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.
Sold
Listed by:
Chris Roewe,
Woodford Commercial RE
Bought with: Key Results Real Estate
$780,000
101 Spencer Creek Road, Kalama, WA 98625
12beds
4baths
4,500sqft
Quadruplex
Built in 1966
-- sqft lot
$789,100 Zestimate®
$173/sqft
$1,870 Estimated rent
Home value
$789,100
$702,000 - $884,000
$1,870/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 20, 2025 at 04:03am
Offers reviewed: Aug 14
Listed by:
Chris Roewe,
Woodford Commercial RE
Bought with:
Emory J.Storedahl, 99671
Key Results Real Estate
Source: NWMLS,MLS#: 2418490
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 & neighborhood
Location
- Region: Kalama
- Subdivision: Kalama
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 8 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $780,000+11.4%$173/sqft |
Source:  NWMLS #2418490 Report a problem | ||
| 8/14/2025 | Pending sale | $699,900$156/sqft |
Source: NWMLS #2418490 Report a problem | ||
| 8/8/2025 | Listed for sale | $699,900$156/sqft |
Source: NWMLS #2418490 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 98625
Nearby schools
GreatSchools rating
- 8/10Kalama Elementary SchoolGrades: K-5Distance: 2.3 mi
- 4/10Kalama Middle SchoolGrades: 6-8Distance: 2.3 mi
- 6/10Kalama High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Kalama Elem
- Middle: Kalama Jnr Snr High
- High: Kalama Jnr Snr High
Source: NWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$789,100
2% more+ $15,782
With Zillow Showcase(estimated)
$804,882