Property Details
301 SW 5th Avenue
Kelso, WA 98626
$325,000
Pending
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Property Overview
Unlock immediate cash flow and substantial upside with this versatile duplex, perfectly positioned for the savvy investor or house-hacker. Features two units, each equipped with in-suite laundry and access to a 2-car detached garage to maximize tenant retention and convenience. The second-floor unit (872 sq. ft.) offers a 2-bedroom, 1-bathroom layout currently leased by a reliable, long-term tenant, while the main-floor unit (804 sq. ft.)—a spacious 1-bedroom plus a versatile bonus room—sits vacant and move-in ready. Whether you choose to set market rents for a proforma CAP rate or occupy the vacant unit and let the rental income offset your mortgage, this well-located asset delivers the rare combination of day-one stability and a clear path to increased returns. Call your realtor for showing and more details.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Cowlitz
Neighborhood
Kelso
Listed
Mar 5, 2026
Financial Summary
Cap Rate
5.80%
Net Operating Income
$19,020
Gross Scheduled Income
$25,200
Gross Rent Multiplier
12.90
Total Expenses
$6,180
Building & Use
Building Sq Ft
1,606
Leasable Area
1,676 sqft
Total Units
2
Lot Size
5,001 sqft
Year Built
1900
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1900
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Corner Lot
Exterior Features
Wood Products
Location
City
Kelso
County
Cowlitz
Coordinates
46.14464, -122.92113
Additional Information
Tax Year
2026
Annual Taxes
$2,946
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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.
