Duplex with Two-Bedroom
New
For Sale
$547,997
1506 G ST, Washougal, WA 98671
Two separately arranged residences offer rental use or an owner-occupant arrangement.
Property Size1,600 SF
Price / SF$342.50
Days on Market6
Property Features for 1506 G ST
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Tree City Real Estate
Listed By:
Vicki Gile
(503) 539-5944
Source:
Gilegroup
Added: Oct 24
Changed: Oct 29
Last Checked: Oct 28 at 8:14AM
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 Tree City Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two separate units, each with two bedrooms and one full bathroom. The property totals 1,600 square feet, with approximately 800 square feet of living space in each residence, and was built in 1972.
The property is in Washougal near downtown, with local shops, restaurants, and parks nearby. The remarks also identify access to Camas, the Columbia River Gorge, and the Portland-Vancouver metro area.
The property is in Washougal near downtown, with local shops, restaurants, and parks nearby. The remarks also identify access to Camas, the Columbia River Gorge, and the Portland-Vancouver metro area.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Approximately 800 square feet per unit; 1,600 square feet total
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,845
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,900
$416.9K
Cap Rate 7%
$297,786
$297.8K
Cap Rate 9%
$231,611
$231.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$1.9K −$1.19/SF
EGI
$29.8K $18.61/SF
− OpEx
−$8.9K −$5.58/SF
NOI
$20.8K $13.03/SF
Area
Clark County, WA
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,900
Cap Rate 7%
$297,786
Cap Rate 9%
$231,611
Alternative Uses
Best Use
Multifamily LT 5
$297.8K
$260.6K – $347.4K
NOI $20,845 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$278.0K
$243.3K – $324.4K
NOI $19,462 @ 7.0% cap · market cap 3.55%
Theoretical Best
Specialty Retail
$389.8K
$341.1K – $454.8K
NOI $27,286 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
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Business Placement
Demographics for 98671, WA
24,857
Population
9,090
Households
2.7
Avg Household Size
42
Median Age
30%
College-Educated
94%
High-School Grad
81.1 sq mi
ZIP Area
306
Density / Sq Mi
$104,498
Median Household Income
$51,722
Median Earnings
$1,566
Median Rent
$532,100
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 separately arranged residences offer rental use or an owner-occupant arrangement.
Where is this duplex located?
The property is located at 1506 G ST Washougal, WA.
What is the asking price?
The asking price for this property is $547,997.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Approximately 800 square feet per unit; 1,600 square feet total; Built in 1972
