Duplex with Private
For Sale
$519,900
10135 Meadowside Lane SW, Rochester, WA 98579
Both residences are vacant, with two-bedroom layouts, garages, laundry rooms, and wood fireplaces.
Property Size1,800 SF
Lot Size0.67 Acres
Price / SF$288.83
Days on Market38
Property Features for 10135 Meadowside Lane SW
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
4
Lot size
0.67 Acres
Property subtype
Residential Income
Zoning
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,530
Amenities
laundry/utility room
wood fireplace
private back patio
yard
Brick
Wood Products
Building Details
Building Size
1,800 SF
Year Built
1977
Buildings
1
Stories
1
Units
2
Listing Agency:
Frost Home Team
Listed By:
Stephanie Frost
(206) 391-5298
Source:
Frosthometeam
Added: Sep 17
Changed: Oct 23
Last Checked: Oct 23 at 1:49PM
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 Frost Home Team
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Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex sits on a 0.67-acre lot and contains two residences, each with two bedrooms, one bathroom, a laundry and utility room, a one-car garage, and a wood fireplace. Each side also has a private rear patio and yard. The property is zoned Multi-Family.
Updates include a roof installed in 2021, along with new flooring, electrical panels, windows, crawl space, appliances, and light fixtures. Shopping and entertainment are nearby, and I-5 provides commuter access. Both residences are vacant.
Updates include a roof installed in 2021, along with new flooring, electrical panels, windows, crawl space, appliances, and light fixtures. Shopping and entertainment are nearby, and I-5 provides commuter access. Both residences are vacant.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,800‑square‑foot duplex on a 0.67‑acre lot
- Each unit includes a one‑car garage, laundry/utility room, and wood fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,483
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,660
$489.7K
Cap Rate 7%
$349,757
$349.8K
Cap Rate 9%
$272,033
$272.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$36.7K $20.40/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$35.0K $19.43/SF
− OpEx
−$10.5K −$5.83/SF
NOI
$24.5K $13.60/SF
Area
Thurston County, WA
Vacancy
4.75%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,660
Cap Rate 7%
$349,757
Cap Rate 9%
$272,033
Alternative Uses
Best Use
Multifamily LT 5
$349.8K
$306.0K – $408.1K
NOI $24,483 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$322.5K
$282.2K – $376.2K
NOI $22,572 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$527.0K
$461.2K – $614.9K
NOI $36,893 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 98579, WA
13,648
Population
5,005
Households
2.7
Avg Household Size
42
Median Age
19%
College-Educated
92%
High-School Grad
94.2 sq mi
ZIP Area
145
Density / Sq Mi
$94,284
Median Household Income
$47,834
Median Earnings
$1,222
Median Rent
$405,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with two-bedroom layouts, garages, laundry rooms, and wood fireplaces.
Where is this duplex located?
The property is located at 10135 Meadowside Lane SW Rochester, WA.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,800‑square‑foot duplex on a 0.67‑acre lot; Each unit includes a one‑car garage, laundry/utility room, and wood fireplace
