Triplex with New
New
For Sale
$325,000
Pending
1691 Mcbride St, Sunnyside, WA 98944
Three residential units, a large lot, and recent roof replacement support continued rental use.
Property Size2,314 SF
Days on Market5
Property Features for 1691 Mcbride St
General Information
Standard status
Pending
Size
2,314 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1950
Listing Agency:
Retter And Company Sotheby's
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Sep 20
Changed: Sep 23
Last Checked: Sep 24 at 9:42AM
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 Retter And Company Sotheby's
Investment Insights
Based on property information with market context.
This triplex contains three revenue-producing residential units within 2,314 SF of building area. Built in 1950, the property has a brand-new roof and a rental history that supports its income-producing residential use. The lot provides room for off-street parking or outdoor enjoyment, adding flexibility for residents and property operations.
Located at 1691 Mcbride St in Sunnyside, Washington, the property offers access to local amenities and commuter routes. The combination of three units, a recent roof replacement, and a sizable lot creates a straightforward multifamily configuration for continued rental ownership.
Located at 1691 Mcbride St in Sunnyside, Washington, the property offers access to local amenities and commuter routes. The combination of three units, a recent roof replacement, and a sizable lot creates a straightforward multifamily configuration for continued rental ownership.
Key Highlights
- Three revenue‑producing residential units
- 2,314 SF triplex built in 1950
- Brand‑new roof reduces near‑term roof replacement needs
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
$25,981
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
7.99%
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%
$519,620
$519.6K
Cap Rate 7%
$371,157
$371.2K
Cap Rate 9%
$288,678
$288.7K
Market Conditions
NOI Build-Up for 2,314 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
$39.7K $17.16/SF
− Vacancy
−$2.6K −$1.12/SF
EGI
$37.1K $16.04/SF
− OpEx
−$11.1K −$4.81/SF
NOI
$26.0K $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%
$519,620
Cap Rate 7%
$371,157
Cap Rate 9%
$288,678
Alternative Uses
Best Use
Multifamily LT 5
$371.2K
$324.8K – $433.0K
NOI $25,981 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$323.1K
$282.7K – $376.9K
NOI $22,615 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$469.9K
$411.2K – $548.2K
NOI $32,894 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 98944, WA
22,412
Population
6,806
Households
3.3
Avg Household Size
29
Median Age
9%
College-Educated
59%
High-School Grad
544.6 sq mi
ZIP Area
41
Density / Sq Mi
$60,167
Median Household Income
$30,948
Median Earnings
$959
Median Rent
$230,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units, a large lot, and recent roof replacement support continued rental use.
Where is this triplex located?
The property is located at 1691 Mcbride St Sunnyside, 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: Three revenue‑producing residential units; 2,314 SF triplex built in 1950; Brand‑new roof reduces near‑term roof replacement needs
