504 N 7th Avenue · Kelso, WA 98626
Source: NWMLS · Windermere Northwest Living · David Thelin #NWM2477548
About this home
Fantastic investment opportunity! This well-maintained 4-plex is a strong, turnkey addition to any rental portfolio, offering solid income and a current cap rate of approximately 7.5% with excellent cash flow. The property has a history of stable, long-term tenants and shows pride of ownership throughout. Three units feature 2 bedrooms and 1 bath, each with a dedicated storage unit and covered parking space. The fourth unit has been thoughtfully converted to a 3-bedroom, expanding rental potential and versatility. Residents enjoy a large shared balcony, and the on-site laundry room has been updated with a new electrical panel and its own hot water tank. The coin-operated laundry provides reliable additional income. Opportunities like this don’t come along often—secure this high-performing asset for your portfolio today.
Location
Basics
- Property type
- Multi Family
- Style
- 4-Plex
- Stories
- 2 stories
- Condition
- Good
- Year built
- 1966
- Building area
- 3,326 sq ft
- Lot size
- 5,000 sq ft (0.11 acres)
- County
- Cowlitz
- MLS #
- NWM2477548
Interior
- Heating
- Wall Furnace
- Cooling
- None
- Flooring
- Vinyl, Carpet
Exterior & lot
- Exterior features
- Wood
- Roof
- Torch Down
- Foundation
- Poured Concrete
- Lot features
- Curbs, Paved, Sidewalk
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 4
- Garage
- 4
- Covered spaces
- 4
Utilities
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Old Kelso Hill
- Property tax
- $5,807 (2025)
Transaction
- Original list price
- $725,000 (3.4% price cut)
- Listed on
- Feb 12, 2026
- Days on market
- 211
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2025-03-10
- Sold$624,000
Schools
School district: Kelso
- Elementary
- Barnes Elem
- Middle
- Huntington Jnr High
- High
- Kelso High SchoolSchoolDigger 1 star · Top 74% in WA

Listing provided courtesy of: Windermere Northwest Living
Listing agent: David Thelin.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-17.