950 WALNUT ST Kelso, WA $ 3,600,000
950 WALNUT ST
$ 3,600,000
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950 WALNUT ST

Kelso, WA, 98626
$ 3,600,000
Bedrooms30 Baths30.0 Sq 16,200

Monthly Estimate*

$ 22,731

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Multi-Family Home for sale in Kelso, WA

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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Multi-Family Active

Price

$ 3,600,000

Bedrooms

30

Full Bath

30

Property Type

Multi-Family

Taxes

$ 7,071

Style

Year Built

2023

Town/City

Kelso

County/Region

Cowlitz

MLS | Web ID

378224095

Features
General
Sewer 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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Interior
Basement 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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Exterior
Parking 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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Internal Only
Street Number 1 950
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* Excluded Features
List By
Real Broker Llc

Broker

danbrealtor@gmail.com

Contact

Affordability Calculator

$23,320
Per Month
97%
3%
0%
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.
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Nearby
1949621 Elementary School
1950517 Middle School
Kelso High School High School
Pricing History
DatePricePrice ChangeDescription
7/31/2026$3,600,000 Listed Price

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950 WALNUT ST, Kelso, WA, 98626 is a Multi-Family Home for sale at $3,600,000 with 16,200 sqft. 950 WALNUT ST has 30 bedrooms, 30.0 baths, and was built in 2023. The property's zip code is 98626 which is in Kelso, WA