950 Walnut Street, Kelso, WA 98626
- $3,600,000
- 16,200
- SqFt
Listing courtesy of Real Broker LLC.
- List Price
- $3,600,000
- Status
- ACTIVE
- MLS#
- 2562636
- Days on Market
- 42
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 16,200
- Lot Size (sq ft)
- 40,745
Property Description
Exceptional investment opportunity to acquire a portfolio of five newer (2023-built) duplexes, totaling 10 fully occupied units in the growing Kelso market. With every unit currently leased at fair market rents, this turnkey investment offers immediate, consistent cash flow without the hassle of securing new tenants. Three duplexes feature a well-designed 1,494 SF floor plan per unit, while the remaining two offer the larger 1,809 SF plan per unit. Every unit includes 3 bedrooms, 2.5 bathrooms, quartz countertops, stainless steel appliances, spacious walk-in closets, walk-in showers, fully fenced & usable backyards, heat pumps with mini-split heating and cooling systems, garage and extended driveways providing ample tenant and guest parking. Ideally located with quick access to I-5, Longview, grocery stores, shopping, dining, schools, nearby golf course, and everyday amenities, this portfolio combines modern construction with a convenient location that continues to attract tenants. Whether you're expanding an existing portfolio or making your next multifamily investment, this rare offering delivers strong rental income, low-maintenance ownership, and outstanding long-term investment potential. All offers are subject to interior inspection.
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Additional Information
- List Date
- 2026-07-31 19:24:12
- Community
- Kelso
- Potential Terms
- Cash, Conventional
- Year Built
- 2023
- Roof
- Composition
- School District
- Kelso
- Total Monthly Income
- $22,100
- Gross Scheduled Income
- $265,200
- Gross Adjusted Income
- $265,200
- Tax Year
- 2025
- Insurance Expense
- $8,700
- Total Expenses
- $44,700
- Net Operating Income
- $220,500
- Gross Rent Multiplier
- 13.57
- Cap Rate
- 6.13
Mortgage Calculator
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.