Restored Triplex with Commercial
For Sale
$425,000
605 N Montesano St, Westport, WA 98595
Tenant-occupied three-unit property with updated finishes and commercial zoning.
Property Size1,772 SF
Price / SF$239.84
Days on Market85
Property Features for 605 N Montesano St
General Information
Standard status
Active
Size
1,772 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Coldwell Banker Bain
Listed By:
Tyler Vlasak
(253) 850-5000
Source:
Nfrrealty
Added: Jul 22
Changed: Sep 21
Last Checked: Oct 13 at 2:00AM
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 Coldwell Banker Bain
Investment Insights
Based on property information with market context.
This three-unit residential income property dates to 1930 and has undergone restoration work that includes new siding, flooring, and interior paint. The property measures 1,772 square feet and is currently occupied by tenants, providing an established operating configuration for a new owner.
Commercial zoning adds flexibility to the property’s existing multifamily format. Located in Westport, Washington, the triplex offers a compact income-property profile with recent exterior and interior finish updates already completed.
Commercial zoning adds flexibility to the property’s existing multifamily format. Located in Westport, Washington, the triplex offers a compact income-property profile with recent exterior and interior finish updates already completed.
Key Highlights
- Three‑unit triplex built in 1930
- 1,772‑square‑foot property
- New siding, flooring, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,176
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,520
$323.5K
Cap Rate 7%
$231,086
$231.1K
Cap Rate 9%
$179,733
$179.7K
Market Conditions
NOI Build-Up for 1,772 SF
Gross rent
$24.5K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$23.1K $13.04/SF
− OpEx
−$6.9K −$3.91/SF
NOI
$16.2K $9.13/SF
Area
Grays Harbor County, WA
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,520
Cap Rate 7%
$231,086
Cap Rate 9%
$179,733
Alternative Uses
Best Use
Multifamily LT 5
$231.1K
$202.2K – $269.6K
NOI $16,176 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$214.3K
$187.5K – $250.0K
NOI $14,999 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$488.5K
$427.4K – $569.9K
NOI $34,193 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 98595, WA
2,995
Population
2,109
Households
1.4
Avg Household Size
49
Median Age
21%
College-Educated
89%
High-School Grad
5.3 sq mi
ZIP Area
565
Density / Sq Mi
$63,359
Median Household Income
$41,767
Median Earnings
$752
Median Rent
$254,800
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
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied three-unit property with updated finishes and commercial zoning.
Where is this triplex located?
The property is located at 605 N Montesano St Westport, WA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1930; 1,772‑square‑foot property; New siding, flooring, and paint
