Two-Unit Duplex with Oversized
601 AYERS St, Kelso, WA 98626
For Sale
$359,000
MultiFamily, Kelso, WA
Property Size2,460 SF
Price / SF$145.93
Days on Market210
Property Features for 601 AYERS St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
fireplace
unfinished basement
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Kelly Right Real Estate Vancouver
(503) 719-6056
Listed By:
Rosilee Smith · License #49102
(360) 901-5735
Added: Apr 13
Changed: Nov 4
Last Checked: Nov 8 at 3:06PM
MLS# 539996528
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1910, this two-story duplex contains 2,460 square feet across two separate residences. The main-floor unit offers 1,120 square feet with three bedrooms, 1.5 bathrooms, and a fireplace. Upstairs, the 864-square-foot unit includes two bedrooms, one bathroom, and its own fireplace. Interior updates and recent exterior paint add to the property's existing character, while the composition roof provides a defined roofing system.
A detached six-car garage expands the property's parking and storage capacity. The unfinished basement provides additional storage area or space for future improvements. The property is zoned R02 and is located near shopping, dining, and everyday amenities. A new Amazon distribution center is being developed nearby.
A detached six-car garage expands the property's parking and storage capacity. The unfinished basement provides additional storage area or space for future improvements. The property is zoned R02 and is located near shopping, dining, and everyday amenities. A new Amazon distribution center is being developed nearby.
Key Highlights
- 2,460‑square‑foot duplex built in 1910
- Main unit: 1,120 square feet, 3 bedrooms, and 1.5 bathrooms
- Upper unit: 864 square feet, 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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Lease Details
2
Residential units
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Classic two-story property with two fireplaces, recent exterior paint, and an unfinished basement.
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: 2,460‑square‑foot duplex built in 1910; Main unit: 1,120 square feet, 3 bedrooms, and 1.5 bathrooms; Upper unit: 864 square feet, 2 bedrooms, and 1 bathroom
