Duplex with Detached Two-Car
For Sale
$399,950
1414 W Yakima Ave, Yakima, WA 98902
Two one-bedroom units include private basements, central air, and dedicated garage parking.
Property Size3,040 SF
Lot Size0.11 Acres
Price / SF$131.56
Days on Market24
Property Features for 1414 W Yakima Ave
General Information
Standard status
Active
Size
3,040 SF
Total Parking Spaces
2
Lot size
0.11 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,383
Amenities
central air conditioning
private yard
Building Details
Buildings
1
Listing Agency:
Windermere Real Estate Midtown
(206) 527-5445
Listed By:
David Stelzer
(206) 527-5445
Source:
Exprealty
Added: Jul 20
Changed: Aug 11
Last Checked: Aug 11 at 10:03AM
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 Windermere Real Estate Midtown
Investment Insights
Based on property information with market context.
This true duplex at 1414 W Yakima Ave includes approximately 3,040 square feet across two residential units. Each unit has one bedroom, one bathroom, a main living level, and a private basement that adds storage and flexibility. Interior details include wood millwork, built-in cabinetry, hardwood floors beneath the carpet, and light-filled windows. Central air conditioning serves both units.
The property occupies a 5,000-square-foot corner lot in central Yakima, with a private yard and detached two-car garage. The garage provides dedicated parking and additional storage. Shopping, restaurants, parks, schools, medical facilities, and major transportation routes are located nearby.
The property occupies a 5,000-square-foot corner lot in central Yakima, with a private yard and detached two-car garage. The garage provides dedicated parking and additional storage. Shopping, restaurants, parks, schools, medical facilities, and major transportation routes are located nearby.
Key Highlights
- True duplex with approximately 3, 040 square feet
- Two units, each with one bedroom, one bathroom, and a private basement
- 5, 000‑square‑foot corner lot with private yard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$682,640
$682.6K
Cap Rate 7%
$487,600
$487.6K
Cap Rate 9%
$379,244
$379.2K
Market Conditions
NOI Build-Up for 3,040 SF
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.
Gross rent
$52.2K $17.16/SF
− Vacancy
−$3.4K −$1.12/SF
EGI
$48.8K $16.04/SF
− OpEx
−$14.6K −$4.81/SF
NOI
$34.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$682,640
Cap Rate 7%
$487,600
Cap Rate 9%
$379,244
Alternative Uses
Best Use
Multifamily LT 5
$487.6K
$426.7K – $568.9K
NOI $34,132 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$424.4K
$371.4K – $495.2K
NOI $29,710 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$617.4K
$540.2K – $720.3K
NOI $43,215 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,832
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units include private basements, central air, and dedicated garage parking.
Where is this duplex located?
The property is located at 1414 W Yakima Ave Yakima, WA.
What is the asking price?
The asking price for this property is $399,950.
What are key features of this property?
This property features: True duplex with approximately 3, 040 square feet; Two units, each with one bedroom, one bathroom, and a private basement; 5, 000‑square‑foot corner lot with private yard
