Victorian-Era
For Sale
$499,000
535 N 6th Avenue, Walla Walla, WA 99362
Four separate residences each have a kitchen, bathroom, and private entrance.
Property Size3,541 SF
Price / SF$140.92
Days on Market30
Property Features for 535 N 6th Avenue
General Information
Standard status
Active
Size
3,541 SF
Property subtype
Multi Family
Building Details
Year Built
1860
Listing Agency:
Williams Team Homes LLC
(509) 525-8326
Listed By:
Claire Engan · License #21030786
(510) 390-1824
Source:
Tendhometeam
Added: Oct 5
Changed: Nov 3
Last Checked: Nov 3 at 8:51AM
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 Williams Team Homes LLC
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.
Built in 1860, this 3,541-square-foot fourplex contains four residences, each with its own kitchen, bathroom, and separate entrance. Victorian-era architecture and vinyl windows characterize the building. The property includes a fenced yard with underground sprinklers and a detached two-car garage, attached carport, driveway parking, and alley parking.
Work completed since 2022 includes a partial remodel of the lower residence, a new egress window, new exterior doors for the upper residences and upper-level entrance, sprinkler system repairs, and reroofing of first-story roof areas, including the carport entrance areas. Plumbing was also modified to add washer and dryer hookups in the lower residence.
The property is near downtown and close to amenities, restaurants, and shopping. Whitman College is a short drive away.
Work completed since 2022 includes a partial remodel of the lower residence, a new egress window, new exterior doors for the upper residences and upper-level entrance, sprinkler system repairs, and reroofing of first-story roof areas, including the carport entrance areas. Plumbing was also modified to add washer and dryer hookups in the lower residence.
The property is near downtown and close to amenities, restaurants, and shopping. Whitman College is a short drive away.
Key Highlights
- Four residences, each with a kitchen, bathroom, and separate entrance
- 3,541 square feet; built in 1860
- Detached 2‑car garage, attached carport, driveway parking, and alley parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,900
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,000
$578.0K
Cap Rate 7%
$412,857
$412.9K
Cap Rate 9%
$321,111
$321.1K
Market Conditions
NOI Build-Up for 3,541 SF
Gross rent
$42.9K $12.12/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$41.3K $11.66/SF
− OpEx
−$12.4K −$3.50/SF
NOI
$28.9K $8.16/SF
Area
Walla Walla County, WA
Vacancy
3.80%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,000
Cap Rate 7%
$412,857
Cap Rate 9%
$321,111
Alternative Uses
Best Use
Multifamily LT 5
$412.9K
$361.3K – $481.7K
NOI $28,900 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$360.6K
$315.5K – $420.7K
NOI $25,240 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$833.3K
$729.2K – $972.2K
NOI $58,333 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,402
Businesses Nearby
Explore this area
Business Placement
Demographics for 99362, WA
43,249
Population
18,022
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
90%
High-School Grad
303.1 sq mi
ZIP Area
143
Density / Sq Mi
$70,660
Median Household Income
$37,236
Median Earnings
$1,148
Median Rent
$398,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences each have a kitchen, bathroom, and private entrance.
Where is this quadplex located?
The property is located at 535 N 6th Avenue Walla Walla, WA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four residences, each with a kitchen, bathroom, and separate entrance; 3,541 square feet; built in 1860; Detached 2‑car garage, attached carport, driveway parking, and alley parking
