Two-Story Duplex with Six-Car
For Sale
$359,000
601 Ayers St, Kelso, WA 98626
Corner-lot property combines two residential units with basement storage and individual fireplaces.
Property Size2,460 SF
Price / SF$145.93
Days on Market189
Property Features for 601 Ayers St
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
Kelly Right Real Estate Vancouver
Listed By:
Rosilee Smith · License #49102
(503) 719-6056
Source:
Evergreenrealestatepartners
Added: Apr 14
Changed: Oct 6
Last Checked: Oct 7 at 2:04PM
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 Kelly Right Real Estate Vancouver
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Investment Insights
Based on property information with market context.
This two-story duplex contains 2460 square feet across two separate units. The main-level residence offers 1120 sq ft with 3 bedrooms, 1.5 bathrooms, a spacious layout, and a fireplace. The upper unit provides 864 sq ft, 2 bedrooms, 1 bathroom, and its own fireplace. Built in 1910, the property has received interior updates and exterior paint. An unfinished full basement adds storage capacity, while the oversized 6-car garage provides substantial enclosed parking and additional utility.
The property is located at 601 Ayers Street in Kelso, WA 98626, on a corner lot near shopping, dining, and everyday amenities. A new Amazon distribution center is being developed nearby. R02 zoning is also identified for the property.
The property is located at 601 Ayers Street in Kelso, WA 98626, on a corner lot near shopping, dining, and everyday amenities. A new Amazon distribution center is being developed nearby. R02 zoning is also identified for the property.
Key Highlights
- 2460‑square‑foot duplex built in 1910
- Main unit: 1120 sq ft, 3 bedrooms, and 1.5 bathrooms
- Upper unit: 864 sq ft, 2 bedrooms, and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,315
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,300
$566.3K
Cap Rate 7%
$404,500
$404.5K
Cap Rate 9%
$314,611
$314.6K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$42.8K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$40.4K $16.44/SF
− OpEx
−$12.1K −$4.93/SF
NOI
$28.3K $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%
$566,300
Cap Rate 7%
$404,500
Cap Rate 9%
$314,611
Alternative Uses
Best Use
Multifamily LT 5
$404.5K
$353.9K – $471.9K
NOI $28,315 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$371.4K
$325.0K – $433.3K
NOI $26,000 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$810.5K
$709.2K – $945.6K
NOI $56,735 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
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Business Placement
Demographics for 98626, WA
26,291
Population
10,642
Households
2.5
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
134.6 sq mi
ZIP Area
195
Density / Sq Mi
$70,058
Median Household Income
$40,996
Median Earnings
$1,169
Median Rent
$339,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot property combines two residential units with basement storage and individual fireplaces.
Where is this duplex located?
The property is located at 601 Ayers St Kelso, WA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 2460‑square‑foot duplex built in 1910; Main unit: 1120 sq ft, 3 bedrooms, and 1.5 bathrooms; Upper unit: 864 sq ft, 2 bedrooms, and 1 bathroom
