Duplex Portfolio with
10216 Old Naches Hwy, Naches, WA 98937
For Sale
$2,300,000
Rental Income, Naches, WA
Property Size11,616 SF
Lot Size0.25 Acres
Price / SF$198
Days on Market103
Property Features for 10216 Old Naches Hwy
General Information
Property type
Property subtype
Zoning description
Parking features
Appliances
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Coldwell Banker Cascade Real Estate · Coldwell Banker Real Estate
(509) 248-5050
Listed By:
Ivonne Young · License WA #79385
(509) 961-6834
Added: Jul 31
Changed: Oct 22
Last Checked: Nov 10 at 7:06PM
MLS# 26-2325
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.
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Investment Insights
Based on property information with market context.
This 11,616-square-foot rental portfolio comprises four duplexes and one triplex, totaling 11 residential units. The duplexes each contain two two-bedroom units with 1.75 baths; three were built in 2001 and one in 1996. The triplex, built in 1996, has three two-bedroom, one-bath units. Every unit has an attached garage, and long-term tenants are in place.
The properties are in the Naches School District. The portfolio includes 11 ranges and 11 refrigerators, with frame construction, electric heat, and composition roofs.
The properties are in the Naches School District. The portfolio includes 11 ranges and 11 refrigerators, with frame construction, electric heat, and composition roofs.
Key Highlights
- Five rental properties: four duplexes and one triplex, totaling 11,616 square feet
- 11 units, each with an attached garage
- Three duplexes built in 2001; each has 2,112 square feet and two 2‑bedroom, 1.75‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,420
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,608,400
$2.6M
Cap Rate 7%
$1,863,143
$1.9M
Cap Rate 9%
$1,449,111
$1.4M
Market Conditions
NOI Build-Up for 11,616 SF
Gross rent
$199.3K $17.16/SF
− Vacancy
−$13.0K −$1.12/SF
EGI
$186.3K $16.04/SF
− OpEx
−$55.9K −$4.81/SF
NOI
$130.4K $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 Rate 5%
$2,608,400
Cap Rate 7%
$1,863,143
Cap Rate 9%
$1,449,111
Alternative Uses
Best Use
Multifamily LT 5
$1.86M
$1.63M – $2.17M
NOI $130,420 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,524 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,126 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
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Demographics for 98937, WA
4,423
Population
2,525
Households
1.8
Avg Household Size
43
Median Age
21%
College-Educated
87%
High-School Grad
864.9 sq mi
ZIP Area
5
Density / Sq Mi
$63,646
Median Household Income
$39,094
Median Earnings
$888
Median Rent
$343,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Yakima County, WA
Properties on Market for Duplexes in Yakima County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Five occupied rental properties in the Naches School District include attached garages for every unit.
Where is this duplex located?
The property is located at 10216 Old Naches Hwy Naches, WA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Five rental properties: four duplexes and one triplex, totaling 11,616 square feet; 11 units, each with an attached garage; Three duplexes built in 2001; each has 2,112 square feet and two 2‑bedroom, 1.75‑bath units
