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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