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$780,000
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Property Description
This fourplex, located in the beautiful hills of Kalama, is approx. 4,500 SF & sits on a large corner lot with approx. 23,522 SF. Features four 3 Bed/1 Bath units, patios on bottom units, decks for the upper units, & a four-car carport. Shared laundry room & hook-up in one of the units for added convenience. With stable, long-term tenants already in place, this property generates consistent income & presents strong upside potential through continued value-add improvements & rent adjustments to match current market rates. Currently offered at a 7% CAP Rate & served by Kalama water & septic, solid opportunity for investors looking to grow their portfolio or secure a dependable income-producing asset. Interior tours upon mutual acceptance.
Full Property Details
Full Property Details for 101 Spencer Creek Rd
General
- Sold For: $780,000
- Taxes: $4,485 (2025)
- Status: Closed
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2418490
- Added to Site: 164 day(s) ago
Interior
- Flooring: Vinyl, Carpet
Parking
- Carport Spaces: 4
- Uncovered Spaces: 2
Location
- Area: 420 - South County/Woodland
- County: Cowlitz
- Subdivision: Kalama
- Driving Directions: I-5 North, Exit 32 for Kalama River Rd, Right on Kalama River Rd, Right on Modrow Rd, Right on Spencer Creek Rd, Destination will be on the right.
School Information
- High School District: Kalama
- Elementary School: Kalama Elem
- Middle School: Kalama Jnr Snr High
- High School: Kalama Jnr Snr High
Heating & Cooling
- Cooling Type: None
- Heating Type: Other – See Remarks
Utilities
- Sewer: Septic Tank
Structural Information
- Structure Type: Quadruplex
- Exterior Const.: Wood Products
- Foundation: Block
- Roof: Composition
- Stories in Building: 2
- Square Feet: 4,500
- Year Built: 1966
- Property Condition: Good
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 0.54
- Lot Size (Sq. Ft.): 23,522
- Lot Size Source: Public Records
- Lot Features: Corner Lot, Paved
Financial Considerations
- Tax Amount: $4,485
- Tax Year: 2025
- Terms: Cash Out, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 62788
Listed by Chris Roewe | Woodford Commercial RE | (360) 501-5500
Sold by Emory J.Storedahl | Key Results Real Estate
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Schools
Schools serving 101 Spencer Creek Rd
School District:Kalama School District
| Name | Grades | Distance |
|---|---|---|
Kalama Elementary School 548 China Garden Road, Kalama, WA 98625 | K-5 | 2.3 mi |
Kalama Middle School 548 China Garden Road, Kalama, WA 98625 | 6-8 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 101 Spencer Creek Rd
Date
Details
Price
Change
Source
9/19/2025
Sold
$780,000
11.44%
MLS
8/07/2025
Listed
$699,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
101 Spencer Creek Road, Kalama, WA 98625 (MLS# 2418490) is a Multi-Family property that was sold at $780,000 on September 19, 2025. Want to learn more about 101 Spencer Creek Road? Do you have questions about finding other Multi-Family real estate for sale in Kalama? You can browse all Kalama real estate or contact a Coldwell Banker agent to request more information.

