Duplex with Private
For Sale
$615,000
1917 Landon Ave, Union Gap, WA 98903
MULTI_FAMILY - Union Gap, WA
Property Size2,424 SF
Price / SF$253.71
Days on Market125
Property Features for 1917 Landon Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MULTI-FAMILY RE
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5
Parking features
Garage
Patio and Porch features
Patio
Interior features
Tile Bath
Exterior features
Fencing/Partial
Fencing
Fenced
Basement
Crawl Space
Appliances
Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
Subdivision
NONE/NA
Elementary school district
Union Gap
Middle school district
Union Gap
High school district
Union Gap
Directions
South on 1st Ave, West on Washington Ave, South on Landon Ave to property.
Standard status
Active
APN
19133132405
Size
2,424 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4090
Utilities
Utilities
Electricity Available
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air, Heat Pump
Water source
Public
Amenities
private partially fenced backyards and patios
Building Details
Year built
2024
Number of units
2
Flooring type
Tile
Building materials
Cement Board
Roof type
Composition
Listing Agency:
John L Scott Yakima
(150) 996-6990
Listed By:
Amy Del Vecchio · License #113445
(509) 654-0258
Added: Apr 24
Changed: Aug 3
Last Checked: Aug 26 at 7:06AM
MLS# 292419
Copyright © 2026 PACMLS. 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.
This newer-construction duplex was built in 2024 and offers a practical, low-maintenance income layout with modern finishes. Each unit features a spacious three-bedroom, two-bathroom floor plan with 1,212 square feet of living space, totaling 2,424 square feet across the property. Interior details include granite countertops and ceramic tile flooring, along with energy-efficient water heaters and HVAC systems.
Outside, each unit has an oversized single-car garage plus a private partially fenced backyard with a patio. The home has a composition roof and cement board construction. Utilities include electricity availability, and the water source is public.
The attic is designed for future expansion, providing an opportunity to add an additional bonus room.
Outside, each unit has an oversized single-car garage plus a private partially fenced backyard with a patio. The home has a composition roof and cement board construction. Utilities include electricity availability, and the water source is public.
The attic is designed for future expansion, providing an opportunity to add an additional bonus room.
Key Highlights
- Duplex built in 2024
- Each unit has three bedrooms and two bathrooms
- 1,212 SF per unit and 2,424 SF total living area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,216
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$544,320
$544.3K
Cap Rate 7%
$388,800
$388.8K
Cap Rate 9%
$302,400
$302.4K
Market Conditions
NOI Build-Up for 2,424 SF
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.
Gross rent
$41.6K $17.16/SF
− Vacancy
−$2.7K −$1.12/SF
EGI
$38.9K $16.04/SF
− OpEx
−$11.7K −$4.81/SF
NOI
$27.2K $11.23/SF
Area
Yakima County, WA
Vacancy
6.53%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$544,320
Cap Rate 7%
$388,800
Cap Rate 9%
$302,400
Alternative Uses
Best Use
Multifamily LT 5
$388.8K
$340.2K – $453.6K
NOI $27,216 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$338.4K
$296.1K – $394.8K
NOI $23,690 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$492.3K
$430.7K – $574.3K
NOI $34,458 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 98903, WA
17,491
Population
6,541
Households
2.7
Avg Household Size
39
Median Age
18%
College-Educated
79%
High-School Grad
192.5 sq mi
ZIP Area
91
Density / Sq Mi
$69,188
Median Household Income
$35,250
Median Earnings
$1,232
Median Rent
$265,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newer-construction duplex built in 2024 with each unit featuring private patios and partially fenced backyards.
Where is this duplex located?
The property is located at 1917 Landon Ave Union Gap, WA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Duplex built in 2024; Each unit has three bedrooms and two bathrooms; 1,212 SF per unit and 2,424 SF total living area
