Updated Duplex with Shared
For Sale
$405,000
733 Delaware St, Longview, WA 98632
Two remodeled residential units offer functional layouts and separate laundry connections within a shared garage.
Property Size1,403 SF
Price / SF$288.67
Days on Market50
Property Features for 733 Delaware St
General Information
Standard status
Active
Size
1,403 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1978
Listing Agency:
Realty One Group NorthStars
Listed By:
Patricia Britcher · License #27703
(360) 562-5822
Source:
Wisser
Added: Aug 28
Changed: Oct 3
Last Checked: Oct 5 at 10:42PM
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 Realty One Group NorthStars
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Investment Insights
Based on property information with market context.
This duplex contains two remodeled residences, each configured with two bedrooms and one bathroom. Updates include new light fixtures and refreshed exterior paint, while the interiors are arranged for practical everyday living. A shared garage provides two laundry hookups, with one connection designated for each unit.
The property is located at 733 Delaware St in Longview, Washington, near hospitals, bus routes, shopping, and parks. Its established rental history and ongoing revenue are documented in the property information.
The property is located at 733 Delaware St in Longview, Washington, near hospitals, bus routes, shopping, and parks. Its established rental history and ongoing revenue are documented in the property information.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- Both units have been remodeled
- Shared garage with 2 laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,149
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,980
$323.0K
Cap Rate 7%
$230,700
$230.7K
Cap Rate 9%
$179,433
$179.4K
Market Conditions
NOI Build-Up for 1,403 SF
Gross rent
$24.4K $17.40/SF
− Vacancy
−$1.3K −$0.96/SF
EGI
$23.1K $16.44/SF
− OpEx
−$6.9K −$4.93/SF
NOI
$16.1K $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%
$322,980
Cap Rate 7%
$230,700
Cap Rate 9%
$179,433
Alternative Uses
Best Use
Multifamily LT 5
$230.7K
$201.9K – $269.2K
NOI $16,149 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$211.8K
$185.4K – $247.2K
NOI $14,829 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$462.2K
$404.5K – $539.3K
NOI $32,357 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,515
Businesses Nearby
Explore this area
Business Placement
Demographics for 98632, WA
50,721
Population
21,787
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
90%
High-School Grad
121.4 sq mi
ZIP Area
418
Density / Sq Mi
$64,705
Median Household Income
$40,928
Median Earnings
$1,142
Median Rent
$355,200
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
Frequently Asked Questions
What type of property is this?
Duplex - Two remodeled residential units offer functional layouts and separate laundry connections within a shared garage.
Where is this duplex located?
The property is located at 733 Delaware St Longview, WA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; Both units have been remodeled; Shared garage with 2 laundry hookups
