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$655,000

  • Sold
  • Closed
  • Multi-Family

Listed by Chris Roewe | Woodford Commercial RE | (360) 501-5500
Sold by Erica L. Rodman | Woodland Real Estate LLC

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Rare multifamily fourplex opportunity in Kalama! Sits on a 10,498 SF lot two blocks from downtown & features four 2 Bed/1 Bath units with parking in the back. Each unit is equipped with laundry hook-ups, vaulted ceilings & balconies on upper floor units, patios on bottom units, large bedrooms, & oversized living rooms. Historically stable, long-term tenants in place, this property generates consistent income & presents strong upside potential through value-add improvements & rent adjustments to match current market rates. Offered at a 6.7% cap rate & served by Kalama utilities, this is a solid opportunity for investors looking to grow their portfolio or secure a dependable income-producing asset. Interior tours upon mutual acceptance.

Full Property Details for 264 N 2nd St

General

  • Sold For: $655,000
  • Taxes: $4,492 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2416672
  • Added to Site: 166 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Parking

  • Uncovered Spaces: 6

Location

  • Area: 420 - South County/Woodland
  • County: Cowlitz
  • Subdivision: Kalama
  • Driving Directions: I-5 N, Exit 30 Toward Kalama, Right on Elm, Left on 2nd, Destination is 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: Baseboard

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Wood Products
  • Foundation: Block
  • Roof: Composition
  • Stories in Building: 2
  • Year Built: 1990
  • Property Condition: Good

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.241
  • Lot Size (Sq. Ft.): 10,498
  • Lot Size Source: Public Records
  • Lot Features: Curbs, Paved, Sidewalk
  • Zoning: Residential

Financial Considerations

  • Tax Amount: $4,492
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 40126

Listed by Chris Roewe | Woodford Commercial RE | (360) 501-5500
Sold by Erica L. Rodman | Woodland Real Estate LLC

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 264 N 2nd St

School District:Kalama School District
NameGradesDistance
Kalama Elementary School
548 China Garden Road, Kalama, WA 98625
K-50.3 mi
Kalama Middle School
548 China Garden Road, Kalama, WA 98625
6-80.3 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 264 N 2nd St

Date
Details
Price
Change
Source
9/05/2025
Sold
$655,000
9.18%
MLS
8/04/2025
Listed
$599,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Chris Roewe | Woodford Commercial RE | (360) 501-5500
Sold by Erica L. Rodman | Woodland Real Estate LLC

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Recent Sales near 264 N 2nd St

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599 N 5th St, Kalama, WA 98625 - Photo 1 Sold
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599 N 5th St  Kalama, WA 98625

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599 N 5th  Kalama, WA 98625

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264 N 2nd Street, Kalama, WA 98625 (MLS# 2416672) is a Multi-Family property that was sold at $655,000 on September 05, 2025. Want to learn more about 264 N 2nd Street? 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.