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.