8-Unit Apartment
101/103 N 9th St, Yakima, WA 98901
For Sale
$783,000
Long-term occupants and a steady rental record provide an existing income stream.
Property Size4,558 SF
Price / SF$171.79
Days on Market10
Property Features for 101/103 N 9th St
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Listing Agency:
Berkshire Hathaway HomeServices Central Washington Real Estate
(509) 966-3030
Listed By:
Russ D. Redfield
(509) 949-1455
Source:
Exprealty
Added: Oct 28
Changed: Nov 5
Last Checked: Nov 6 at 1:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Central Washington Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8-unit apartment property contains 4,558 square feet and has long-standing tenants, with a consistent rental history. The established occupancy provides rental income from the outset.
At 101/103 N 9th St in downtown Yakima, the property is near shopping, dining, public transportation, and everyday amenities. The estimated cap rate is in the 6% range.
At 101/103 N 9th St in downtown Yakima, the property is near shopping, dining, public transportation, and everyday amenities. The estimated cap rate is in the 6% range.
Key Highlights
- Eight apartment units totaling 4,558 square feet
- Long‑term tenants and a consistent rental history
- Estimated cap rate in the 6% range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,546
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,920
$890.9K
Cap Rate 7%
$636,371
$636.4K
Cap Rate 9%
$494,956
$495.0K
Market Conditions
NOI Build-Up for 4,558 SF
Gross rent
$87.0K $19.08/SF
− Vacancy
−$6.0K −$1.31/SF
EGI
$81.0K $17.77/SF
− OpEx
−$36.4K −$8.00/SF
NOI
$44.5K $9.77/SF
Area
Yakima County, WA
Vacancy
6.87%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,920
Cap Rate 7%
$636,371
Cap Rate 9%
$494,956
Alternative Uses
Best Use
Apartment 5plus
$636.4K
$556.8K – $742.4K
NOI $44,546 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$925.6K
$809.9K – $1.08M
NOI $64,794 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 98901, WA
32,351
Population
12,201
Households
2.7
Avg Household Size
33
Median Age
17%
College-Educated
72%
High-School Grad
184.5 sq mi
ZIP Area
175
Density / Sq Mi
$56,429
Median Household Income
$33,058
Median Earnings
$996
Median Rent
$268,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Long-term occupants and a steady rental record provide an existing income stream.
Where is this apartment building located?
The property is located at 101/103 N 9th St Yakima, WA.
What is the asking price?
The asking price for this property is $783,000.
What are key features of this property?
This property features: Eight apartment units totaling 4,558 square feet; Long‑term tenants and a consistent rental history; Estimated cap rate in the 6% range
