Duplex with Covered
New
For Sale
$325,000
1509 S 2nd Ave, Yakima, WA 98902
Residential Income, Yakima, WA
Property Size1,368 SF
Lot Size0.21 Acres
Price / SF$237.57
Days on Market3
Property Features for 1509 S 2nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R3 - Multi Fam Res
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Directions
E on Mead turn left on 2nd ave home on the left side 1509
Subdivision
1B - SE Yakima
Standard status
Active
APN
19133122548
Size
1,368 SF
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2192
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1945
Number of units
2
Building materials
Frame
Roof type
Composition
Listing Agency:
YV Wine Country Properties
(509) 901-3636
Listed By:
Jose luis Segovia
(509) 314-9805
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 25 at 8:06PM
MLS# 26-3268
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.
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Investment Insights
Based on property information with market context.
This 1,368-square-foot duplex contains two one-bedroom, one-bathroom units, both currently rented. The frame-built property dates to 1945 and has laminate flooring, with newer flooring in most areas. A small unfinished laundry room sits at the rear, and a one-car carport provides covered parking. The roof is composition, and heating is natural gas.
Set on a 0.21-acre lot in Yakima, the property also has public water service. Its two-unit layout and existing occupancy are central features of the offering.
Set on a 0.21-acre lot in Yakima, the property also has public water service. Its two-unit layout and existing occupancy are central features of the offering.
Key Highlights
- Two one‑bedroom, one‑bathroom units; both are rented
- 1,368 square feet on a 0.21‑acre lot
- One‑car carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,359
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,180
$307.2K
Cap Rate 7%
$219,414
$219.4K
Cap Rate 9%
$170,656
$170.7K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$23.5K $17.16/SF
− Vacancy
−$1.5K −$1.12/SF
EGI
$21.9K $16.04/SF
− OpEx
−$6.6K −$4.81/SF
NOI
$15.4K $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%
$307,180
Cap Rate 7%
$219,414
Cap Rate 9%
$170,656
Alternative Uses
Best Use
Multifamily LT 5
$219.4K
$192.0K – $256.0K
NOI $15,359 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$191.0K
$167.1K – $222.8K
NOI $13,370 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$277.8K
$243.1K – $324.1K
NOI $19,447 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
437
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied one-bedroom residences provide separate rental units on a 0.21-acre parcel.
Where is this duplex located?
The property is located at 1509 S 2nd Ave Yakima, WA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units; both are rented; 1,368 square feet on a 0.21‑acre lot; One‑car carport
