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.
Sold
Listed by: Woodford Commercial RE
Bought with: Woodland Real Estate LLC
$655,000
264 N 2nd Street, Kalama, WA 98625
8beds
4baths
--sqft
Multi Family
Built in 1990
-- sqft lot
$653,900 Zestimate®
$--/sqft
$1,047 Estimated rent
Home value
$653,900
$582,000 - $732,000
$1,047/mo
Zestimate® history
Owner options
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$3,940/mo
Est. payment
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$3,940/mo
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Zillow last checked:
Listing updated:
Offers reviewed: Aug 07
Listed by:
Chris Roewe,
Woodford Commercial RE
Bought with:
Erica L. Rodman, 18852
Woodland Real Estate LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2416672
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 6
- Parking features: Open
- Uncovered spaces: 6
Lot
- Size: 10,497 sqft
- Features: Curbs, Paved, Sidewalk
Details
- Parcel number: 40126
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Products
- Foundation: Block
- Roof: Composition
Condition
- Good
- Year built: 1990
- Major remodel year: 1990
Utilities & green energy
- Electric: Company: Cowlitz PUD
- Sewer: Sewer Connected, Company: City of Kalama
- Water: Company: City of Kalama
Community & neighborhood
Location
- Region: Kalama
- Subdivision: Kalama
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 176 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Sold | $655,000+9.2% |
Source:  NWMLS as distributed by MLS GRID #2416672 Report a problem | ||
| 8/8/2025 | Pending sale | $599,900 |
Source: NWMLS as distributed by MLS GRID #2416672 Report a problem | ||
| 8/4/2025 | Listed for sale | $599,900 |
Source: NWMLS as distributed by MLS GRID #2416672 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 98625
Nearby schools
GreatSchools rating
- 7/10Kalama Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Kalama Middle SchoolGrades: 6-8Distance: 0.2 mi
- 6/10Kalama High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Kalama Elem
- Middle: Kalama Jnr Snr High
- High: Kalama Jnr Snr High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$653,900
2% more
+$13,078
With Zillow Showcase(estimated)
$666,978
- Washington
- Cowlitz County
- Kalama
- 98625
- 264 N 2nd Street
Nearby cities
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