Remodeled Furnished
New
For Sale
$349,000
15 Eagan Street, Walla Walla, WA 99362
Two private-entry residences provide furnished occupancy, updated interiors, and shared laundry in a compact residential income property.
Property Size1,296 SF
Price / SF$269.29
Days on Market3
Property Features for 15 Eagan Street
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Multi-Family
Net Operating Income
$18,505
Financials
Average Monthly Rent
$1,200
HOA Fee
$215
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$1,805
Amenities
shared laundry room
private park with a creek
Hardwood,Vinyl Plank,Carpet
Yes
No
2
Electric
Paved,Sidewalk
High Speed Internet
Wood
Poured Concrete
1296
Building Details
Building Size
1,296 SF
Year Built
1915
Buildings
1
Stories
2
Listing Agency:
Redfin
(503) 888-3111
Listed By:
Eric Steindler
(503) 888-3111
Source:
Premierepropertygroup
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 30 at 2:24AM
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 Redfin
Investment Insights
Based on property information with market context.
This 1,296-square-foot duplex contains two furnished one-bedroom residences arranged on separate levels, with private entrances for each unit. Both interiors include refreshed kitchens with stainless steel appliances, newer countertops, laminate flooring, carpet, and floor-to-ceiling tile showers. Mini-split systems provide electric heating and cooling, while a shared laundry room serves the property.
The units are currently rented through Furnished Finder, and the property includes an HOA that handles exterior and parking lot maintenance. Residents also have access to a private park featuring a creek. Additional physical features include paved surfaces, sidewalks, high-speed internet, wood construction, and a poured-concrete foundation. Built in 1915, the duplex offers a furnished two-unit configuration with established rental use.
The units are currently rented through Furnished Finder, and the property includes an HOA that handles exterior and parking lot maintenance. Residents also have access to a private park featuring a creek. Additional physical features include paved surfaces, sidewalks, high-speed internet, wood construction, and a poured-concrete foundation. Built in 1915, the duplex offers a furnished two-unit configuration with established rental use.
Key Highlights
- Two furnished 1‑bedroom units within a 1,296 SF duplex
- Private entrance for each upstairs and downstairs residence
- Updated kitchens with stainless steel appliances and newer countertops
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
$10,577
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
3.03%
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%
$211,540
$211.5K
Cap Rate 7%
$151,100
$151.1K
Cap Rate 9%
$117,522
$117.5K
Market Conditions
NOI Build-Up for 1,296 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
$15.7K $12.12/SF
− Vacancy
−$597 −$0.46/SF
EGI
$15.1K $11.66/SF
− OpEx
−$4.5K −$3.50/SF
NOI
$10.6K $8.16/SF
Area
Walla Walla County, WA
Vacancy
3.80%
Lease Rate
$12.12 /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%
$211,540
Cap Rate 7%
$151,100
Cap Rate 9%
$117,522
Alternative Uses
Best Use
Multifamily LT 5
$151.1K
$132.2K – $176.3K
NOI $10,577 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$132.0K
$115.5K – $154.0K
NOI $9,238 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$305.0K
$266.9K – $355.8K
NOI $21,350 @ 7.0% cap · market cap 6.12%
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
1,829
Businesses Nearby
Explore this area
Business Placement
Demographics for 99362, WA
43,249
Population
18,022
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
90%
High-School Grad
303.1 sq mi
ZIP Area
143
Density / Sq Mi
$70,660
Median Household Income
$37,236
Median Earnings
$1,148
Median Rent
$398,000
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 private-entry residences provide furnished occupancy, updated interiors, and shared laundry in a compact residential income property.
Where is this duplex located?
The property is located at 15 Eagan Street Walla Walla, WA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two furnished 1‑bedroom units within a 1,296 SF duplex; Private entrance for each upstairs and downstairs residence; Updated kitchens with stainless steel appliances and newer countertops
