Duplex with Attached
For Sale
$495,000
108 Cowan Ct, Longview, WA 98632
Two-unit property with spacious interiors and oversized attached garages equipped with openers.
Property Size2,532 SF
Price / SF$195.50
Days on Market51
Property Features for 108 Cowan Ct
General Information
Standard status
Active
Size
2,532 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1993
Listing Agency:
John L. Scott Real Estate
Listed By:
Gary Drake
(360) 921-8990
Source:
Christiesrealestateevg
Added: Aug 26
Changed: Oct 12
Last Checked: Oct 7 at 1:25PM
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 John L. Scott Real Estate
Investment Insights
Based on property information with market context.
Located at 108 Cowan Ct in Longview, Washington, this duplex includes two residential units, each offering 1,266 square feet of living space. Both sides feature oversized one-car attached garages with garage-door openers.
Key Highlights
- Two‑unit duplex at 108 Cowan Ct, Longview, WA 98632
- Each unit contains 1,266 square feet of living space
- Oversized one‑car attached garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,144
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,880
$582.9K
Cap Rate 7%
$416,343
$416.3K
Cap Rate 9%
$323,822
$323.8K
Market Conditions
NOI Build-Up for 2,532 SF
Gross rent
$44.1K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$41.6K $16.44/SF
− OpEx
−$12.5K −$4.93/SF
NOI
$29.1K $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%
$582,880
Cap Rate 7%
$416,343
Cap Rate 9%
$323,822
Alternative Uses
Best Use
Multifamily LT 5
$416.3K
$364.3K – $485.7K
NOI $29,144 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$382.3K
$334.5K – $446.0K
NOI $26,761 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$834.2K
$730.0K – $973.3K
NOI $58,396 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
156
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with spacious interiors and oversized attached garages equipped with openers.
Where is this duplex located?
The property is located at 108 Cowan Ct Longview, 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: Two‑unit duplex at 108 Cowan Ct, Longview, WA 98632; Each unit contains 1,266 square feet of living space; Oversized one‑car attached garage for each unit
