Two-Unit Duplex with
For Sale
$349,900
706 Laurel St, Kelso, WA 98626
Corner property with separate residences, private parking, and a fenced backyard.
Property Size1,572 SF
Lot Size0.11 Acres
Price / SF$222.58
Days on Market90
Property Features for 706 Laurel St
General Information
Standard status
Active
Size
1,572 SF
Lot size
0.11 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/0.75BA
Multifamily Units
2
Amenities
laundry room
fenced backyard
Building Details
Year Built
1947
Buildings
1
Listing Agency:
Woodford Commercial RE
Listed By:
Chris Roewe · License #23495
(360) 501-5500
Source:
Chehalisvalleyrealty
Added: Jul 17
Changed: Oct 5
Last Checked: Oct 7 at 4:08PM
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 Woodford Commercial RE
Investment Insights
Based on property information with market context.
This duplex contains two residential units within 1,572 SF of living space, plus nearly 300 SF of garage area. The larger residence includes three bedrooms, one bathroom, a substantial laundry room, an attached one-car garage, and a fenced backyard with additional side-yard space. The second unit offers one bedroom, a three-quarter bathroom, and dedicated off-street parking.
The property occupies a 4,800 SF corner lot at 706 Laurel St in Kelso, WA. Long-term tenants are already in place, providing established occupancy for an owner seeking a two-unit residential income property. The combination of separate living arrangements, garage space, outdoor area, and on-site parking creates a straightforward duplex configuration.
The property occupies a 4,800 SF corner lot at 706 Laurel St in Kelso, WA. Long-term tenants are already in place, providing established occupancy for an owner seeking a two-unit residential income property. The combination of separate living arrangements, garage space, outdoor area, and on-site parking creates a straightforward duplex configuration.
Key Highlights
- Two residential units with 1,572 SF of combined living space
- Nearly 300 SF of garage space, including an attached one‑car garage
- Three‑bedroom, one‑bath unit with a large laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,094
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,880
$361.9K
Cap Rate 7%
$258,486
$258.5K
Cap Rate 9%
$201,044
$201.0K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$27.4K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$25.8K $16.44/SF
− OpEx
−$7.8K −$4.93/SF
NOI
$18.1K $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%
$361,880
Cap Rate 7%
$258,486
Cap Rate 9%
$201,044
Alternative Uses
Best Use
Multifamily LT 5
$258.5K
$226.2K – $301.6K
NOI $18,094 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$237.4K
$207.7K – $276.9K
NOI $16,615 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$517.9K
$453.2K – $604.3K
NOI $36,255 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Corner property with separate residences, private parking, and a fenced backyard.
Where is this duplex located?
The property is located at 706 Laurel St Kelso, WA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two residential units with 1,572 SF of combined living space; Nearly 300 SF of garage space, including an attached one‑car garage; Three‑bedroom, one‑bath unit with a large laundry room
