# 116 E Main St, Goldendale, WA 98620 > **TL;DR:** commercial, $289,000 ($145/sqft), built 1948, 2,000 sqft. > A/C. Est. $1,545/mo. Listed 21 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $289,000 | | Price/sqft | $145 | | Square Feet | 2,000 | | Year Built | 1948 | | Property Type | Commercial (Office) | | Status | Active | | Days on Market | 21 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,461 | | Estimated Insurance | $84 | | **Total** | **$1,545** | ## Key Amenities - A/C ## Property Highlights - Built in 1948 ## Description ### Agent Description WA State-Leased Office Building with 8.0% Cap Rate Leased Through 2031 Rare opportunity to acquire a stabilized, single-tenant investment property in downtown Goldendale leased to the Washington State Employment Security Department (ESD) under a recently renewed lease extending through October 31, 2031. This professionally maintained office building provides dependable, long-term income backed by a State of Washington agency, offering investors the security and predictability of an affordable and high-return government-leased property. The property features quality office space, dedicated parking, excellent visibility, and a prominent Main Street location serving downtown Goldendale in Klickitat County. With an attractive 8.0% capitalization rate and 10.34 Gross Rent Multiplier, the property delivers strong in-place cash flow and a compelling risk-adjusted return. The long remaining lease term minimizes vacancy concerns while providing stable passive income with minimal management requirements. Government-leased assets with this combination of yield, lease term, and credit-quality tenancy are rarely available. Ideal for 1031 exchange buyers, retirement portfolios, and investors seeking reliable income and long-term stability. An exceptional opportunity to acquire a high-quality office investment backed by one of Washington's most creditworthy tenants. ## Location - **Address:** 116 E Main St, Goldendale, WA 98620 - **County:** Klickitat - **Coordinates:** 45.821979, -120.821803 - **Google Maps:** https://www.google.com/maps?q=45.821979,-120.821803 ## Listing Agent - **Name:** Adam Rynd - **Brokerage:** Coldwell Banker Cascade Real Estate - **Phone:** 2067991059 - **Broker Phone:** (509) 773-7799 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/RMLSOR/508198034/?channel=propsimple) ## Photos ![116 E Main St - Photo 1](http://lh.rdcpix.com/cfabe5806da70c3f13570986eb66431bl-f1545942390r.jpg) ![116 E Main St - Photo 2](http://lh.rdcpix.com/cfabe5806da70c3f13570986eb66431bl-f1432071856r.jpg) ![116 E Main St - Photo 3](http://lh.rdcpix.com/cfabe5806da70c3f13570986eb66431bl-f2618353069r.jpg) ![116 E Main St - Photo 4](http://lh.rdcpix.com/cfabe5806da70c3f13570986eb66431bl-f2317370078r.jpg) ![116 E Main St - Photo 5](http://lh.rdcpix.com/cfabe5806da70c3f13570986eb66431bl-f1129341132r.jpg) ![116 E Main St - Photo 6](http://lh.rdcpix.com/cfabe5806da70c3f13570986eb66431bl-f1235512861r.jpg) ![116 E Main St - Photo 7](http://lh.rdcpix.com/cfabe5806da70c3f13570986eb66431bl-f1963974124r.jpg) ![116 E Main St - Photo 8](http://lh.rdcpix.com/cfabe5806da70c3f13570986eb66431bl-f639882556r.jpg) ![116 E Main St - Photo 9](http://lh.rdcpix.com/cfabe5806da70c3f13570986eb66431bl-f797270411r.jpg) ![116 E Main St - Photo 10](http://lh.rdcpix.com/cfabe5806da70c3f13570986eb66431bl-f1978079189r.jpg) ![116 E Main St - Photo 11](http://lh.rdcpix.com/cfabe5806da70c3f13570986eb66431bl-f2697348170r.jpg) --- **MLS#:** 508198034 | **Updated:** 2026-08-28 **Source:** listhub *Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/116-e-main-st-goldendale-wa-98620-08198034) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/116-e-main-st-goldendale-wa-98620-08198034#listing", "url": "https://www.propertysimple.ai/listing/116-e-main-st-goldendale-wa-98620-08198034", "name": "116 E Main St, Goldendale, WA 98620", "description": "WA State-Leased Office Building with 8.0% Cap Rate Leased Through 2031 Rare opportunity to acquire a stabilized, single-tenant investment property in downtown Goldendale leased to the Washington State Employment Security Department (ESD) under a recently renewed lease extending through October 31, 2031. This professionally maintained office building provides dependable, long-term income backed by a State of Washington agency, offering investors the security and predictability of an affordable and high-return government-leased property. The property features quality office space, dedicated parking, excellent visibility, and a prominent Main Street location serving downtown Goldendale in Klickitat County. With an attractive 8.0% capitalization rate and 10.34 Gross Rent Multiplier, the property delivers strong in-place cash flow and a compelling risk-adjusted return. The long remaining lease term minimizes vacancy concerns while providing stable passive income with minimal management requirements. Government-leased assets with this combination of yield, lease term, and credit-quality tenancy are rarely available. Ideal for 1031 exchange buyers, retirement portfolios, and investors seeking reliable income and long-term stability. 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