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302 3rd St 4 Unit Apartment Building $1,100,000 ($275,000/Unit) 6.24% Cap Rate Woodland, WA 98674
EXECUTIVE SUMMARY
Modern, low-maintenance fourplex in the heart of Woodland with strong income and future development potential. Beautifully remodeled with modern finishes, efficient systems, and a durable metal roof. Each unit is leased and performing, generating $6,645/month with minimal expenses.
Located just a short walk to Horseshoe Lake Park and under 20 minutes to Vancouver, WA. City pre-consult outlines a path for four additional units on the lot. Reliable income, design quality, and expansion potential in one of SW Washington’s most promising growth markets.
Buyer to verify all information and future use potential. Please do not disturb tenants; interior showings after accepted offer. Owner/Broker.
MLS #: 2446293
Located just a short walk to Horseshoe Lake Park and under 20 minutes to Vancouver, WA. City pre-consult outlines a path for four additional units on the lot. Reliable income, design quality, and expansion potential in one of SW Washington’s most promising growth markets.
Buyer to verify all information and future use potential. Please do not disturb tenants; interior showings after accepted offer. Owner/Broker.
MLS #: 2446293
PROPERTY FACTS
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.24% | Building Size | 3,010 SF |
| Gross Rent Multiplier | 13.8 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2025 |
| Property Subtype | Apartment | ||
| Zoning | R03 | ||
| Price | $1,100,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| Gross Rent Multiplier | 13.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,010 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1971/2025 |
| Zoning | R03 |
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PROPERTY TAXES
| Parcel Number | 5-054501 | Improvements Assessment | $363,090 |
| Land Assessment | $58,330 | Total Assessment | $421,420 |
PROPERTY TAXES
Parcel Number
5-054501
Land Assessment
$58,330
Improvements Assessment
$363,090
Total Assessment
$421,420
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Skyline Properties Inc
302 3rd St
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