Residential Income Portfolio with
1408-1428 S 8th St Yakima, WA 98901
For Sale
$1,750,000
COMMERCIAL - Yakima, WA
Property Size7,530 SF
Lot Size2.47 Acres
Price / SF$232.40
Days on Market232
Property Features for 1408-1428 S 8th St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 191330-41413,41415, 41409, 41412, 41414, 41405+
- Size
- 7,530 SF
- Lot size
- 2.47 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14390
Utilities
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1920
- Flooring type
- Vinyl
- Building materials
- Frame
- Roof type
- Composition
Listing Agency:
Keller Williams Yakima Valley
(509) 966-1020
Listed By:
Russ Roberts, · License #26317
(509) 949-2192
Added: Dec 4, 2025
Changed: Dec 23, 2025
Last Checked: Jul 24 at 4:06AM
MLS# 25-3483
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.
Investment Insights
Based on property information with market context.
This residential income portfolio consists of 15 houses across 9 separately parceled lots, positioned as a full city block footprint covering both sides of the street. The unit mix includes two 3-bedroom, 1-bath homes and thirteen 2-bedroom, 1-bath homes, providing existing rental income while offering flexibility for future planning.
All 9 parcels are zoned R2, supporting redevelopment potential. Based on the provided zoning and parcel structure, the property could be reconfigured or rebuilt to develop up to 36 units (9 parcels x 4 units), subject to applicable planning and permitting requirements.
The total land area is 2.47 acres, with a listed property size of 7,530 square feet. This offering is located at 1408–1428 S 8th St, Yakima, WA 98901.
All 9 parcels are zoned R2, supporting redevelopment potential. Based on the provided zoning and parcel structure, the property could be reconfigured or rebuilt to develop up to 36 units (9 parcels x 4 units), subject to applicable planning and permitting requirements.
The total land area is 2.47 acres, with a listed property size of 7,530 square feet. This offering is located at 1408–1428 S 8th St, Yakima, WA 98901.
Key Highlights
- Full city block portfolio with 15 houses across 9 separately parceled lots (both sides of the street).
- Unit mix: 2 three‑bedroom, 1‑bath houses and 13 two‑bedroom, 1‑bath houses.
- All 9 parcels are zoned R‑2, allowing redevelopment and potential density increase.
Financial Insights For Apartment 5plus
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 | $143.7k | $19.08 |
| − Vacancy | −$9.9k | −$1.31 |
| EGI | $133.8k | $17.77 |
| − OpEx | −$60.2k | −$8.00 |
| NOI | $73.6k | $9.77 |
7,530 SF · lease $19.08/SF/yr · vacancy 6.87% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$919.9K – $1.23M
NOI $73,591 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,042 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Portfolio includes 15 houses on 9 separately parceled lots, all zoned R2 for potential redevelopment.
Where is this single family property located?
The property is located at 1408-1428 S 8th St Yakima, WA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Full city block portfolio with 15 houses across 9 separately parceled lots (both sides of the street).; Unit mix: 2 three‑bedroom, 1‑bath houses and 13 two‑bedroom, 1‑bath houses.; All 9 parcels are zoned R‑2, allowing redevelopment and potential density increase.
