Remodeled
For Sale
Contact for pricing
1319 Jefferson Ave, Yakima, WA 98902
R3 multifamily zoning supports a four-unit residential income property with updated interiors and exterior improvements.
Property Size3,128 SF
Price / SF$175.80
Days on Market181
Property Features for 1319 Jefferson Ave
General Information
Standard status
Active
Size
3,128 SF
Property subtype
Multifamily
Zoning
R3- Multi Fam Res
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Buildings
1
Stories
2
Units
4
Listing Agency:
United Country Real Estate Dedicated Realty, LLC
Listed By:
Phil Simpson · License #26472
(509) 480-9939
Source:
Crexi
Added: Apr 18
Changed: Oct 6
Last Checked: Oct 14 at 11:22PM
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 United Country Real Estate Dedicated Realty, LLC
Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,128 square feet and has undergone extensive remodeling. Interior updates include hard-surface tile and vinyl plank flooring, modernized kitchens, and refreshed bathrooms. Exterior work includes new roofs, block siding, and low-maintenance landscaping.
The property is zoned R3- Multi Fam Res and includes long-term tenants. Current rents are below market, creating documented room for rent increases. The property has also experienced consistently low vacancy and includes improvements intended to reduce ongoing maintenance requirements.
The property is zoned R3- Multi Fam Res and includes long-term tenants. Current rents are below market, creating documented room for rent increases. The property has also experienced consistently low vacancy and includes improvements intended to reduce ongoing maintenance requirements.
Key Highlights
- Four‑unit property with 3,128 square feet
- All units updated with tile and vinyl plank flooring
- Modernized kitchens and refreshed bathrooms throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,120
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,400
$702.4K
Cap Rate 7%
$501,714
$501.7K
Cap Rate 9%
$390,222
$390.2K
Market Conditions
NOI Build-Up for 3,128 SF
Gross rent
$53.7K $17.16/SF
− Vacancy
−$3.5K −$1.12/SF
EGI
$50.2K $16.04/SF
− OpEx
−$15.1K −$4.81/SF
NOI
$35.1K $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%
$702,400
Cap Rate 7%
$501,714
Cap Rate 9%
$390,222
Alternative Uses
Best Use
Multifamily LT 5
$501.7K
$439.0K – $585.3K
NOI $35,120 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$436.7K
$382.1K – $509.5K
NOI $30,570 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$635.2K
$555.8K – $741.1K
NOI $44,466 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
Explore this area
Business Placement
Demographics for 98902, WA
47,589
Population
17,723
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
78%
High-School Grad
9.3 sq mi
ZIP Area
5,117
Density / Sq Mi
$60,050
Median Household Income
$36,900
Median Earnings
$1,045
Median Rent
$237,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - R3 multifamily zoning supports a four-unit residential income property with updated interiors and exterior improvements.
Where is this quadplex located?
The property is located at 1319 Jefferson Ave Yakima, WA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Four‑unit property with 3,128 square feet; All units updated with tile and vinyl plank flooring; Modernized kitchens and refreshed bathrooms throughout
