950 Walnut St Kelso, WA 98626
Kelso AreaEstimated payment $20,452/month
Highlights
- Board and Batten Siding
- 20 Car Garage
- Mini Split Air Conditioners
- Forced Air Heating System
- Level Lot
About This Home
Exceptional investment opportunity to acquire a portfolio of five newer (2023-built) duplexes, totaling 10 fully occupied units in the growing Kelso market. With every unit currently leased at fair market rents, this turnkey investment offers immediate, consistent cash flow without the hassle of securing new tenants. Three duplexes feature a well-designed 1,494 SF floor plan per unit, while the remaining two offer the larger 1,809 SF plan per unit. Every unit includes 3 bedrooms, 2.5 bathrooms, quartz countertops, stainless steel appliances, spacious walk-in closets, walk-in showers, fully fenced & usable backyards, heat pumps with mini-split heating and cooling systems, garage and extended driveways providing ample tenant and guest parking. Ideally located with quick access to I-5, Longview, grocery stores, shopping, dining, schools, nearby golf course, and everyday amenities, this portfolio combines modern construction with a convenient location that continues to attract tenants. Whether you're expanding an existing portfolio or making your next multifamily investment, this rare offering delivers strong rental income, low-maintenance ownership, and outstanding long-term investment potential. All offers are subject to interior inspection.
Listing Agent
Real Broker LLC Brokerage Email: danbrealtor@gmail.com License #132688 Listed on: 07/31/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,071
Year Built
- Built in 2023
Lot Details
- Level Lot
Home Design
- Composition Roof
- Board and Batten Siding
- Lap Siding
- Cement Siding
- Concrete Perimeter Foundation
Interior Spaces
- 16,200 Sq Ft Home
- 2-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 30 Bedrooms
- 30 Bathrooms
Parking
- 20 Car Garage
- Driveway
Schools
- Wallace Elementary School
- Coweeman Middle School
- Kelso High School
Utilities
- Mini Split Air Conditioners
- Forced Air Heating System
- Heat Pump System
- Mini Split Heat Pump
Listing and Financial Details
- Assessor Parcel Number 2364701
Community Details
Overview
- 10 Units
Building Details
- Operating Expense $44,700
- Gross Income $265,200
- Net Operating Income $220,500
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,071 | $573,300 | $29,820 | $543,480 |
| 2024 | $7,071 | $566,740 | $29,820 | $536,920 |
| 2023 | $3,030 | $248,610 | $28,400 | $220,210 |
| 2022 | $577 | $28,400 | $28,400 | $0 |
| 2021 | $532 | $42,500 | $42,500 | $0 |
| 2020 | $527 | $36,960 | $36,960 | $0 |
| 2019 | $540 | $36,960 | $36,960 | $0 |
| 2018 | $532 | $36,960 | $36,960 | $0 |
| 2017 | $526 | $33,600 | $33,600 | $0 |
| 2016 | $766 | $33,600 | $33,600 | $0 |
| 2015 | $784 | $49,960 | $49,960 | $0 |
| 2013 | -- | $55,510 | $55,510 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/31/2026 07/31/26 | For Sale | $3,600,000 | +900.0% | $222 / Sq Ft | |
| 03/31/2022 03/31/22 | Sold | $360,000 | -10.0% | -- | View Prior Sale |
| 12/17/2021 12/17/21 | Pending | -- | -- | -- | |
| 11/04/2021 11/04/21 | For Sale | $400,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $5,548 | Stewart Title Guaranty Company | |
| Warranty Deed | $262,000 | Cowlitz County Title Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,900,000 | Construction | |
| Previous Owner | $60,000 | Purchase Money Mortgage |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 378224095
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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