This charming home is loaded with possibilities. Undervalued, the property features a workshop with tons of storage space and an upstairs mother-in-law apartment with separate entrance. This corner lot boasts a huge back yard with ample space for a garden, playset, or extra room to relax and hang out. The backyard is alley accessible through a large, sliding gate, with enough room to park an RV. The siding is made of Hardie Board, which is designed to last just about forever so you won't need to worry about patching or replacing anything anytime soon. The mother-in-law apartment upstairs was part of the original design of the house so there will be no need to worry about potential permitting issues for property upgrades that were not filed.
An amazing property for a motivated investor willing to put in some sweat equity, this handyman special will be perfect for a variety of situations. From a multi family rental to a home with a private area for a parent or older child living at home, this residence is packed with potential.
We have had several offers and have a standing offer but are looking for the right fit. Not all rooms are pictured here yet as we are still going through the house and cleaning up from the former tenants. That said, the more we do, the less we will be willing to negotiate on price.
Please note, we are NOT interested in a real estate agent to represent this property. Please do not contact if you are a real estate agent unless you have an investor interested in buying the property.
Sold for $230,000
$230,000
507 Alder St, Kelso, WA 98626
3beds
1,826sqft
MultiFamily
Built in 1900
-- sqft lot
$295,800 Zestimate®
$126/sqft
$1,558 Estimated rent
Home value
$295,800
$251,000 - $340,000
$1,558/mo
Zestimate® history
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List your homeWhat's special
Corner lotPark an rv
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Wall, Electric
Cooling
- None
Appliances
- Included: Dryer, Range / Oven, Refrigerator
Features
- Flooring: Hardwood, Laminate, Linoleum / Vinyl
- Basement: None
Interior area
- Total interior livable area: 1,826 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off-street, Garage
Features
- Exterior features: Cement / Concrete
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 22768
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1900
Community & HOA
Location
- Region: Kelso
Financial & listing details
- Price per square foot: $126/sqft
- Tax assessed value: $257,460
- Annual tax amount: $3,214
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2025 | Sold | $230,000-17.9%$126/sqft |
Source: Public Record Report a problem | ||
| 7/28/2025 | Price change | $280,000-13.8%$153/sqft |
Source: Owner Report a problem | ||
| 7/15/2025 | Price change | $325,000+14%$178/sqft |
Source: Owner Report a problem | ||
| 7/11/2025 | Listed for sale | $285,000$156/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,214 +289.7% | $257,460 +4.4% |
| 2024 | $825 +2.9% | $246,660 +1.2% |
| 2023 | $802 -14.9% | $243,830 +0.3% |
| 2022 | $942 | $243,190 -12.9% |
| 2021 | $942 | $279,110 +11.7% |
| 2020 | -- | $249,940 +23.6% |
| 2019 | $762 +21.2% | $202,225 |
| 2018 | $629 +3.2% | -- |
| 2017 | $610 +3.3% | $135,380 +15.7% |
| 2016 | $590 +59% | $116,990 +41.5% |
| 2015 | $371 +2.1% | $82,700 -0.2% |
| 2013 | $364 | $82,870 -18.4% |
| 2011 | $364 | $101,500 -7.1% |
| 2010 | -- | $109,250 +13.2% |
| 2006 | -- | $96,500 +14.3% |
| 2005 | -- | $84,400 |
Find assessor info on the county website
Neighborhood: 98626
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Nearby schools
GreatSchools rating
- 5/10Wallace Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Coweeman Middle SchoolGrades: 6-8Distance: 1 mi
- 4/10Kelso High SchoolGrades: 9-12Distance: 0.9 mi
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- Washington
- Cowlitz County
- Kelso
- 98626
- 507 Alder St