8-Unit Apartment
New
For Sale
$649,900
311 N 7th St #1-8, Yakima, WA 98901
All eight one-bedroom residences have private exterior entrances and updated interiors.
Property Size4,872 SF
Price / SF$133.39
Days on Market5
Property Features for 311 N 7th St #1-8
General Information
Standard status
Active
Size
4,872 SF
Property subtype
Multi-Family
Units
Unit Mix
8 x 1BR
Multifamily Units
8
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1965
Listing Agency:
United Country Real Estate - Dedicated Realty
Listed By:
Phil Simpson · License #PSimp
(509) 654-8086
Source:
Communityrealestategroup
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 5:10AM
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 United Country Real Estate - Dedicated Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,872-square-foot apartment property contains eight one-bedroom units, each with a distinct floor plan and its own exterior entrance. Interior improvements include updated bathrooms and flooring, while the building has also received new siding and roofing. Built in 1965, the property offers a configuration of individual residences with direct outdoor access.
Key Highlights
- Eight one‑bedroom apartments, each with a private exterior entrance
- 4,872 square feet
- Distinct floor plans across the eight units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,614
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,280
$952.3K
Cap Rate 7%
$680,200
$680.2K
Cap Rate 9%
$529,044
$529.0K
Market Conditions
NOI Build-Up for 4,872 SF
Gross rent
$93.0K $19.08/SF
− Vacancy
−$6.4K −$1.31/SF
EGI
$86.6K $17.77/SF
− OpEx
−$39.0K −$8.00/SF
NOI
$47.6K $9.77/SF
Area
Yakima County, WA
Vacancy
6.87%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,280
Cap Rate 7%
$680,200
Cap Rate 9%
$529,044
Alternative Uses
Best Use
Apartment 5plus
$680.2K
$595.2K – $793.6K
NOI $47,614 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$989.4K
$865.7K – $1.15M
NOI $69,257 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 98901, WA
32,351
Population
12,201
Households
2.7
Avg Household Size
33
Median Age
17%
College-Educated
72%
High-School Grad
184.5 sq mi
ZIP Area
175
Density / Sq Mi
$56,429
Median Household Income
$33,058
Median Earnings
$996
Median Rent
$268,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All eight one-bedroom residences have private exterior entrances and updated interiors.
Where is this apartment building located?
The property is located at 311 N 7th St #1-8 Yakima, WA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Eight one‑bedroom apartments, each with a private exterior entrance; 4,872 square feet; Distinct floor plans across the eight units
