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    Brand-New Duplex with Washer/Dryers Title is generated by Realmo AI

    1306 Melbourne Court, Westport, WA 98595

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    Claim this Listing
    New
    For Sale
    $495,000

    MULTI_FAMILY - Westport, WA

    Property size:
    2,019 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $245/SF
    Added:
    Jun 1, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 2 at 4:06 pm

    Property Features for 1306 Melbourne Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 2
    Parking
    4
    Appliances
    Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
    Standard status
    Active
    APN
    102504800200
    Size
    2,019 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    TOWN OF PETERSON LOT 2 TGW VAC ST & ALLEY ADJ BLK 48
    Tax Annual Amount
    2916

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Zoned, Ductless

    Building Details

    Year built
    2025
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Anastasia Osorio

    Listing agent Anastasia Osorio License #3871695

    Listing office Century 21 Price Right 920 Main St., Lewiston, WA

    Listing date Jun 1, 2026

    MLS# 98988618 Listing URL

    Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Newly built 2025 duplex under construction
    • Wood siding construction with a composition roof
    • Each unit includes stove/range, refrigerator, disposal, and washer/dryer
    • Ductless heating with zoned, ductless cooling
    • Vinyl flooring throughout
    • Unit bedroom and bathroom layout includes Bedrooms 1–6 and Bathrooms 1–4

    Overview

    Built as a brand-new duplex, this thoughtfully designed property offers a comfortable, contemporary layout with open-concept living areas. Each unit is planned with three bedrooms and two bathrooms, along with a well-equipped kitchen suited to everyday use and entertaining. The finishes are described as high quality, and the homes include energy-efficient appliances and large windows designed to bring in natural light. For day-to-day convenience, the units include new washer/dryer sets.

    Located in Westport, this duplex is positioned for a coastal lifestyle while remaining close to local amenities. The listing also notes proximity to the waterfront and an emphasis on peace and tranquility—an appealing combination for both owner-occupants and investors seeking a turn-key residential setup.

    With generous, functional interiors and modern upgrades, the property fits well for a primary residence with rental income or as a straightforward investment. The unit configuration supports a tenant profile looking for multiple bedrooms and two bathrooms, while the fresh in-unit laundry and energy-efficient approach help reduce hassle and improve day-to-day usability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Westport
    County
    Grays Harbor
    State
    Washington
    Longitude
    -124.108887
    Latitude
    46.875044

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    FAQs

    What type of property is this?
    Duplex - Modern, energy-efficient duplex with large windows, open layouts, and new in-unit washer/dryers for flexible ownership.
    Where is this duplex located?
    The property is located at 1306 Melbourne Court Westport, WA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Newly built 2025 duplex under construction; Wood siding construction with a composition roof; Each unit includes stove/range, refrigerator, disposal, and washer/dryer
    (208) 935-8272
    We can help!
    Listing Contact
    Anastasia Osorio
    Real Estate License ID: 3871695
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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