New Construction
613 615 S Pine Avenue, Warden, WA 98857
For Sale
$559,000
Fully leased two-unit property with updated interiors, private laundry rooms, and fenced outdoor areas.
Property Size2,832 SF
Price / SF$197.39
Days on Market50
Property Features for 613 615 S Pine Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Net Operating Income
Taxes and HOA fees
Annual Taxes
Amenities
private laundry rooms
fully fenced yards
underground sprinklers
Laminate,Carpet
Yes
No
2
6
Electric
Alley,Curbs,Paved
Community
Cable TV,Fenced-Fully,High Speed Internet,Patio,Sprinkler System
0.1524
Wood Products
Poured Concrete
2832
Building Details
Building Size
Year Built
Stories
Listing Agency:
Premiere Property Group
(503) 716-8644
Listed By:
Hue Nguyen
(503) 348-2200
Source:
Premierepropertygroup
Added: Sep 20
Changed: Nov 6
Last Checked: Nov 6 at 6:43AM
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 Premiere Property Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2023, this duplex at 613–615 S Pine Avenue contains two residences, each offering three bedrooms, 2.5 bathrooms, and more than 1,400 square feet of living area. The 2,832-square-foot building features laminate flooring, carpeting, quartz countertops, private laundry rooms, and electric service. Both homes are supported by fully enclosed yards with patios and underground sprinkler systems.
The property is fully occupied under one-year leases and includes paved access, curbs, alley access, cable TV, and high-speed internet availability. Its Warden, Washington location combines a recently built residential income asset with separate outdoor areas for each unit.
The property is fully occupied under one-year leases and includes paved access, curbs, alley access, cable TV, and high-speed internet availability. Its Warden, Washington location combines a recently built residential income asset with separate outdoor areas for each unit.
Key Highlights
- Two‑unit property totals 2,832 square feet
- Each unit has 3 bedrooms, 2.5 bathrooms, and over 1,400 square feet
- Fully rented on 1‑year leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,796
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,920
$495.9K
Cap Rate 7%
$354,229
$354.2K
Cap Rate 9%
$275,511
$275.5K
Market Conditions
NOI Build-Up for 2,832 SF
Gross rent
$38.7K $13.67/SF
− Vacancy
−$3.3K −$1.16/SF
EGI
$35.4K $12.51/SF
− OpEx
−$10.6K −$3.75/SF
NOI
$24.8K $8.76/SF
Area
Grant County, WA
Vacancy
8.50%
Lease Rate
$13.67 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,920
Cap Rate 7%
$354,229
Cap Rate 9%
$275,511
Alternative Uses
Best Use
Multifamily LT 5
$354.2K
$310.0K – $413.3K
NOI $24,796 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$340.3K
$297.7K – $397.0K
NOI $23,819 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$615.2K
$538.3K – $717.8K
NOI $43,065 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 98857, WA
3,999
Population
1,355
Households
3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
167.4 sq mi
ZIP Area
24
Density / Sq Mi
$57,743
Median Household Income
$37,099
Median Earnings
$820
Median Rent
$194,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased two-unit property with updated interiors, private laundry rooms, and fenced outdoor areas.
Where is this duplex located?
The property is located at 613 615 S Pine Avenue Warden, WA.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Two‑unit property totals 2,832 square feet; Each unit has 3 bedrooms, 2.5 bathrooms, and over 1,400 square feet; Fully rented on 1‑year leases
