Duplex with Private
For Sale
$408,000
1695 Ruth St, Walla Walla, WA 99362
Two-unit residential property with updated finishes, tenant occupancy, private outdoor areas, and parking on a private road.
Property Size2,624 SF
Price / SF$155.49
Days on Market49
Property Features for 1695 Ruth St
General Information
Standard status
Active
Size
2,624 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/1.5BA
Multifamily Units
2
Amenities
private backyards
Building Details
Year Built
1940
Listing Agency:
Congress Realty, Inc
Listed By:
Jared English · License #0561973
(888) 881-4118
Source:
Wisser
Added: Aug 30
Changed: Oct 2
Last Checked: Oct 5 at 9:05PM
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 Congress Realty, Inc
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Investment Insights
Based on property information with market context.
This duplex contains 2,624 square feet and was built in 1940. Unit A has received new LVP flooring, carpet, and interior paint, while both residences have private backyards and ample parking. The property is situated on a private road governed by a recorded maintenance agreement.
Both units are occupied by long-term tenants, and the property has a history of low vacancy. The existing occupancy and recent improvements provide a straightforward configuration for an owner seeking a residential income property with established tenant relationships.
Both units are occupied by long-term tenants, and the property has a history of low vacancy. The existing occupancy and recent improvements provide a straightforward configuration for an owner seeking a residential income property with established tenant relationships.
Key Highlights
- 2,624‑square‑foot duplex built in 1940
- Unit A updated with new LVP flooring, carpet, and paint
- Both units occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,416
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,320
$428.3K
Cap Rate 7%
$305,943
$305.9K
Cap Rate 9%
$237,956
$238.0K
Market Conditions
NOI Build-Up for 2,624 SF
Gross rent
$31.8K $12.12/SF
− Vacancy
−$1.2K −$0.46/SF
EGI
$30.6K $11.66/SF
− OpEx
−$9.2K −$3.50/SF
NOI
$21.4K $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 Rate 5%
$428,320
Cap Rate 7%
$305,943
Cap Rate 9%
$237,956
Alternative Uses
Best Use
Multifamily LT 5
$305.9K
$267.7K – $356.9K
NOI $21,416 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$267.2K
$233.8K – $311.7K
NOI $18,704 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$617.5K
$540.3K – $720.5K
NOI $43,227 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
191
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with updated finishes, tenant occupancy, private outdoor areas, and parking on a private road.
Where is this duplex located?
The property is located at 1695 Ruth St Walla Walla, WA.
What is the asking price?
The asking price for this property is $408,000.
What are key features of this property?
This property features: 2,624‑square‑foot duplex built in 1940; Unit A updated with new LVP flooring, carpet, and paint; Both units occupied by long‑term tenants
