Property Details
180 2nd Street
Cathlamet, WA 98612
$535,000
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Property Overview
Step back in time with this 1920s triplex overlooking the Columbia River. Perfectly positioned on a corner lot in the heart of downtown Cathlamet, this vintage gem combines historic character with modern amenities and income potential. Enjoy river views and a vibrant, stroll-able lifestyle – just steps away from local shops, art gallery, craft brewery, dining options and the marina. Whether you're looking for multi-generational estate or turnkey investment, this property's charm and unbeatable location make it a rare find in Wahkiakum County. Well maintained and updated units with onsite laundry and BRAND SPANKING NEW ROOF professionally installed 3/2026! Short distance from the market, library, riverfront and services such as baking & pharmacy – it's a dream for tenants or for that owner-occupant seeking a peaceful yet connected community. Steady rental appeal with strong tenants and solid rents. Great house-hack potential, live in one unit and let the rents pay the way or step into this turnkey performer and build your rental portfolio. Larger, street level, unit has a yard with mature landscaping, additional storage and laundry. Two upper units have been recently renovated and share a laundry. Don't miss a chance to own a piece of history in one of the river's most picturesque towns, just a quick trip across the ferry to the Oregon Coast or head west to the Long Beach Peninsula and its array of clamming, crabbing, charter fishing, kite festivals & more!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Wahkiakum
Neighborhood
Cathlamet
Listed
Mar 30, 2026
Structure Type
Triplex
Parcel Number
20806420022
Tax & HOA
Annual Property Tax
$2,433 (2025)
Est. Monthly Tax
$203/mo
Financial Summary
Cap Rate
6.70%
Net Operating Income
$35,851
Gross Scheduled Income
$48,240
Gross Rent Multiplier
11.00
Total Expenses
$12,389
Building & Use
Building Sq Ft
4,250
Leasable Area
3,342 sqft
Total Units
3
Zoning
Multi-Family,Residential,See Remarks
Possible Use
Multi-Family, Residential, See Remarks
Lot Size
5,001 sqft
Year Built
1920
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1920
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood Products
Community & Access
Directions
GPS/NAV or State Route 4 to Cathlamet, left on Third St, left on Una to corner of Second and Una.
Location
City
Cathlamet
County
Wahkiakum
Coordinates
46.20506, -123.38427
Additional Information
Tax Year
2025
Annual Taxes
$2,433
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
