1833 C St - Apartments FOR SALE


Washougal, WA 98671- Downtown Washougal
$1,100,000 USD
503-200-2058
1833 C St, Washougal, WA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/12
null | 5.52% Cap Rate

1833 C St
Washougal, WA 98671
Downtown Washougal


OVERVIEW

This charming eight-unit complex, located at 1833 C Street, offers both historic character and modern touches—positioning it perfectly to capitalize on Washougal’s dynamic growth and revitalization efforts. Washougal is rapidly emerging as a hub for outdoor recreation, local commerce, and quality housing. The city’s highly anticipated Washougal Towncenter Revitalization (WTR) project promises a vibrant community space, Washougal’s first off-leash dog park, a pocket park, a splash pad, and more—creating a family-friendly environment that attracts residents and businesses alike. Adding to Washougal’s appeal is its strategic location just 20 minutes from Portland, close to the Portland International Airport, and near the scenic Columbia River Gorge National Scenic Area. This ideal combination of accessibility, natural beauty, and community growth has already spurred strong tenant demand. Favorable Financial & Tax Environment Property Taxes: Washougal’s property tax rate of $14.22 per $1,000 is competitive, especially relative to the greater Portland area. No State Income Tax: Washington’s business-friendly climate means both residents and investors benefit from no state income tax. Stable Rents: Clark County’s average monthly rent ($1,710) remains higher than Portland’s ($1,650), reinforcing the area’s robust demand for quality rental units. Future Growth Potential While Washougal is experiencing a wave of new developments, it retains a small-town charm that continues to attract renters looking for a balance between urban convenience and scenic surroundings. The WTR project’s planned improvements—including additional park space, public amenities, and expanded parking—are expected to further uplift property values and rental demand. An investment in 1833 C Street means tapping into a vibrant, evolving market that combines steady cash flow potential with the promise of long-term appreciation. The property’s strategic location, modern upgrades, and proximity to Washougal’s new developments create a compelling addition to any investor’s portfolio seeking stability and growth.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

8

PRICE/UNIT

$137,500

CAP RATE

5.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

TC-C, Washougal

APN/PARCEL ID

073351-000

ASK ABOUT THIS PROPERTY

Georgie Christensen-RileyMarcus & MillichapMore Info
503-200-2058

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Georgie Christensen-RileyMarcus & MillichapMore Info
503-200-2058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.