264 N 2nd Street, Kalama, Washington 98625

WA, Kalama
$599,900
  • 0.24 Acre
  • Residential Income Property Type
  • 1990 Year Built
  • Closed Status
Property Description

Rare multifamily fourplex opportunity in Kalama! Sits on a 10,498 SF lot two blocks from downtown & features four 2 Bed/1 Bath units with parking in the back. Each unit is equipped with laundry hook-ups, vaulted ceilings & balconies on upper floor units, patios on bottom units, large bedrooms, & oversized living rooms. Historically stable, long-term tenants in place, this property generates consistent income & presents strong upside potential through value-add improvements & rent adjustments to match current market rates. Offered at a 6.7% cap rate & served by Kalama utilities, this is a 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: 2416672
  • Price: $599,900
  • Year Built: 1990
  • Lot Area: 0.24 Acre
  • Status: Closed
  • Office Name: Woodford Commercial RE
  • Agent Name: Chris Roewe
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Baseboard
  • Cooling System None
  • Exterior Features Wood Products
  • Flooring Carpet, Vinyl
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Cowlitz
  • City Kalama
  • Zipcode 98625
  • Street: 2nd
  • Street Number: 264
  • Street Suffix: Street
  • Longitude: W123° 9' 24.5''
  • Latitude: N46° 0' 34.3''
  • Directions: I-5 N, Exit 30 Toward Kalama, Right on Elm, Left on 2nd, Destination is on the Right.
  • Mls Area Major: 420 - South County/Woodland
  • Street Dir Prefix: N
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
  • Possible Use: Residential
  • On Market Date: 2025-08-04
  • Number Of Units Total: 4
  • Lot Features: Paved, Curbs, Sidewalk
  • Foundation Details: Block
  • Construction Materials: Wood
Financial
  • Tax Annual Amount: 4492
Listing Information
  • List Agent Mls Id: 59546
  • List Office Mls Id: 181
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2025-10-06T11:04:53Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-09-05T18:51:06Z
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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