Log In/Sign Up
Your email has been sent.
706 Laurel St 2 Unit Apartment Building $349,900 ($174,950/Unit) 5.16% Cap Rate Kelso, WA 98626
Investment Highlights
- 100% Occupancy
- 5% CAP Rate
Executive Summary
Don't miss out on this charming corner duplex investment opportunity. This well-maintained property features two units: a spacious 3-bedroom, 1-bath unit with a large laundry room, attached one-car garage, and a generous fenced backyard with side yard. The second unit is a thoughtfully designed 1-bedroom, ¾-bath with private off-street parking. Together, the duplex offers 1,572 SF of living space plus nearly 300 SF of garage space, all situated on a 4,800 SF lot. Long-term tenants are already in place, ensuring immediate income, with the opportunity to boost returns by adjusting rents to market value. Whether you're a seasoned investor or just starting out, this turnkey property is a smart addition to any portfolio. Call today for more details.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$27,600
|
$17.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$828
|
$0.53
|
| Effective Gross Income |
$26,772
|
$17.03
|
| Taxes |
$3,342
|
$2.13
|
| Operating Expenses |
$5,381
|
$3.42
|
| Total Expenses |
$8,723
|
$5.55
|
| Net Operating Income |
$18,049
|
$11.48
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $27,600 |
| Annual Per SF | $17.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $828 |
| Annual Per SF | $0.53 |
| Effective Gross Income | |
|---|---|
| Annual | $26,772 |
| Annual Per SF | $17.03 |
| Taxes | |
|---|---|
| Annual | $3,342 |
| Annual Per SF | $2.13 |
| Operating Expenses | |
|---|---|
| Annual | $5,381 |
| Annual Per SF | $3.42 |
| Total Expenses | |
|---|---|
| Annual | $8,723 |
| Annual Per SF | $5.55 |
| Net Operating Income | |
|---|---|
| Annual | $18,049 |
| Annual Per SF | $11.48 |
Property Facts
| Price | $349,900 | Building Class | C |
| Price Per Unit | $174,950 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 1,572 SF |
| Cap Rate | 5.16% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $349,900 |
| Price Per Unit | $174,950 |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,572 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1947 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 1 | $1,300 | 864 |
| 1+1 | 1 | $1,000 | 708 |
1 1
Property Taxes
| Parcel Number | 2-3684 | Total Assessment | $271,690 (2024) |
| Land Assessment | $32,630 (2024) | Annual Taxes | $3,342 ($2.13/SF) |
| Improvements Assessment | $239,060 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
2-3684
Land Assessment
$32,630 (2024)
Improvements Assessment
$239,060 (2024)
Total Assessment
$271,690 (2024)
Annual Taxes
$3,342 ($2.13/SF)
Tax Year
2025
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
706 Laurel St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.