Property Details
706 Laurel Street
Kelso, WA 98626
$349,900
Active
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Cowlitz
Neighborhood
South Kelso
Listed
May 14, 2025
Financial Summary
Cap Rate
5.20%
Net Operating Income
$18,049
Gross Scheduled Income
$27,600
Gross Rent Multiplier
12.70
Total Expenses
$8,723
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
1,572
Leasable Area
1,572 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
4,800 sqft
Year Built
1947
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1947
Exterior Materials
Cement
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Paved, Sidewalk
Exterior Features
Cement/Concrete
Location
City
Kelso
County
Cowlitz
Coordinates
46.13322, -122.90953
Additional Information
Tax Year
2025
Annual Taxes
$3,342
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 4:34 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
