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706 Laurel St 2 Unit Apartment Building $471,991 CAD ($235,995 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$37,230
|
$23.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,117
|
$0.71
|
| Effective Gross Income |
$36,114
|
$22.97
|
| Taxes |
$4,508
|
$2.87
|
| Operating Expenses |
$7,259
|
$4.62
|
| Total Expenses |
$11,767
|
$7.49
|
| Net Operating Income |
$24,347
|
$15.49
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $37,230 |
| Annual Per SF | $23.68 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $1,117 |
| Annual Per SF | $0.71 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $36,114 |
| Annual Per SF | $22.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,508 |
| Annual Per SF | $2.87 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,259 |
| Annual Per SF | $4.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $11,767 |
| Annual Per SF | $7.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $24,347 |
| Annual Per SF | $15.49 |
Property Facts
| Price | $471,991 CAD | Building Class | C |
| Price Per Unit | $235,995 CAD | 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 | $471,991 CAD |
| Price Per Unit | $235,995 CAD |
| 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 | $1,754 CAD | 864 |
| 1+1 | 1 | $1,349 CAD | 708 |
1 1
Property Taxes
| Parcel Number | 2-3684 | Total Assessment | $377,242 CAD (2024) |
| Land Assessment | $45,307 CAD (2024) | Annual Taxes | $4,508 CAD ($2.87 CAD/SF) |
| Improvements Assessment | $331,935 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
2-3684
Land Assessment
$45,307 CAD (2024)
Improvements Assessment
$331,935 CAD (2024)
Total Assessment
$377,242 CAD (2024)
Annual Taxes
$4,508 CAD ($2.87 CAD/SF)
Tax Year
2025
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706 Laurel St
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