Duplex with Private
For Sale
$535,000
1900 West Mead Avenue Unit 1 & 2, Yakima, WA 98902
Two residential units feature fenced outdoor areas, granite countertops, and dedicated primary suites.
Property Size2,700 SF
Price / SF$198.15
Days on Market178
Property Features for 1900 West Mead Avenue Unit 1 & 2
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
2
Property subtype
Multi Family / Duplex
Zoning
R2 - 2 Fam Res
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,426
Amenities
modern granite countertops
private master bedroom with master bath
private fenced backyard
Forced Air
Composition
Wood
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Yakima-CW Real Estate, LLC
(509) 307-6062
Listed By:
Ricardo Gonzalez · License #22003632
(509) 307-6062
Source:
Compass
Added: Mar 6
Changed: Aug 30
Last Checked: Aug 30 at 6:45AM
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 Yakima-CW Real Estate, LLC
Investment Insights
Based on property information with market context.
This duplex, built in 2024, contains two residential units with matching layouts. Each unit offers 3 bedrooms, 2 full bathrooms, a 1-car garage, granite countertops, a private primary bedroom with an attached bathroom, and a fully fenced backyard. Forced-air heating serves the interiors, while composition and wood materials are used on the exterior.
One unit has not been occupied, and the other has been used by short-term tenants. The property is located at 1900 West Mead Avenue in Yakima, Washington, and is zoned R2 - 2 Fam Res. Its two-unit configuration supports separate living arrangements within a single residential property.
One unit has not been occupied, and the other has been used by short-term tenants. The property is located at 1900 West Mead Avenue in Yakima, Washington, and is zoned R2 - 2 Fam Res. Its two-unit configuration supports separate living arrangements within a single residential property.
Key Highlights
- 2024 construction with 2 residential units
- Each unit includes 3 bedrooms and 2 full bathrooms
- 1‑car garage provided for each unit
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
$30,315
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
5.67%
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%
$606,300
$606.3K
Cap Rate 7%
$433,071
$433.1K
Cap Rate 9%
$336,833
$336.8K
Market Conditions
NOI Build-Up for 2,700 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
$46.3K $17.16/SF
− Vacancy
−$3.0K −$1.12/SF
EGI
$43.3K $16.04/SF
− OpEx
−$13.0K −$4.81/SF
NOI
$30.3K $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%
$606,300
Cap Rate 7%
$433,071
Cap Rate 9%
$336,833
Alternative Uses
Best Use
Multifamily LT 5
$433.1K
$378.9K – $505.3K
NOI $30,315 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$377.0K
$329.8K – $439.8K
NOI $26,387 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$548.3K
$479.8K – $639.7K
NOI $38,381 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
258
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature fenced outdoor areas, granite countertops, and dedicated primary suites.
Where is this duplex located?
The property is located at 1900 West Mead Avenue Unit 1 & 2 Yakima, WA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2024 construction with 2 residential units; Each unit includes 3 bedrooms and 2 full bathrooms; 1‑car garage provided for each unit
