Rare investment opportunity with this double duplex package in Kelso, 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-bed/1-bath units, each offering a covered patio & carport parking. The upper duplex offers a multilevel design, including one 2-bed/2-bath unit & one 2-bed/1-bath unit, with three car garage for covered parking. Each unit is equipped with laundry hook-ups for added convenience. Currently offered at a 6% cap rate & presents strong upside potential through value-add improvements and rent adjustments to match current market rates.
Don't miss out on this charming corner duplex investment opportunity. This well-maintained property features two units: a spacious 3-bedroom, 1-bath unit with a large laundry room, attached one-car garage, and a generous fenced backyard with side yard. The second unit is a thoughtfully designed 1-bedroom, ¾-bath with private off-street parking. Together, the duplex offers 1,572 SF of living space plus nearly 300 SF of garage space, all situated on a 4,800 SF lot. Long-term tenants are already in place, ensuring immediate income, with the opportunity to boost returns by adjusting rents to market value. Whether you're a seasoned investor or just starting out, this turnkey property is a smart addition to any portfolio.
Take advantage of this prime multi-family investment opportunity in Kelso. This 4-plex offers a total of 3,750 SF of living space, situated on a 5,000 SF lot. Each of the four units features a 2 bedrooms and 1 bathroom, with individual unit sizes ranging from 900 to 950 SF. Two of the units have been thoughtfully remodeled while the remaining two units have maintained their original condition due to long-term tenants, offering further potential for value-add upgrades. The property offers individual water meters for each unit, with the landlord currently covering these costs—offering potential for expense reduction. Currently delivering a 6% CAP Rate, this property presents strong cash flow with room for upside.
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Kelso is located in Washington. Kelso, Washington has a population of 12,566. Kelso is less family-centric than the surrounding county with 19.23% of the households containing married families with children. The county average for households married with children is 26.84%.
The median household income in Kelso, Washington is $51,203. The median household income for the surrounding county is $64,506 compared to the national median of $69,021. The median age of people living in Kelso is 38.2 years.
The average high temperature in July is 76.9 degrees, with an average low temperature in January of 33.8 degrees. The average rainfall is approximately 60.4 inches per year, with 3.8 inches of snow per year.