Updated Four-Unit Residential
705 E Lincoln Ave, Yakima, WA 98901
For Sale
$369,000
Residential Income, Yakima, WA
Property Size2,477 SF
Lot Size0.15 Acres
Price / SF$148.97
Days on Market192
Property Features for 705 E Lincoln Ave
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Coldwell Banker Cascade Real Estate · Coldwell Banker Real Estate
(509) 248-5050
Listed By:
Mariana Cuevas · License #93402
(509) 930-5882
Added: May 1
Changed: Oct 30
Last Checked: Nov 8 at 3:06PM
MLS# 26-1247
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 four-unit residential property contains 2,477 square feet on a 0.15-acre lot. The unit mix comprises three one-bedroom, one-bath apartments and one two-bedroom, one-bath apartment. Interior work completed over the past year includes remodeled spaces, new flooring, fresh paint, and bathroom upgrades in multiple units; exterior and roof improvements were also made.
All apartments are occupied and served by public utilities. Each has a separate power meter and its own water heater. The property was built in 1925, has frame construction and a composition roof, and uses electric baseboard heat. Four ranges and four refrigerators are included.
All apartments are occupied and served by public utilities. Each has a separate power meter and its own water heater. The property was built in 1925, has frame construction and a composition roof, and uses electric baseboard heat. Four ranges and four refrigerators are included.
Key Highlights
- Four occupied apartments: three 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- 2,477 square feet on a 0.15‑acre lot
- Power separately metered and an individual water heater in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,811
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,220
$556.2K
Cap Rate 7%
$397,300
$397.3K
Cap Rate 9%
$309,011
$309.0K
Market Conditions
NOI Build-Up for 2,477 SF
Gross rent
$42.5K $17.16/SF
− Vacancy
−$2.8K −$1.12/SF
EGI
$39.7K $16.04/SF
− OpEx
−$11.9K −$4.81/SF
NOI
$27.8K $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%
$556,220
Cap Rate 7%
$397,300
Cap Rate 9%
$309,011
Alternative Uses
Best Use
Multifamily LT 5
$397.3K
$347.6K – $463.5K
NOI $27,811 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$345.8K
$302.6K – $403.5K
NOI $24,208 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$503.0K
$440.1K – $586.9K
NOI $35,211 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,155
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied apartments include separately metered power and individual water heaters.
Where is this quadplex located?
The property is located at 705 E Lincoln Ave Yakima, WA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Four occupied apartments: three 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; 2,477 square feet on a 0.15‑acre lot; Power separately metered and an individual water heater in each unit
