Townhouse-Style
New
For Sale
$520,000
352 CEMETERY RD, Castle Rock, WA 98611
Two mirrored residences feature contemporary kitchens, fenced outdoor areas, and individual attached garages.
Property Size3,400 SF
Days on Market3
Property Features for 352 CEMETERY RD
General Information
Standard status
Active
Size
3,400 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Cap Rate
8%
Taxes and HOA fees
Annual Taxes
$5,298
Building Details
Building Size
3,400 SF
Year Built
2023
Construction
townhouse-style
Listing Agency:
Windermere Northwest Living
Listed By:
David Thelin · License #18448
(360) 749-5667
Source:
Currangrouprealtors
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 1:51AM
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 Windermere Northwest Living
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex is arranged as two townhouse-style residences. Each unit provides 3 bedrooms, 2.5 baths, and 1,513 square feet, with high ceilings and recessed lighting in the main living areas. Kitchen finishes include quartz counters, shaker cabinets, and stainless steel appliances. The primary suite in each residence has a walk-in closet and an adjoining full bath.
Both units also include double-pane vinyl windows, forced-air heat pumps, concrete patios, fully fenced yards, and an attached single-car garage. The property is served by a well and septic system. It is near I-5, schools, parks, and everyday amenities.
Both units also include double-pane vinyl windows, forced-air heat pumps, concrete patios, fully fenced yards, and an attached single-car garage. The property is served by a well and septic system. It is near I-5, schools, parks, and everyday amenities.
Key Highlights
- Two townhouse‑style units, each with 3 bedrooms, 2.5 baths, and 1,513 square feet
- Built in 2023
- Quartz countertops, shaker cabinets, and stainless steel appliances in both kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,134
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,680
$782.7K
Cap Rate 7%
$559,057
$559.1K
Cap Rate 9%
$434,822
$434.8K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$59.2K $17.40/SF
− Vacancy
−$3.3K −$0.96/SF
EGI
$55.9K $16.44/SF
− OpEx
−$16.8K −$4.93/SF
NOI
$39.1K $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%
$782,680
Cap Rate 7%
$559,057
Cap Rate 9%
$434,822
Alternative Uses
Best Use
Multifamily LT 5
$559.1K
$489.2K – $652.2K
NOI $39,134 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$513.4K
$449.2K – $598.9K
NOI $35,935 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.12M
$980.2K – $1.31M
NOI $78,414 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 98611, WA
10,165
Population
3,687
Households
2.8
Avg Household Size
45
Median Age
14%
College-Educated
92%
High-School Grad
136.1 sq mi
ZIP Area
75
Density / Sq Mi
$81,630
Median Household Income
$46,452
Median Earnings
$1,348
Median Rent
$382,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences feature contemporary kitchens, fenced outdoor areas, and individual attached garages.
Where is this duplex located?
The property is located at 352 CEMETERY RD Castle Rock, WA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two townhouse‑style units, each with 3 bedrooms, 2.5 baths, and 1,513 square feet; Built in 2023; Quartz countertops, shaker cabinets, and stainless steel appliances in both kitchens
