This fourplex, located in the beautiful hills of Kalama, is approx. 4,500 SF & sits on a large corner lot with approx. 23,522 SF. Features four 3 Bed/1 Bath units, patios on bottom units, decks for the upper units, & a four-car carport. Shared laundry room & hook-up in one of the units for added convenience. With stable, long-term tenants already in place, this property generates consistent income & presents strong upside potential through continued value-add improvements & rent adjustments to match current market rates. Currently offered at a 7% CAP Rate & served by Kalama water & septic, solid opportunity for investors looking to grow their portfolio or secure a dependable income-producing asset. Interior tours upon mutual acceptance.
Pending
Listed by:
Chris Roewe,
Woodford Commercial RE
$699,900
101 Spencer Creek Road, Kalama, WA 98625
12beds
4baths
4,500sqft
Est.:
Quadruplex
Built in 1966
-- sqft lot
$691,900 Zestimate®
$156/sqft
$-- HOA
What's special
Shared laundry roomFour-car carportPatios on bottom unitsCorner lot
- 21 days
- on Zillow |
- 489 |
- 31 |
Zillow last checked: 7 hours ago
Listing updated: August 14, 2025 at 04:55pm
Offers reviewed: Aug 14
Listed by:
Chris Roewe,
Woodford Commercial RE
Source: NWMLS,MLS#: 2418490

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
Heating
- Other – See Remarks, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
Property
Parking
- Total spaces: 6
- Parking features: Open
- Carport spaces: 4
- Uncovered spaces: 2
Lot
- Size: 0.54 Acres
- Features: Corner Lot, Paved
Details
- Parcel number: 62788
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Products
- Foundation: Block
- Roof: Composition
Condition
- Good
- Year built: 1966
- Major remodel year: 1966
Utilities & green energy
- Electric: Company: Cowlitz PUD
- Sewer: Septic Tank, Company: septic
- Water: Company: City of Kalama
Community & HOA
Community
- Subdivision: Kalama
Location
- Region: Kalama
Financial & listing details
- Price per square foot: $156/sqft
- Annual tax amount: $4,485
- Offers reviewed: 08/14/2025
- Date on market: 8/6/2025
- Cumulative days on market: 23 days
- Listing terms: Cash Out,Conventional
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