Property Details
950 Walnut Street
Kelso, WA 98626
$3,600,000
Active
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Cowlitz
Neighborhood
Kelso
Listed
Jul 31, 2026
Structure Type
Duplex
Parcel Number
2364701
Tax & HOA
Annual Property Tax
$36,000 (2025)
Est. Monthly Tax
$3,000/mo
Financial Summary
Cap Rate
6.13%
Net Operating Income
$220,500
Gross Scheduled Income
$265,200
Gross Rent Multiplier
13.57
Total Expenses
$44,700
Building & Use
Building Sq Ft
16,200
Leasable Area
16,200 sqft
Total Units
10
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
40,746 sqft
Year Built
2023
Exterior & Lot
Lot Size
0.94 sqft
Year Built
2023
Garage
10 spaces
Exterior Materials
Cement Plank, See Remarks
Sewer
Sewer Connected
Exterior Features
Cement Planked, See Remarks
Community & Access
Directions
Walnut St & Willow St, Kelso
Location
City
Kelso
County
Cowlitz
Coordinates
46.13055, -122.90781
Additional Information
Tax Year
2025
Annual Taxes
$36,000
Possession
Array
Based on information submitted to the MLS GRID as of August 6, 2026 7:30 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.
