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    20-Unit Duplex Community For Sale Title is generated by Realmo AI

    18304 Nutmeg St SW, Rochester, WA 98579

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    Claim this Listing
    For Sale
    $4,300,000

    Well-maintained 20-unit duplex community on 5.59 acres in Thurston County.

    Type:Commercial
    Property size:
    22,080 SF
    Price / SF:
    $194/SF
    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

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    Listing Contact
    JOSHUA ABBEY

    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

    This is a 20-unit duplex community for sale in Thurston County, presenting an exceptional investment opportunity. The well-maintained property spans 5.59 acres and includes 10 duplexes. Each unit features 2 bedrooms, 1 bathroom, and a one-car garage. The property includes newer roofs, a shared well, and a central shared park space. The units are designed for comfort and low maintenance. Located just minutes from Centralia and less than 20 minutes from Tumwater, the property offers easy access to I-5 for convenient commuting. Long-term tenants appreciate the location, sense of community, and generous space, ensuring consistent occupancy and reliable cash flow. The property is priced to deliver a 7% cap rate, presenting a turnkey investment opportunity.

    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
    22,080 SF · lease $20.40/SF/yr · vacancy 4.75% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $4.29M
    $3.75M – $5.01M (±1% cap)
    NOI $300,326 @ 7.0% cap · market cap 6.98%
    Second Best
    Apartment 5plus
    $3.96M
    $3.46M – $4.61M (±1% cap)
    NOI $276,883 @ 7.0% cap · market cap 6.44%
    Theoretical Best
    Office A
    $6.47M
    $5.66M – $7.54M (±1% cap)
    NOI $452,552 @ 7.0% cap · market cap 10.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Auto Repair Shop Gym & Fitness Center Department Store Daycare Center HVAC Service Grocery & Convenience Store Electronics & Wireless Store Travel Agency Car Rental Facility Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Thurston
    State
    Washington
    Longitude
    -122.988
    Latitude
    46.8217

    FAQs

    What type of property is this?
    Duplex - Well-maintained 20-unit duplex community on 5.59 acres in Thurston County.
    Where is this duplex located?
    The property is located at 18304 Nutmeg St SW Rochester, WA.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: 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.
    More about this property
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