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    Two-Unit Residential Income Property Title is generated by Realmo AI

    410 S Queen Ann Blvd, Yakima, WA 98902

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    For Sale
    $185,000

    MULTI_FAMILY - Yakima, WA

    Property size:
    2,240 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $82/SF
    Added:
    Jun 5, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for 410 S Queen Ann Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    1
    Rooms
    Bedroom 1, Bathroom 1, Bathroom 2
    Standard status
    Active
    APN
    18132511420
    Size
    2,240 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1516

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1930
    Number of units
    2
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Kimberly Turnquist
    Kimberly Turnquist

    Listing agent Kimberly Turnquist License #50137

    Listing office Coldwell Banker Cascade Real Estate 205 N 40th Ave Suite 203, Yakima, WA

    Listing date Jun 5, 2026

    MLS# 26-1688 Listing URL

    Copyright © 2026 Yakima Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑unit property with full basements for both units (forced air gas furnace, washer/dryer hookups, hot water heater, and storage)
    • County build age listed as 1930 with an effective date of 1970 due to multiple updates
    • Heating includes forced air and natural gas; both units have forced air gas furnaces in the basements
    • Separate meters: tenants pay electrical and gas usage; landlord pays water, sewer, and garbage (about $75/month for each unit)
    • Unit 410 features a newer furnace plus newer carpet
    • Frame construction with composition roof and public water source

    Overview

    This two-unit residential income property was originally built in 1930, with an effective build date of 1970 following numerous updates. Each unit includes a full basement that contains the forced-air gas furnace, washer and dryer hookups, a hot water heater, and storage. The 410 unit features a newer furnace and newer carpet. Window air conditioning units are owned by the tenants, and the 412 unit is currently undergoing tenant clean-out work at the front and back.

    The property has separate utility meters for electrical and gas, which means tenants pay for their own electrical and gas usage. The landlord pays for water, sewer, and garbage, which are reported to run approximately $75 per month for each unit. The offering is for a for-sale duplex-style multi-family asset in Yakima, WA, with a total building size of 2,240 square feet and a 0.12-acre lot.

    For investors or buyers seeking a small residential income property, the layout provides self-contained basements with mechanical and laundry hookups for each unit, along with tenant-paid utilities through separate metering. Reported operating-cost responsibilities are also clearly divided between tenants and the landlord for water, sewer, and garbage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.511789
    Latitude
    46.591713

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    FAQs

    What type of property is this?
    Duplex - Two separately metered units with full basements and tenant-paid utilities provide a straightforward residential income setup.
    Where is this duplex located?
    The property is located at 410 S Queen Ann Blvd Yakima, WA.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Two‑unit property with full basements for both units (forced air gas furnace, washer/dryer hookups, hot water heater, and storage); County build age listed as 1930 with an effective date of 1970 due to multiple updates; Heating includes forced air and natural gas; both units have forced air gas furnaces in the basements
    (509) 248-5050
    We can help!
    Listing Contact
    Kimberly Turnquist
    Kimberly Turnquist
    Real Estate License ID: 50137
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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