20-Unit Duplex Community For
18304 Nutmeg St SW Rochester, WA 98579
For Sale
$4,300,000
Pending
Well-maintained 20-unit duplex community on 5.59 acres in Thurston County.
Property Size22,080 SF
Days on Market396
Property Features for 18304 Nutmeg St SW
General Information
Standard status
Pending
Size
22,080 SF
Property subtype
Commercial
Building Details
Year Built
1978
Listing Agency:
ABBEY REALTY, INC.
(360) 459-0428
Listed By:
JOSHUA ABBEY · License #73788
Source:
Corcoran
Added: Jun 27, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:50AM
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.
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $300,326 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$3.96M
$3.46M – $4.61M
NOI $276,883 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$6.47M
$5.66M – $7.54M
NOI $452,552 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
