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302 3rd St 4 Unit Apartment Building $995,000 ($248,750/Unit) 6.46% Cap Rate Woodland, WA 98674
Executive Summary
Modern, low-maintenance fourplex in the heart of Woodland, offering immediate stability and strong, proven income. Offered at its current appraised value, this property represents a secure investment from day one. The building has been beautifully remodeled with high-quality finishes, efficient mechanical systems, and a durable metal roof designed to keep ongoing capital expenditures minimal. Each unit is currently leased and performing, generating a reliable $6,645/month with remarkably low operational expenses.
Situated in a prime, highly rentable location, tenants enjoy being just a short walk to Horseshoe Lake Park and under 20 minutes to Vancouver, WA. This is a rare opportunity to acquire a fully stabilized asset combining immediate cash flow, premium design quality, and predictable performance in one of SW Washington’s steadiest growth markets.
Buyer to verify all information. Please do not disturb tenants; interior showings are available after an accepted offer. Owner/Broker.
Situated in a prime, highly rentable location, tenants enjoy being just a short walk to Horseshoe Lake Park and under 20 minutes to Vancouver, WA. This is a rare opportunity to acquire a fully stabilized asset combining immediate cash flow, premium design quality, and predictable performance in one of SW Washington’s steadiest growth markets.
Buyer to verify all information. Please do not disturb tenants; interior showings are available after an accepted offer. Owner/Broker.
Property Facts
| Price | $995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $248,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.46% | Building Size | 3,010 SF |
| Gross Rent Multiplier | 12.5 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2025 |
| Property Subtype | Apartment | ||
| Zoning | R03 | ||
| Price | $995,000 |
| Price Per Unit | $248,750 |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| Gross Rent Multiplier | 12.5 |
| 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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Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5-054501 | Improvements Assessment | $417,550 |
| Land Assessment | $58,330 | Total Assessment | $475,880 |
Property Taxes
Parcel Number
5-054501
Land Assessment
$58,330
Improvements Assessment
$417,550
Total Assessment
$475,880
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Presented by
Skyline Properties Inc
302 3rd St
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