Property Details
572 Columbia Street
Cathlamet, WA 98612
$699,900
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Property Overview
*UNIQUE OPPORTUNITY ALERT* This is a new construction Triplex built in 2024 situated on a rivers edge with amazing VIEWS! Watch the boats float by and the sunsets from every level. Every unit consists of high end finishes, quarts counters, and all appliances owned by seller. Top 2 units are 2 bed 2bath units and the bottom unit is a 1bd 1ba. This could be a great long term investment, you could live in one unit and collect rent on the other 2 units, or maybe you need to utilize all 3 units to yourself? Triplexs can sometimes be finaced as a single family residence. Talk to your local lender today!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Wahkiakum
Neighborhood
Cathlamet
Listed
Mar 6, 2025
Original Price
$875,000
Structure Type
Duplex
New Construction
Yes
Parcel Number
110806110070
Tax & HOA
Annual Property Tax
$1,596 (2025)
Est. Monthly Tax
$133/mo
Financial Summary
Cap Rate
5.30%
Net Operating Income
$37,189
Gross Scheduled Income
$52,800
Gross Rent Multiplier
13.25
Total Expenses
$15,611
Building & Use
Building Sq Ft
2,924
Leasable Area
3,100 sqft
Total Units
3
Lot Size
12,537 sqft
Year Built
2024
Exterior & Lot
Lot Size
0.29 sqft
Year Built
2024
Exterior Materials
Cement Plank
Sewer
Sewer Connected
Exterior Features
Cement Planked
Community & Access
Directions
Ocean Beach, left Columbia St, property on left
Location
City
Cathlamet
County
Wahkiakum
Coordinates
46.19696, -123.37869
Additional Information
New Construction
Yes
Tax Year
2025
Annual Taxes
$1,596
Possession
Array
