For 1913 E St in Washougal, the rent potential is strong for its size and features. With 2,764 sqft, 3 beds, and 2 baths, comps indicate a monthly rent range of $1,800 to $2,695. Using local averages for similar homes, I'd expect actual rent to fall between $2,300–$2,500/month, or about $28K–$30K annually[1][2][3]. The payback period, based on gross rental income and a $525K valuation, lands near 18–20 years before expenses. Washougal’s market remains steady with modest rent growth and stable home prices[4][5]. The property’s commercial zoning and large basement offer flexibility but its ‘fixer’ status may deter premium renters.

To maximize rental income, invest in cosmetic upgrades—refinished hardwoods, updated kitchen, and a finished basement could boost appeal and rent. Consider converting the bonus room above the garage into an ADU for added revenue. If selling, market the flexible zoning and large footprint: these features stand out for investors seeking live/work or multi-generational options. Address any deferred maintenance for higher cap rates and quicker lease-up.