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520 Columbia St - 520 Columbia St Cathlamet - Stunning Triplex 3 Unit Apartment Building Offered at $1,021,668 CAD at a 6.68% Cap Rate Cathlamet, WA 98612

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INVESTMENT HIGHLIGHTS

  • Beautifully Remodeled Triplex

EXECUTIVE SUMMARY

MOTIVATED SELLERS! Lot next door with plans can be included as package deal for a great price! RARE INVESTMENT OPPORTUNITY!! Fully remodeled in 2024, this triplex near downtown Cathlamet offers three turnkey units with modern finishes and thoughtful design. The property includes two 2-bedroom, 1-bath units and studio unit, each featuring abundant natural light and comfortable living. Full studs out remodel with all new electrical, plumbing, siding, roof, windows, heating and cooling and so much more! The larger units showcase stunning views of the Cathlamet Channel leading into the Columbia River, along with views of the bridge & surrounding landscapes. 3 car garage for parking and storage! Conveniently located within walking distance to local schools & all of downtown’s shopping, dining, and amenities, this triplex is fully equipped and ready for its next cash-flowing owner. Great property for owner occupied buyers or to add to your investment portfolio. Reach out for more features and details on this remarkable opportunity.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Price $1,021,668 CAD
Price Per Unit $340,556 CAD
Sale Type Investment
Cap Rate 6.68%
Sale Condition Bulk/Portfolio Sale
Gross Rent Multiplier 13.3
No. Units 3
Property Type
Multifamily
  • General Retail Storefront Retail/Residential
  • Multifamily Apartments
  • Multifamily Dormitory
Lot Size 0.80 AC
Building Size 3,004 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1965/2024
Parking Ratio 1/1,000 SF

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 2 $2,489 CAD 1,260
1+1 1 $1,521 CAD 484

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
110806110015
Land Assessment
$144,154 CAD
Improvements Assessment
$324,382 CAD
Total Assessment
$468,537 CAD
  • Listing ID: 38226566

  • Date on Market: 2025-10-27

  • Last Updated:

  • Address: 520 Columbia St, Cathlamet, WA 98612

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