950 WALNUT ST
Kelso, WA, 98626 $ 3,600,000
Bedrooms30 Baths30.0 Sq 16,200 Monthly Estimate*
$ 22,731
for $3,600,000 with 30 bedrooms and 30 full baths. This 16,200 square foot home was built in 2023.
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.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir HeatPump MiniSplit
Cooling HeatPump MiniSplit
Roof Composition
Zoning Multi
Year Built 2023
Stories Count 2
Tax Year 2025
Parcel Number 2364701
Gross Income 265200.0
County Cowlitz
Net Operating Income 220500.0
Operating Expense 44700.0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions Walnut St & Willow St Kelso
High School Kelso
City Kelso
Disclosures Disclosure
Number Of Units Total 10
MLS Area _82
Listing Terms Cash Conventional
Elementary School Wallace
Tax Annual Amount 7071.23
Middle/Junior High School Coweeman
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 595 (WALLACE AC TR 2) 35 -8N -2W KE18133 LOT 4 FKA -94 93A-2
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InteriorBasement CrawlSpace
Storage Garage
Hot Water Electricity Tank
Unit 1 Baths Total 6
Unit 1 Beds Total 6
Unit 2 Baths Total 6
Unit 2 Beds Total 6
Unit 3 Baths Total 6
Unit 3 Beds Total 6
Unit 4 Baths Total 6
Unit 4 Beds Total 6
Unit 5 Beds Total 6
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5
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ExteriorParking Features Driveway Garage
Lot Features Level
Water Source PublicWater
Total Parking 20.0
Exterior Description BoardBattenSiding CementSiding LapSiding
Foundation Details ConcretePerimeter
Building Area Total 16200.0
Road Surface Type Concrete Paved
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* Excluded FeaturesList Bydanbrealtor@gmail.comContact
Affordability Calculator
- Monthly Principal & Interest
- $22,731
- Monthly Property Taxes
- $589
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Kelso, WA
Average List Price $1,082,970
Percent of Sale Price 70%
About Kelso, WA 11,740 Population
2% Since 2002
$ 36,122 Median Income
37.6 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949621 Elementary School
1950517 Middle School
Kelso High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/31/2026 | $3,600,000 | | Listed Price |