Two-Unit Duplex with Private
1423 S 7TH AVE, Kelso, WA 98626
For Sale
$345,000
Both residences have two bedrooms, one bathroom, laundry areas, and separate fenced yards.
Property Size1,152 SF
Lot Size0.17 Acres
Price / SF$299.48
Days on Market187
Property Features for 1423 S 7TH AVE
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
covered front porch
laundry area
separate back yards
Building Details
Building Size
Year Built
Buildings
Listing Agency:
RE/MAX Premier Group
Listed By:
Jan LeBrun · License #98570
(360) 846-5071
Source:
Woodlandwa
Added: May 6
Changed: Nov 8
Last Checked: Nov 7 at 3:14PM
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 RE/MAX Premier Group
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with two bedrooms, one bathroom, a laundry area, and a covered front porch. The building totals 1,152 square feet and dates to 1942. Each unit has its own garage and driveway, along with a separate back yard. Improvements include vinyl windows, updated kitchen elements, and a mix of carpet, vinyl, and engineered flooring. The architectural roof was installed around 2018–2019, and sewer lines serving both units were replaced to the street.
The property occupies a 7,405-square-foot lot in Kelso, Washington, with access to nearby amenities and a freeway. Tenants pay all utilities; one has occupied a unit for more than seven years, while the other has been in place for approximately two and a half years.
The property occupies a 7,405-square-foot lot in Kelso, Washington, with access to nearby amenities and a freeway. Tenants pay all utilities; one has occupied a unit for more than seven years, while the other has been in place for approximately two and a half years.
Key Highlights
- Two units, each with 2 bedrooms, 1 bathroom, and a laundry area
- 1,152 square feet of building area on a 7,405‑square‑foot lot
- Each residence has a private garage, driveway, covered porch, and separate back yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,260
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,200
$265.2K
Cap Rate 7%
$189,429
$189.4K
Cap Rate 9%
$147,333
$147.3K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$20.0K $17.40/SF
− Vacancy
−$1.1K −$0.96/SF
EGI
$18.9K $16.44/SF
− OpEx
−$5.7K −$4.93/SF
NOI
$13.3K $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%
$265,200
Cap Rate 7%
$189,429
Cap Rate 9%
$147,333
Alternative Uses
Best Use
Multifamily LT 5
$189.4K
$165.8K – $221.0K
NOI $13,260 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$173.9K
$152.2K – $202.9K
NOI $12,176 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$379.6K
$332.1K – $442.8K
NOI $26,569 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 98626, WA
26,291
Population
10,642
Households
2.5
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
134.6 sq mi
ZIP Area
195
Density / Sq Mi
$70,058
Median Household Income
$40,996
Median Earnings
$1,169
Median Rent
$339,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, one bathroom, laundry areas, and separate fenced yards.
Where is this duplex located?
The property is located at 1423 S 7TH AVE Kelso, WA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bathroom, and a laundry area; 1,152 square feet of building area on a 7,405‑square‑foot lot; Each residence has a private garage, driveway, covered porch, and separate back yard
