Building Details

Year Built 2023

Listing Agency: Real Broker LLC

Listed By: Daniel Belza · License #132688 Show Phone

Source: Wisser

Added: Sep 1 Changed: Oct 15 Last Checked: Oct 5 at 11:07PM

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Investment Insights

Based on property information with market context.

Built in 2023, this duplex contains two residences measuring 1,494 square feet each. Both units offer three bedrooms, 2.5 bathrooms, quartz countertops, stainless steel appliances, walk-in closets, walk-in showers, and heat pumps with mini-split heating and cooling systems. Fully fenced backyards, garages, and extended driveways provide private outdoor space and parking for residents and guests.

The property is currently leased and provides convenient access to I-5, grocery stores, shopping, dining, schools, a nearby golf course, and other everyday amenities. The 2,988-square-foot configuration offers a modern two-unit layout with separate residential spaces and practical features suited to multifamily ownership.

Key Highlights

• Two‑unit property totaling 2,988 SF, with 1,494 SF per residence
• Built in 2023 with modern finishes and systems
• Each unit includes 3 bedrooms and 2.5 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,392

Cap Rate

4.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$687,840 $687.8K

Cap Rate 7%

$491,314 $491.3K

Cap Rate 9%

$382,133 $382.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,988 SF

Gross rent

$52.0K $17.40/SF

− Vacancy

−$2.9K −$0.96/SF

EGI

$49.1K $16.44/SF

− OpEx

−$14.7K −$4.93/SF

NOI

$34.4K $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%

$687,840

Cap Rate 7%

$491,314

Cap Rate 9%

$382,133

Alternative Uses

Best Use

Multifamily LT 5

$491.3K

$429.9K – $573.2K (±1% cap)

NOI $34,392 @ 7.0% cap · market cap 4.74%

Second Best

Apartment 5plus

$451.2K

$394.8K – $526.4K (±1% cap)

NOI $31,581 @ 7.0% cap · market cap 4.36%

Theoretical Best

Office A

$984.5K

$861.4K – $1.15M (±1% cap)

NOI $68,912 @ 7.0% cap · market cap 9.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Furniture & Home Goods Barber Shop Skin Care Clinic Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

168

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Each residence includes a fenced backyard, garage, and extended driveway parking.

Where is this duplex located?

The property is located at 957 Willow St Kelso, WA.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Two‑unit property totaling 2,988 SF, with 1,494 SF per residence; Built in 2023 with modern finishes and systems; Each unit includes 3 bedrooms and 2.5 bathrooms