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706 Laurel St 2 Unit Apartment Building $494,741 CAD ($247,371 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 |
$39,025
|
$24.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,171
|
$0.74
|
| Effective Gross Income |
$37,854
|
$24.08
|
| Taxes |
$4,725
|
$3.01
|
| Operating Expenses |
$7,608
|
$4.84
|
| Total Expenses |
$12,334
|
$7.85
|
| Net Operating Income |
$25,520
|
$16.23
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $39,025 |
| Annual Per SF | $24.83 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $1,171 |
| Annual Per SF | $0.74 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $37,854 |
| Annual Per SF | $24.08 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,725 |
| Annual Per SF | $3.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,608 |
| Annual Per SF | $4.84 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,334 |
| Annual Per SF | $7.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $25,520 |
| Annual Per SF | $16.23 |
Property Facts
| Price | $494,741 CAD | Building Class | C |
| Price Per Unit | $247,371 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 | $494,741 CAD |
| Price Per Unit | $247,371 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 | $1,838 CAD | 864 |
| 1+1 | 1 | $1,414 CAD | 708 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2-3684 | Total Assessment | $379,975 CAD |
| Land Assessment | $45,365 CAD | Annual Taxes | $4,725 CAD ($3.01 CAD/SF) |
| Improvements Assessment | $334,610 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2-3684
Land Assessment
$45,365 CAD
Improvements Assessment
$334,610 CAD
Total Assessment
$379,975 CAD
Annual Taxes
$4,725 CAD ($3.01 CAD/SF)
Tax Year
2025
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706 Laurel St
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