Well-Maintained Yakima Multifamily
1403-1405 Roosevelt Avenue Yakima, WA 98902
1403-1405 Roosevelt Avenue, Yakima, WA, 98902
$974,900
For Sale
$974,900
Eight-unit multifamily property with upside potential in Yakima, Washington.
Property Size6,056 SF
Price / SF$160.98
Days on Market311
Property Features for 1403-1405 Roosevelt Avenue
General Information
- Standard status
- Active
- Size
- 6,056 SF
- Property subtype
- Multi Family / Fourplex
Building Details
- Year Built
- 1977
Listing Agency
United Country Real Estate - Dedicated Realty
(509) 654-8086
Listed by
Phil Simpson · License #26472
(509) 654-8086
Source
Compass
Added: Sep 9, 2025 Checked: Jul 15 at 8:33 pm
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
Investment Insights
Based on property information with market context.
This multifamily property features eight well-maintained units, each with two bedrooms and one bathroom, situated within two fourplex buildings. The property includes newer roofs and paint, along with a fenced yard featuring a coded gate. Tile floors and low-maintenance landscaping contribute to the property's appeal as a turn-key income opportunity. Currently, the property operates with below-market rents, presenting an opportunity for increased revenue. The property is suitable for either residential or commercial financing. The property size is 6,056 square feet.
Key Highlights
- Turn‑key income property featuring 8 units.
- Residential or commercial financing options available.
- Newer roofs and paint ensure worry‑free ownership.
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 | $103.9k | $17.16 |
| − Vacancy | −$6.8k | −$1.12 |
| EGI | $97.1k | $16.04 |
| − OpEx | −$29.1k | −$4.81 |
| NOI | $68.0k | $11.23 |
6,056 SF · lease $17.16/SF/yr · vacancy 6.53% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$971.3K
$849.9K – $1.13M
NOI $67,994 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$845.5K
$739.8K – $986.4K
NOI $59,186 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,088 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Eight-unit multifamily property with upside potential in Yakima, Washington.
Where is this quadplex located?
The property is located at 1403-1405 Roosevelt Avenue Yakima, WA.
What is the asking price?
The asking price for this property is $974,900.
What are key features of this property?
This property features: Turn‑key income property featuring 8 units.; Residential or commercial financing options available.; Newer roofs and paint ensure worry‑free ownership.
