16 Chicago Ave Yakima, WA 98902
MULTI_FAMILY - Yakima, WA
- Added:
- Jun 12, 2026
- Days on Market:
- 33
- Last Refresh:
- Jul 14 at 12:06 am
Property Features for 16 Chicago Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
- Standard status
- Active
- APN
- 181324-32423
- Size
- 2,216 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 1813243
Utilities
- Water source
- Public
Building Details
- Year built
- 1911
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
Listing agent Sarah Mosier (509) 949-2192
Listing office Keller Williams Yakima Valley 1017 S 40th Ave., Yakima, WA (509) 966-1020
Listing date Jun 12, 2026
Copyright © 2026 Yakima Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
An unfinished detached ADU is also on the property, with power and sewer already connected, creating an opportunity to expand the income potential. The property is located on an R-3 multifamily-zoned street near Franklin Park, with access to restaurants, shopping, and everyday amenities.
The home totals 2,216 square feet and sits on a 0.14-acre lot.
Key Highlights
- Fully renovated 1911 Craftsman bungalow with frame construction and a composition roof
- Two separate living units: main level 2BD/1BA and basement level 2BD/1BA, each with a full bath and double sinks
- Separate basement living space includes its own kitchen area plus stacked washer/dryer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.0k | $17.16 |
| − Vacancy | −$2.5k | −$1.12 |
| EGI | $35.5k | $16.04 |
| − OpEx | −$10.7k | −$4.81 |
| NOI | $24.9k | $11.23 |
