- For Sale $550,000
- Property Type Multi-Family
- Property Size 3,984 SF
- Units 4
- Lot Size 25,700 SF
- Cap Rate % 6.4
- Rental Income / YR $49,980.00
- NOI / YR $35,201.00
- Taxes / YR $4,195.00
- Parking Spaces Avail. 4
- Parking Ratio 1.00 / 1,000 SF
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1968
- Date Updated Jul 22, 2025
Explore a rare investment opportunity with this double duplex package in Kelso, ideally situated on a spacious 25,700 SF lot with a serene, wooded backdrop, at the end of a dead-end road. The lower duplex features a classic oversized side-by-side layout with two 1-bedroom, 1-bathroom units, each offering a covered patio and carport parking. The upper duplex offers a multilevel design, including one 2-bedroom, 2-bathroom unit and one 2-bedroom, 1-bathroom unit, with three car garage for covered parking. Each unit is equipped with laundry hook-ups for added convenience. With stable, long-term tenants already in place, this property generates consistent income and presents strong upside potential through value-add improvements and rent adjustments to match current market rates. Currently offered at a 6.4% cap rate and served by Kelso utilities, this is a solid opportunity for investors looking to grow their portfolio or secure a dependable income-producing asset. Don’t miss out, contact us today for more information.
Reach out to the broker for more info on lease terms and amenities
Attachments
False
Contacts
Location
Getting Around
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Walk Score ®
28/100 Car-Dependent
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Transit Score ®
30/100 Some Transit
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Bike Score ®
65/100 Bikeable
- City Kelso, WA
- Neighborhood Longmont
- Zip Code 98626
- Market Portland
Frequently Asked Questions
The space currently listed for sale at 1921 & 1923 Teresa Way asks for $550,000.
1921 & 1923 Teresa Way totals 3,984 square feet.
1921 & 1923 Teresa Way was built in 1968.
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Woodford Commercial Real Estate