Wapato Triplex: Fully Rented
115 East D Street Wapato, WA 98951
115 East D Street, Wapato, WA, 98951
$395,000
For Sale
$395,000
Fully rented triplex in Wapato, offering immediate cash flow.
Property Size2,496 SF
Price / SF$158.25
Days on Market171
Property Features for 115 East D Street
General Information
- Standard status
- Active
- Size
- 2,496 SF
- Property subtype
- Multi Family / Triplex
Building Details
- Year Built
- 1978
Listing Agency
Century 21 Tri-Cities
(509) 840-2814
Listed by
Geoff Bowlsby · License #30766
(509) 840-2814
Source
Compass
Added: Jan 26 Checked: Jul 16 at 7:32 am
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 Century 21 Tri-Cities
Investment Insights
Based on property information with market context.
This fully rented triplex in Wapato presents an investment opportunity with immediate cash flow. Unit 1 features a 1,536 sq. ft. floor plan, including 3 bedrooms and 1 bathroom. The living room is equipped with a brick fireplace. Additional features include electric baseboard heating, wall A/C, a kitchen with a range and refrigerator, a dining area, and washer/dryer hookups. Units 2 and 3 each offer 1 bedroom and 1 bathroom within approximately 480 sq. ft. of living space. These units include electric baseboard heat and wall air conditioning. The property provides off-street parking for tenants and is located in Wapato. The property has a mix of unit sizes.
Key Highlights
- Fully rented triplex providing immediate cash flow.
- Mix of unit sizes (3‑bedroom and 1‑bedroom) attracts a broad tenant base.
- Ample off‑street parking for tenants.
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 | $42.8k | $17.16 |
| − Vacancy | −$2.8k | −$1.12 |
| EGI | $40.0k | $16.04 |
| − OpEx | −$12.0k | −$4.81 |
| NOI | $28.0k | $11.23 |
2,496 SF · lease $17.16/SF/yr · vacancy 6.53% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.3K – $467.1K
NOI $28,024 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$348.5K
$304.9K – $406.6K
NOI $24,394 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$506.9K
$443.5K – $591.4K
NOI $35,482 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Fully rented triplex in Wapato, offering immediate cash flow.
Where is this triplex located?
The property is located at 115 East D Street Wapato, WA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully rented triplex providing immediate cash flow.; Mix of unit sizes (3‑bedroom and 1‑bedroom) attracts a broad tenant base.; Ample off‑street parking for tenants.
