Updated Two-Unit
For Sale
$389,000
1851 Carl St, Walla Walla, WA 99362
Two-level duplex with recent upgrades, including a fireplace and new floor coverings in Unit B.
Property Size3,340 SF
Price / SF$116.47
Days on Market105
Property Features for 1851 Carl St
General Information
Standard status
Active
Size
3,340 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
Coldwell Banker Walla Walla
Listed By:
Gary D. Petersen
Source:
Eastsideseattleproperties
Added: Jul 2
Changed: Oct 1
Last Checked: Oct 12 at 7:55PM
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 Coldwell Banker Walla Walla
Investment Insights
Based on property information with market context.
This 1950-built duplex contains two upstairs/downstairs units, each measuring approximately 1670 sq ft, for a combined property size of 3340 sq ft. Improvements were completed within the last year, adding current updates to the existing residential layout. Unit B includes a fireplace and new floor coverings.
The property is located at 1851 Carl St in Walla Walla, Washington. Its two-unit configuration and substantial unit sizes provide a straightforward residential income property format.
The property is located at 1851 Carl St in Walla Walla, Washington. Its two-unit configuration and substantial unit sizes provide a straightforward residential income property format.
Key Highlights
- Two‑unit duplex with upstairs/downstairs layouts
- Each unit measures approximately 1670 sq ft
- Combined property size of 3340 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,260
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,200
$545.2K
Cap Rate 7%
$389,429
$389.4K
Cap Rate 9%
$302,889
$302.9K
Market Conditions
NOI Build-Up for 3,340 SF
Gross rent
$40.5K $12.12/SF
− Vacancy
−$1.5K −$0.46/SF
EGI
$38.9K $11.66/SF
− OpEx
−$11.7K −$3.50/SF
NOI
$27.3K $8.16/SF
Area
Walla Walla County, WA
Vacancy
3.80%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,200
Cap Rate 7%
$389,429
Cap Rate 9%
$302,889
Alternative Uses
Best Use
Multifamily LT 5
$389.4K
$340.8K – $454.3K
NOI $27,260 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$340.1K
$297.6K – $396.8K
NOI $23,808 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$786.0K
$687.8K – $917.0K
NOI $55,022 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 99362, WA
43,249
Population
18,022
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
90%
High-School Grad
303.1 sq mi
ZIP Area
143
Density / Sq Mi
$70,660
Median Household Income
$37,236
Median Earnings
$1,148
Median Rent
$398,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with recent upgrades, including a fireplace and new floor coverings in Unit B.
Where is this duplex located?
The property is located at 1851 Carl St Walla Walla, WA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑unit duplex with upstairs/downstairs layouts; Each unit measures approximately 1670 sq ft; Combined property size of 3340 sq ft
