Two-Unit Duplex Income
70 NE Rose St, College Place, WA 99324
Turnkey, fully leased duplex with two distinct floorplans in College Place’s rental market.
Type:Multifamily
Property size:
2,904 SFLot size:
0.22 AcresPrice / SF:
$158/SF- Added:
- Jun 17, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 24 at 4:47 am
Property Features for 70 NE Rose St
General Information
- Standard status
- Active
- Size
- 2,904 SF
- Lot size
- 0.22 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1938
Listing office Spinoza Real Estate
Listing date Jun 17, 2026
Source Crexi
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 Spinoza Real Estate
HighLights
- Turnkey duplex with both units currently occupied and fully leased
- 2‑unit layout: 4BD/2BA upper unit and 3BD/1BA lower unit (7 total bedrooms, 3 total baths)
- Gross annual income of $40,800 with rents of $3,400/month combined
- Year built 1938; building size is 2,904 SF across two units
- 9,431 SF lot size with potential for expansion or accessory structure (buyer to verify zoning/density with the City of College Place)
- Minutes from Walla Walla University, downtown College Place, and core Walla Walla Valley employment/retail corridors
Overview
This turnkey duplex offers two fully leased residential units within a single 1938-built building with updated interiors. The upper unit features four bedrooms and two bathrooms, while the lower unit offers three bedrooms and one bathroom. Across both units, the property provides a total of seven bedrooms and three bathrooms, configured to support consistent rental appeal for a small, manageable residential income asset.
Located in College Place within the broader Walla Walla Valley investment market, the property is positioned minutes from Walla Walla University, downtown College Place, and surrounding employment and retail corridors. The site includes a 9,431 SF lot, providing above-average land area for a duplex setting, with buyer verification recommended for any potential expansion or accessory structure based on City of College Place planning requirements.
For buyers seeking a small, income-producing replacement property, this duplex is currently stabilized with both units occupied. The offering is supported by combined gross annual income of $40,800. Buyers should request the rent roll and expense detail for confirmation during diligence, including verification of any operating history and related underwriting items.
Located in College Place within the broader Walla Walla Valley investment market, the property is positioned minutes from Walla Walla University, downtown College Place, and surrounding employment and retail corridors. The site includes a 9,431 SF lot, providing above-average land area for a duplex setting, with buyer verification recommended for any potential expansion or accessory structure based on City of College Place planning requirements.
For buyers seeking a small, income-producing replacement property, this duplex is currently stabilized with both units occupied. The offering is supported by combined gross annual income of $40,800. Buyers should request the rent roll and expense detail for confirmation during diligence, including verification of any operating history and related underwriting items.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.2k | $12.12 |
| − Vacancy | −$1.3k | −$0.46 |
| EGI | $33.9k | $11.66 |
| − OpEx | −$10.2k | −$3.50 |
| NOI | $23.7k | $8.16 |
2,904 SF · lease $12.12/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.6K
$296.3K – $395.0K
NOI $23,701 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$295.7K
$258.8K – $345.0K
NOI $20,700 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$683.4K
$598.0K – $797.3K
NOI $47,839 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- College Place
- County
- Walla Walla
- State
- Washington
- Longitude
- -118.3869477
- Latitude
- 46.0541628
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turnkey, fully leased duplex with two distinct floorplans in College Place’s rental market.
Where is this duplex located?
The property is located at 70 NE Rose St College Place, WA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Turnkey duplex with both units currently occupied and fully leased; 2‑unit layout: 4BD/2BA upper unit and 3BD/1BA lower unit (7 total bedrooms, 3 total baths); Gross annual income of $40,800 with rents of $3,400/month combined
