Single-Level 4-Plex Investment
1711 Willow Street Yakima, WA 98902
1711 Willow Street, Yakima, WA, 98902
$425,000
For Sale
$425,000
Attractive 4-plex with strong rental history and income potential.
Property Size2,376 SF
Price / SF$178.87
Days on Market52
Property Features for 1711 Willow Street
General Information
- Standard status
- Active
- Size
- 2,376 SF
- Property subtype
- Multi Family / Fourplex
Building Details
- Year Built
- 1996
Listing Agency
John L Scott Yakima
(509) 952-7788
Listed by
Chris Thorn · License #139157
(509) 952-7788
Source
Compass
Added: May 26 Checked: Jul 15 at 10:35 pm
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
Investment Insights
Based on property information with market context.
This single-level 4-plex presents an investment opportunity, featuring four units. Each unit includes one bedroom, one bathroom, and a parking space. The property has a total size of 2376 square feet. The property has a solid rental history and is currently 100% occupied. The current gross monthly rental income is $2,925 when fully rented. Tenants are responsible for paying electricity. This multi-family property may appeal to seasoned investors or owner-occupants seeking income potential.
Key Highlights
- Strong income potential: Gross monthly rental income of $2,925 when fully rented.
- 100% occupancy: Property is currently fully occupied, ensuring immediate cash flow.
- Single‑level units: All four units are on one level, providing accessibility and convenience for tenants.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.8k | $17.16 |
| − Vacancy | −$2.7k | −$1.12 |
| EGI | $38.1k | $16.04 |
| − OpEx | −$11.4k | −$4.81 |
| NOI | $26.7k | $11.23 |
2,376 SF · lease $17.16/SF/yr · vacancy 6.53% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.1K
$333.5K – $444.6K
NOI $26,677 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$331.7K
$290.3K – $387.0K
NOI $23,221 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$482.5K
$422.2K – $562.9K
NOI $33,776 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Attractive 4-plex with strong rental history and income potential.
Where is this quadplex located?
The property is located at 1711 Willow Street Yakima, WA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Strong income potential: Gross monthly rental income of $2,925 when fully rented.; 100% occupancy: Property is currently fully occupied, ensuring immediate cash flow.; Single‑level units: All four units are on one level, providing accessibility and convenience for tenants.
