264 N 2nd Street, Kalama, WA 98625
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners



Listed by:chris roewe
Office:woodford commercial re
MLS#:2416672
Source:NWMLS
264 N 2nd Street,Kalama, WA 98625
$599,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Price summary
- Price:$599,900
About this home
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.
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Home facts
- Year built:1990
- Listing Id #:2416672
- Updated:August 08, 2025 at 02:57 AM
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1990
- Lot area:0.24 Acres
Schools
- High school:Kalama Jnr Snr High
- Middle school:Kalama Jnr Snr High
- Elementary school:Kalama Elem
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$599,900
- Tax amount:$4,492 (2025)
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