Renovated 2-Unit
New
For Sale
$595,000
422 S 49th Ave, Yakima, WA 98908
Residential Income, Yakima, WA
Property Size2,200 SF
Lot Size0.17 Acres
Price / SF$270.45
Days on Market3
Property Features for 422 S 49th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R2 - 2 Fam Res
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 5, Bedroom 1
Elementary school district
West Valley
Middle school district
West Valley
High school district
West Valley
Directions
From S 40th Ave west on Tieton Dr, right (north) on S 49th Ave, property on left between Tieton Dr and W Chestnut Ave.
Subdivision
5A - W 40th/S Yak Ave
Standard status
Active
APN
181321-44483
Size
2,200 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3133
Utilities
Heating system
Electric (Heating)
Water source
Public
Amenities
in-unit laundry
underground sprinkler system
Building Details
Year built
2002
Number of units
2
Building materials
Frame
Roof type
Composition
Listing Agency:
Keller Williams Yakima Valley · Keller Williams Realty
(509) 966-1020
Listed By:
Russ Roberts,
(509) 594-7989
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 23 at 2:06AM
MLS# 26-3230
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.
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Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex was built in 2002 and renovated in 2024. Each of its two units has three bedrooms and one bathroom, along with a shaker-style kitchen, quartz countertops, LVP flooring, a double-vanity bathroom, and in-unit laundry. The property occupies a 7,405-square-foot lot and has R-2 zoning.
Tenants cover utilities and take care of snow removal and landscaping. An underground sprinkler system serves the grounds.
Tenants cover utilities and take care of snow removal and landscaping. An underground sprinkler system serves the grounds.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 2,200 square feet of building area on a 7,405‑square‑foot lot
- Built in 2002; renovated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,701
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,020
$494.0K
Cap Rate 7%
$352,871
$352.9K
Cap Rate 9%
$274,456
$274.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$37.8K $17.16/SF
− Vacancy
−$2.5K −$1.12/SF
EGI
$35.3K $16.04/SF
− OpEx
−$10.6K −$4.81/SF
NOI
$24.7K $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 Rate 5%
$494,020
Cap Rate 7%
$352,871
Cap Rate 9%
$274,456
Alternative Uses
Best Use
Multifamily LT 5
$352.9K
$308.8K – $411.7K
NOI $24,701 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$307.2K
$268.8K – $358.4K
NOI $21,501 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$446.8K
$390.9K – $521.2K
NOI $31,274 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 98908, WA
38,205
Population
15,496
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
105.7 sq mi
ZIP Area
361
Density / Sq Mi
$80,266
Median Household Income
$43,789
Median Earnings
$1,302
Median Rent
$356,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, one bathroom, and private laundry facilities.
Where is this duplex located?
The property is located at 422 S 49th Ave Yakima, WA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 2,200 square feet of building area on a 7,405‑square‑foot lot; Built in 2002; renovated in 2024
