2-Unit Townhouse-Style
New
For Sale
$490,000
364 CEMETERY RD, Castle Rock, WA 98611
Both residences include finished outdoor space, a private fenced yard, and an attached garage.
Property Size3,400 SF
Days on Market6
Property Features for 364 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
Additional Details
Cap Rate
7.7%
Taxes and HOA fees
Annual Taxes
$3,641
Amenities
high ceilings
recessed lighting
quartz countertops
shaker cabinetry
stainless steel appliances
walk-in closet
double-pane vinyl windows
forced-air heating with heat pumps
concrete patios
fully fenced yards
Building Details
Building Size
3,400 SF
Year Built
2023
Buildings
1
Construction
townhouse-style
Listing Agency:
Windermere Northwest Living
Listed By:
David Thelin · License #18448
(360) 749-5667
Source:
Currangrouprealtors
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 17 at 2:19AM
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 townhouse-style duplex contains two residences, each with 3 bedrooms, 2.5 bathrooms, and 1,513 square feet. Interior features include high ceilings, recessed lighting, quartz kitchen counters, shaker cabinets, and stainless steel appliances. Each primary suite has a walk-in closet and an adjoining full bathroom. Double-pane vinyl windows, forced-air heat pumps, concrete patios, fenced yards, and attached single-car garages serve both units.
The property is near I-5, schools, parks, and everyday amenities. Well and septic systems provide the property's water and wastewater service. The stated capitalization rate is 7.7%.
The property is near I-5, schools, parks, and everyday amenities. Well and septic systems provide the property's water and wastewater service. The stated capitalization rate is 7.7%.
Key Highlights
- Two units, each with 3 bedrooms, 2.5 bathrooms, and 1,513 square feet
- Built in 2023
- Each unit has an attached single‑car garage, concrete patio, and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,134
Cap Rate
7.99%
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 7.99%
Second Best
Apartment 5plus
$513.4K
$449.2K – $598.9K
NOI $35,935 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.12M
$980.2K – $1.31M
NOI $78,414 @ 7.0% cap · market cap 16.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include finished outdoor space, a private fenced yard, and an attached garage.
Where is this duplex located?
The property is located at 364 CEMETERY RD Castle Rock, WA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms, 2.5 bathrooms, and 1,513 square feet; Built in 2023; Each unit has an attached single‑car garage, concrete patio, and fenced yard
