presents strong upside potential through continued value-add improvements & rent adjustments to match current market rates. Currently offered at a 7% CAP Rate & served by Kalama water & septic, solid opportunity for investors looking to grow their portfolio or secure a dependable income-producing asset. Interior tours upon mutual acceptance.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2418490
  • Price: $699,900
  • Square Footage: 4,500 Sqft
  • Year Built: 1966
  • Lot Area: 0.54 Acre
  • Status: Closed
  • Office Name: Woodford Commercial RE
  • Agent Name: Chris Roewe
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Other – See Remarks
  • Cooling System None
  • Carport Spaces: 4
  • Exterior Features Wood Products
  • Flooring Carpet, Vinyl
  • Sewer Septic Tank
Address Map
  • Country US
  • State WA
  • County Cowlitz
  • City Kalama
  • Zipcode 98625
  • Street: Spencer Creek
  • Street Number: 101
  • Street Suffix: Road
  • Longitude: W123° 9' 56.2''
  • Latitude: N46° 2' 28.1''
  • Directions: I-5 North, Exit 32 for Kalama River Rd, Right on Kalama River Rd, Right on Modrow Rd, Right on Spencer Creek Rd, Destination will be on the right.
  • Mls Area Major: 420 - South County/Woodland
Neighborhood
  • Elementary School: Kalama Elem
  • High School: Kalama Jnr Snr High
  • High School District: Kalama
  • Middle School: Kalama Jnr Snr High
Additional Information
  • Stories Total: 2
  • On Market Date: 2025-08-07
  • Number Of Units Total: 4
  • Lot Features: Paved, Corner Lot
  • Foundation Details: Block
  • Construction Materials: Wood
Financial
  • Tax Annual Amount: 4485
Listing Information
  • List Agent Mls Id: 59546
  • List Office Mls Id: 181
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2025-10-20T11:03:28Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-09-22T16:49:29Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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