Residential Income
6146 Waldrick Road Southeast Tenino, WA 98589
For Sale
Contact for pricing
For-sale residential income multifamily property at 6146 Waldrick Road Southeast in Tenino, WA.
Property Size4,808 SF
Price / SF$199.46
Days on Market52
Property Features for 6146 Waldrick Road Southeast
General Information
- Standard status
- Active
- Size
- 4,808 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2011
Listing Agency:
Realty One Group Bold
Listed By:
Donna Weaver · License #WA, 27418
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 23 at 4:04AM
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 Realty One Group Bold
Investment Insights
Based on property information with market context.
This listing is a residential income multifamily property being offered for sale. It falls within the “other multifamily properties” category, providing a housing-focused investment opportunity consistent with multifamily ownership and operation.
The property is located at 6146 Waldrick Road Southeast in Tenino, Washington. The offering is presented as a for-sale transaction, giving qualified buyers the option to evaluate the asset for residential income use within the local market context of Tenino.
For tenants and operators, the key consideration is that this is a multifamily housing asset rather than a single-tenant commercial building. For buyers, it’s a straightforward residential income property to underwrite based on the existing multifamily configuration and associated ownership requirements. If you’re evaluating this offering, the next step is to review the property details and determine how it fits your acquisition strategy for residential income multifamily assets, including your plans for management, occupancy approach, and operational oversight.
The property is located at 6146 Waldrick Road Southeast in Tenino, Washington. The offering is presented as a for-sale transaction, giving qualified buyers the option to evaluate the asset for residential income use within the local market context of Tenino.
For tenants and operators, the key consideration is that this is a multifamily housing asset rather than a single-tenant commercial building. For buyers, it’s a straightforward residential income property to underwrite based on the existing multifamily configuration and associated ownership requirements. If you’re evaluating this offering, the next step is to review the property details and determine how it fits your acquisition strategy for residential income multifamily assets, including your plans for management, occupancy approach, and operational oversight.
Key Highlights
- Residential income multifamily property for sale at 6146 Waldrick Road Southeast in Tenino, WA
- Built in 2011
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.4k | $24.00 |
| − Vacancy | −$5.8k | −$1.20 |
| EGI | $109.6k | $22.80 |
| − OpEx | −$49.3k | −$10.26 |
| NOI | $60.3k | $12.54 |
4,808 SF · lease $24.00/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$861.3K
$753.7K – $1.00M
NOI $60,292 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,545 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sabrina's 24 hour ...
Kennel & Boarding Facility
FAQs
What type of property is this?
Multifamily property - For-sale residential income multifamily property at 6146 Waldrick Road Southeast in Tenino, WA.
Where is this multifamily property located?
The property is located at 6146 Waldrick Road Southeast Tenino, WA.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Residential income multifamily property for sale at 6146 Waldrick Road Southeast in Tenino, WA; Built in 2011
