18304 Nutmeg St SW, Rochester, WA 98579
Well-maintained 20-unit duplex community on 5.59 acres in Thurston County.
- Added:
- Jun 27, 2025
- Days on Market:
- 348
- Last Refresh:
- May 11 at 12:37 am
Property Features for 18304 Nutmeg St SW
General Information
- Standard status
- Active
- Size
- 22,080 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agent JOSHUA ABBEY
Listing office ABBEY REALTY, INC.
Listing date Jun 27, 2025
Source Corcoran
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 ABBEY REALTY, INC.
HighLights
- Strong 7% Cap Rate: Priced to deliver a compelling return on investment.
- 20 Units on 5.59 Acres: Substantial property with significant investment potential.
- Consistent Occupancy: Long‑term tenants contribute to reliable cash flow.
- Low Maintenance Design: Units designed for ease of upkeep.
- Newer Roofs: Reduces immediate capital expenditure for the buyer.
- Convenient Location: Easy access to I‑5, Centralia, and Tumwater for commuting.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $450.4k | $20.40 |
| − Vacancy | −$21.4k | −$0.97 |
| EGI | $429.0k | $19.43 |
| − OpEx | −$128.7k | −$5.83 |
| NOI | $300.3k | $13.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Thurston
- State
- Washington
- Longitude
- -122.988
- Latitude
- 46.8217