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11 Sun Crest Ln - 11 Sun Crest Lane 2 Unit Apartment Building Offered at $585,000 at a 6.67% Cap Rate Cathlamet, WA 98612
Executive Summary
Experience a rare blend of design-led living and reliable income in a quiet neighborhood of Cathlamet. This meticulously remodeled duplex features two spacious 2-bed, 2-bath units, each featuring high-end modern finishes and efficient new systems for long-term peace of mind.
The ground-floor unit impresses with soaring ceilings, while the sun-drenched upper level offers a stunning vantage point over 1.34 acres of forested land and a serene pond. Both units include the convenience of in-unit laundry and premium interiors.
Perfectly positioned in a quiet residential pocket within a promising growth corridor, this property offers a rare mix of immediate cash flow and future appreciation potential; just 20 minutes from the industrial hub of Longview and an hour from both PDX and the coast at Astoria.
Please do not disturb tenants. Interior showings available upon accepted offer. Broker related to seller.
Property has not yet been tax assessed by the county after recent short plat, annual property tax to be updated after assessment.
MLS#: 2492658
The ground-floor unit impresses with soaring ceilings, while the sun-drenched upper level offers a stunning vantage point over 1.34 acres of forested land and a serene pond. Both units include the convenience of in-unit laundry and premium interiors.
Perfectly positioned in a quiet residential pocket within a promising growth corridor, this property offers a rare mix of immediate cash flow and future appreciation potential; just 20 minutes from the industrial hub of Longview and an hour from both PDX and the coast at Astoria.
Please do not disturb tenants. Interior showings available upon accepted offer. Broker related to seller.
Property has not yet been tax assessed by the county after recent short plat, annual property tax to be updated after assessment.
MLS#: 2492658
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$41,760
|
$17.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$41,760
|
$17.40
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,561
|
$0.65
|
| Net Operating Income |
$40,199
|
$16.75
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $41,760 |
| Annual Per SF | $17.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $41,760 |
| Annual Per SF | $17.40 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,561 |
| Annual Per SF | $0.65 |
| Net Operating Income | |
|---|---|
| Annual | $40,199 |
| Annual Per SF | $16.75 |
Property Facts
| Price | $585,000 | Building Size | 2,400 SF |
| Price Per Unit | $292,500 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.67% | Year Built/Renovated | 2008/2026 |
| No. Units | 2 | Parking Ratio | 1.67/1,000 SF |
| Property Type | Multifamily |
| Price | $585,000 |
| Price Per Unit | $292,500 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2008/2026 |
| Parking Ratio | 1.67/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,740 | 1,200 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 10806430049 | Improvements Assessment | $444,500 (2025) |
| Land Assessment | $67,000 (2025) | Total Assessment | $511,500 (2025) |
Property Taxes
Parcel Number
10806430049
Land Assessment
$67,000 (2025)
Improvements Assessment
$444,500 (2025)
Total Assessment
$511,500 (2025)
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11 Sun Crest Ln - 11 Sun Crest Lane