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706 Laurel Street, Kelso, WA, 98626

4beds
2baths
1,572sqft
$349,900
$223price/sqft
$2,402/moest. monthly cost
$96,080/yrincome needed

About This Home

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.

Getting Around

26
WalkingCar-Dependent
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

6/10
6/10
Coweeman Middle SchoolGrades 6-81.2 mi
4/10
Kelso High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1947

Materials

  • Foundation: Block
  • Roof: Composition
  • Construction materials: Cement/Concrete

Notable Dates

  • Major remodel year: 1947

Type & Style

  • Home type: MultiFamily
  • Architectural style: Duplex
  • Property subType: Duplex

Interior

Features

  • Flooring: Vinyl,Carpet

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 1,572
  • Total interior livable area: 1,572 sqft

Property

Details

  • Parcel number: 23684
  • Zoning description: Residential,Jurisdiction: City
  • Special condition: Standard

Lot

  • Lot size: 4,800 sqft
  • Features: Corner Lot,Paved,Sidewalk

Parking

  • Total spaces: 5
  • Parking features: Open
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Strong Wind
    Strong WindModerate
  • Volcanic Activity
    Volcanic ActivityModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Earthquake
Heat Wave
Strong Wind
Volcanic Activity
Winter Weather

FEMA Declared Disasters in Cowlitz County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$116$1,392
Property Taxes $368$4,416
Electricity $149$1,793
Total$2,402$28,824
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$82,354/yr
40% on housing$72,060/yr
45% on housing$64,053/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.4%
10.4%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 5.3%
5.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$223This listing

vs Other Active Listings

Avg $/sqft

ZIP 98626$175
Cowlitz County$196

vs Homes Sold Last Month

Median $/sqft

ZIP 98626$271
Cowlitz County$281

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-05-14Listed for sale$349,900
2012-10-19Sold$90,000
2012-02-08Sold$40,000
2012-01-05Pending sale$60,000
2011-12-21Listed for sale$60,000
2011-12-16Pending sale$60,000
2011-11-09Listed for sale$60,000
2011-01-23Listing removed$59,900
2010-06-03Pending sale$59,900
2010-05-22Listed for sale$59,900

For Sale by Agent

AgentChris Roewe
BrokerageWoodford Commercial RE

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