Two-Unit Duplex
For Sale
$350,000
282 Colorado St, Longview, WA 98632
Two-unit residential layout offers an owner-occupant the option to rent the second side.
Property Size1,464 SF
Price / SF$239.07
Days on Market87
Property Features for 282 Colorado St
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Multi-Family
Building Details
Year Built
1951
Listing Agency:
John L. Scott Real Estate
Listed By:
Gary Drake
(360) 921-8990
Source:
Christiesrealestateevg
Added: Jul 21
Changed: Oct 15
Last Checked: Oct 7 at 2:44PM
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 contains 1,464 square feet across two residential sides, creating a configuration that can accommodate an owner-occupant while the other side is rented. The property was built in 1951 and includes some updates.
Located at 282 Colorado St in Longview, Washington, the property is currently occupied by tenants. The two-unit format provides separate living spaces within an established residential income property.
Located at 282 Colorado St in Longview, Washington, the property is currently occupied by tenants. The two-unit format provides separate living spaces within an established residential income property.
Key Highlights
- Two‑unit duplex configuration
- 1,464 square feet of property size
- Built in 1951
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.
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Current Use
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
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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 layout offers an owner-occupant the option to rent the second side.
Where is this duplex located?
The property is located at 282 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: Two‑unit duplex configuration; 1,464 square feet of property size; Built in 1951
