Updated Duplex with
For Sale
$575,000
1 Teal St, Longview, WA 98632
Two refreshed residences provide separate laundry rooms, private garages, and efficient mini-split heating and cooling.
Property Size2,208 SF
Price / SF$260.42
Days on Market73
Property Features for 1 Teal St
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Amenities
garage
laundry room
mature landscaping
Building Details
Year Built
1978
Listing Agency:
Keller Williams South Sound
Listed By:
Paulette Eaton
(360) 786-6900
Source:
Chehalisvalleyrealty
Added: Aug 5
Changed: Oct 6
Last Checked: Oct 7 at 2:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams South Sound
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Investment Insights
Based on property information with market context.
This 2,208-square-foot duplex, built in 1978, contains two residences of more than 1,100 square feet each. Both layouts include two bedrooms, one bathroom, and a dedicated laundry room. Improvements include new flooring, refreshed countertops and bathrooms, fresh interior paint, LG appliances with washers and dryers, 50-gallon water heaters, and energy-efficient mini-split heat pumps. The property also has a newer roof, exterior paint, and concrete driveway.
One residence is occupied by the owner, while the other is vacant. Each unit has a single-car garage, with additional off-street parking available. The duplex sits on a corner lot with mature landscaping at 1 Teal St in Longview, Washington.
One residence is occupied by the owner, while the other is vacant. Each unit has a single-car garage, with additional off-street parking available. The duplex sits on a corner lot with mature landscaping at 1 Teal St in Longview, Washington.
Key Highlights
- 2,208 SF duplex built in 1978
- Each unit exceeds 1,100 sq ft and includes 2 bedrooms, 1 bath, and a dedicated laundry room
- Recent updates include flooring, countertops, bathrooms, interior paint, and LG appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,414
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,280
$508.3K
Cap Rate 7%
$363,057
$363.1K
Cap Rate 9%
$282,378
$282.4K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$38.4K $17.40/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$36.3K $16.44/SF
− OpEx
−$10.9K −$4.93/SF
NOI
$25.4K $11.51/SF
Area
Cowlitz County, WA
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,280
Cap Rate 7%
$363,057
Cap Rate 9%
$282,378
Alternative Uses
Best Use
Multifamily LT 5
$363.1K
$317.7K – $423.6K
NOI $25,414 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$333.4K
$291.7K – $389.0K
NOI $23,337 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$727.5K
$636.5K – $848.7K
NOI $50,923 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 98632, WA
50,721
Population
21,787
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
90%
High-School Grad
121.4 sq mi
ZIP Area
418
Density / Sq Mi
$64,705
Median Household Income
$40,928
Median Earnings
$1,142
Median Rent
$355,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed residences provide separate laundry rooms, private garages, and efficient mini-split heating and cooling.
Where is this duplex located?
The property is located at 1 Teal St Longview, WA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,208 SF duplex built in 1978; Each unit exceeds 1,100 sq ft and includes 2 bedrooms, 1 bath, and a dedicated laundry room; Recent updates include flooring, countertops, bathrooms, interior paint, and LG appliances
