418 Pioneer AveMontesano, WA 98563

This charming Montesano duplex, located at 418 Pioneer Ave E, presents a compelling investment opportunity. The property boasts a total of 2,362 square feet across two units situated on a 6,000 square foot lot. Built in 1891, this two-story building offers a blend of character and potential. The main unit, spanning 1,392 square feet according to county records, features two bedrooms, one full bath, and an eat-in kitchen with washer/dryer hookups. The upper unit, at 970 square feet, includes one bedroom, a 3/4 bath, high ceilings, and a spacious living room with an eat-in kitchen. Off-street parking is conveniently accessible from the rear alley. Currently, rents are below market value, with potential for significant increases. The main unit could command approximately $1400 per month, and the upper unit around $1000, representing substantial upside. The property's prime location places it within walking distance of shopping, the post office, a pharmacy, and a bus station, making it highly attractive to renters. This property is ideal for an owner-occupant seeking to live in one unit while generating rental income from the other. The property's proximity to schools further enhances its appeal. A modest refresh would significantly enhance the property's value and rental income. The asking price is $389,900, with a net operating income (NOI) of $11,311 and a cap rate of 2.90%. The property's APN is 076100800900. This is a rare opportunity to acquire a well-situated duplex in a desirable area with significant rental upside.