1 Teal Street, Longview, WA 98632

$575,000
2,208
SqFt

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Listing courtesy of Keller Williams South Sound.

List Price
$575,000
Status
ACTIVE
MLS#
2513792
Days on Market
90
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
2,208
Area Total SqFt
2208
Annual Tax Ammount
2698.36
Internet Provider
X-finity
Lot Size (sq ft)
8,459
Sewer
Sewer Connected

Property Description

A turnkey opportunity to generate income from day one with this beautifully updated duplex in West Longview. offering space, flexibility, and strong investment potential. Each unit features over 1,100 sq ft with 2 bedrooms, 1 bath, a dedicated laundry room, with a layout designed for comfortable everyday living. Recent updates include new flooring, updated countertops, new LG appliances including washers and dryers, refreshed bathrooms, and fresh interior paint. New 50 gallon hot water tanks and new energy-efficient mini split heat pumps provide year-round comfort and lower utility bills. Additional improvements over the past few years include a newer roof, exterior paint, and a newer concrete driveway and more. One unit is currently owner-occupied, while the second is vacant perfect for immediate rental income or the opportunity to live in one unit while offsetting your payment. With a strong past rental history, this property offers both stability and future potential. Set on a spacious corner lot with mature landscaping, each unit includes its own single car garage plus additional off-street parking. Located in an established neighborhood with a convenient location and welcoming setting. Investors, owner-occupants, and savvy buyers—this is one you won’t want to miss.

Additional Information

List Date
2026-04-30 17:38:31
Community
West Longview
Net Operating Income
$38,102
Gross Adjusted Income
$38,102
Gross Scheduled Income
$42,000
Total Monthly Income
$3,500
Insurance Expenses
$1,200
Gross Rent Multiplier
13.69
Total Expenses
$3,898
Cap Rate
6.6
Total Number of Units
2
Unit Name
1
Potential Terms
Cash, Conventional, FHA
Year Built
1978
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet, Patio
Energy Source
Electric
School District
Longview
Elementary School
Northlake Elem
Middle School
Mt Solo Mid
High School
R A Long High
Total Monthly Income
$3,500
Gross Scheduled Income
$42,000
Gross Adjusted Income
$38,102
Tax Year
2026
Insurance Expense
$1,200
Total Expenses
$3,898
Net Operating Income
$38,102
Gross Rent Multiplier
13.69
Cap Rate
6.6
Based on information submitted to the MLS GRID as of . 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.
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