950 Walnut Street Kelso, WA $ 3,600,000
950 Walnut Street
$ 3,600,000
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950 Walnut Street

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

Monthly Estimate*

$ 22,731

Listed by Real Broker LLC
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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 on a lot size of 0.9354.

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

$ 36,000

Style

Duplex

Lot Size

0.9354

Year Built

2023

Town/City

Kelso

County/Region

Cowlitz

MLS | Web ID

2562636

Features
General
Living Area 0
Sewer Sewer Connected
Heating Ductless Forced Air Heat Pump
Cooling Ductless Forced Air Heat Pump
Possession See Remarks Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 10
Year Built 2023
Property Subtype Multi Family
Tax Year 2025
County Cowlitz
Net Operating Income 220500
Insurance Expense 8700
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Kelso
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Walnut St & Willow St Kelso
City Kelso
Senior Community Y/N N
High School District Kelso
Zoning Description Multi-Family
Number Of Units Total 10
MLS Area 418 - South Kelso
Lot Size Units Square Feet
Lot Size Square Feet 40745
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 36000
Electric Expense 0
Fuel Expense 0
Property Condition Very Good
Public Remarks 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 ma
Leasable Area 16200
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Units In Building Total 10
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 6.13
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Exterior
Exterior Amenities Cement Planked See Remarks
Total Parking 15
Foundation Details Poured Concrete
Building Area Total 16200
Lot Size Acres 0.9354
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 15
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Interior
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2562636
Street Number 1 950
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* Excluded Features
List By
Daniel Belza

Listing Agent

Real Broker Llc

Broker

Affordability Calculator

$25,731
Per Month
88%
12%
0%
Monthly Principal & Interest
$22,731
Monthly Property Taxes
$3,000
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
257840 Elementary School
258294 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/31/2026$3,600,000 Listed Price

Map


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950 Walnut Street, Kelso, WA, 98626 is a Multi-Family Home for sale at $3,600,000 with 16,200 sqft and a lot size of 0.9354. 950 Walnut Street has 30 bedrooms, 30.0 baths, and was built in 2023. The property's zip code is 98626 which is in Kelso, WA