Property Details
302 3rd Street
Woodland, WA 98674
$995,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 18
Property Overview
Modern, low-maintenance fourplex in the heart of Woodland, offering immediate stability and strong, proven income. Offered at its current appraised value, this property represents a secure investment from day one. The building has been beautifully remodeled with high-quality finishes, efficient mechanical systems, and a durable metal roof designed to keep ongoing capital expenditures minimal. Each unit is currently leased and performing, generating a reliable $6,645/month with remarkably low operational expenses. Situated in a prime, highly rentable location, tenants enjoy being just a short walk to Horseshoe Lake Park and under 20 minutes to Vancouver, WA. This is a rare opportunity to acquire a fully stabilized asset combining immediate cash flow, premium design quality, and predictable performance in one of SW Washington’s steadiest growth markets. Buyer to verify all information. Please do not disturb tenants; interior showings are available after an accepted offer. Owner/Broker.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Cowlitz
Neighborhood
Woodland
Listed
Jun 21, 2026
Structure Type
Quadruplex
Parcel Number
5054501
Tax & HOA
Annual Property Tax
$4,777 (2026)
Est. Monthly Tax
$398/mo
Financial Summary
Cap Rate
6.46%
Net Operating Income
$64,321
Gross Scheduled Income
$79,740
Gross Rent Multiplier
12.50
Total Expenses
$15,419
Building & Use
Building Sq Ft
3,062
Leasable Area
3,062 sqft
Total Units
4
Lot Size
10,019 sqft
Year Built
1971
Exterior & Lot
Lot Size
0.23 sqft
Year Built
1971
Exterior Materials
Cement, Wood
Sewer
Sewer Connected
Lot Features
Dead End Street, Sidewalk
Exterior Features
Cement/Concrete, Wood, Wood Products
Community & Access
Directions
From I-5 Exit 21, head east on Lewis River Rd (WA-503). Right on Davidson Ave, then left on 3rd St. Property on left at 302 3rd St.
Location
City
Woodland
County
Cowlitz
Coordinates
45.89969, -122.74974
Additional Information
Tax Year
2026
Annual Taxes
$4,777
Possession
Array
Based on information submitted to the MLS GRID as of June 23, 2026 9:10 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.