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Three-Home Multifamily Property
For Sale
$340,000

1604 Garretson Lane, Yakima, WA 98908

Three residential structures occupy nearly two acres, with rental income and updated flooring in Unit B.

Property Size3,496 SF
Price / SF$97.25
Days on Market448

Property Features for 1604 Garretson Lane

General Information

Standard status Active
Size 3,496 SF
Property subtype Residential / Residential/Site Built

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $5,190

Amenities

Central Air
Electric, Gas
Finished
Carpets, Wood
One
Yes
2
3
Wood

Building Details

Year Built 1938
Buildings 3
Listing Agency: John L Scott Yakima
Listed By: W. Brad Chandler · License #24008390
Source: Compass
Added: Jul 27, 2025 Changed: Oct 10 Last Checked: Oct 16 at 11:09AM

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 John L Scott Yakima

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Investment Insights

Based on property information with market context.

This multifamily property includes three homes situated on just under two acres. The improvements date to 1938 and feature composition and wood exterior materials. Unit B has received new interior flooring, while the property includes electric interior features.

The property is located at 1604 Garretson Lane in Yakima, Washington 98908, and is identified as R1 - Single Fam Res zoning. The three homes currently produce rental income, offering an established residential income configuration.

Key Highlights

  • Three homes on just under 2 acres
  • Property produces rental income
  • Unit B has new interior flooring

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Restaurant Auto Repair Shop Electrical Service Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

21
Businesses Nearby

Demographics for 98908, WA

38,205
Population
15,496
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
105.7 sq mi
ZIP Area
361
Density / Sq Mi
$80,266
Median Household Income
$43,789
Median Earnings
$1,302
Median Rent
$356,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Three residential structures occupy nearly two acres, with rental income and updated flooring in Unit B.
Where is this multifamily property located?
The property is located at 1604 Garretson Lane Yakima, WA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Three homes on just under 2 acres; Property produces rental income; Unit B has new interior flooring
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