1833 C St
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1833 C St
8 Unit Block of Flats £881,650 (£110,206/Unit) 5.52% Net Initial Yield Washougal, WA 98671
Executive Summary
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.
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.
Property Facts
| Price | £881,650 | Apartment Style | Low Rise |
| Price Per Unit | £110,206 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Net Initial Yield | 5.52% | Building Size | 3,269 SF |
| Gross Rent Multiplier | 10.31 | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | £881,650 |
| Price Per Unit | £110,206 |
| Sale Type | Investment |
| Net Initial Yield | 5.52% |
| Gross Rent Multiplier | 10.31 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,269 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
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PROPERTY TAXES
| Parcel Number | 073351-000 | Improvements Assessment | £493,666 |
| Land Assessment | £87,101 | Total Assessment | £580,767 |
PROPERTY TAXES
Parcel Number
073351-000
Land Assessment
£87,101
Improvements Assessment
£493,666
Total Assessment
£580,767
zoning
| Zoning Code | TC-C, Washougal (Town Center Core) |
| TC-C, Washougal (Town Center Core) |
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1833 C St
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