Duplex With Rental
For Sale
$350,000
278 Colorado St, Longview, WA 98632
Two-unit residential property with documented rental history in Longview.
Property Size1,464 SF
Price / SF$239.07
Days on Market61
Property Features for 278 Colorado St
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1951
Listing Agency:
John L. Scott Real Estate
Listed By:
Gary Drake
(360) 921-8990
Source:
Wyndeekono
Added: Aug 16
Changed: Oct 12
Last Checked: Oct 7 at 5:30PM
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 John L. Scott Real Estate
Investment Insights
Based on property information with market context.
This duplex at 278 Colorado St in Longview, Washington, offers two separate residential units and an established rental history. The configuration supports owner occupancy of one unit while the other is rented, subject to the buyer’s intended use.
Key Highlights
- Duplex with two residential units
- Established rental history
- 278 Colorado St, Longview, WA 98632
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,851
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,020
$337.0K
Cap Rate 7%
$240,729
$240.7K
Cap Rate 9%
$187,233
$187.2K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$25.5K $17.40/SF
− Vacancy
−$1.4K −$0.96/SF
EGI
$24.1K $16.44/SF
− OpEx
−$7.2K −$4.93/SF
NOI
$16.9K $11.51/SF
Area
Cowlitz County, WA
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,020
Cap Rate 7%
$240,729
Cap Rate 9%
$187,233
Alternative Uses
Best Use
Multifamily LT 5
$240.7K
$210.6K – $280.9K
NOI $16,851 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$221.0K
$193.4K – $257.9K
NOI $15,473 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$482.3K
$422.1K – $562.7K
NOI $33,764 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 98632, WA
50,721
Population
21,787
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
90%
High-School Grad
121.4 sq mi
ZIP Area
418
Density / Sq Mi
$64,705
Median Household Income
$40,928
Median Earnings
$1,142
Median Rent
$355,200
Median Home Value
Check the figures for this property
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-unit residential property with documented rental history in Longview.
Where is this duplex located?
The property is located at 278 Colorado St Longview, WA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex with two residential units; Established rental history; 278 Colorado St, Longview, WA 98632
