Turnkey Fourplex Rental
705 East Lincoln Avenue Yakima, WA 98901
705 East Lincoln Avenue, Yakima, WA, 98901
$379,000
For Sale
$379,000
Fully occupied fourplex with three 1-bedroom units and one 2-bedroom unit, each separately metered for power.
Property Size2,477 SF
Price / SF$153.01
Days on Market89
Property Features for 705 East Lincoln Avenue
General Information
- Standard status
- Active
- Size
- 2,477 SF
- Property subtype
- Multi Family / Fourplex
Building Details
- Year Built
- 1925
Listing agency
Coldwell Banker Cascade Real Estate
(509) 930-5882
Listed by
Mariana Cuevas · License #93402
(509) 930-5882
Source
Compass
Added: Apr 25 Updated: Jul 20 at 5:08PM Checked: Jul 21 at 6:05AM
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 Coldwell Banker Cascade Real Estate
Investment Insights
Based on property information with market context.
Turnkey fourplex with all four units currently occupied and on public utilities. The property includes three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, offering a diversified unit mix within a single building. Each unit is separately metered for power and has its own water heater.
Recent improvements include remodeled interiors with updated flooring, fresh paint, and improved bathrooms in multiple units. Exterior and roofing improvements have also been completed.
Located near freeway access and everyday conveniences, the property is positioned close to shopping, dining, local markets, and community amenities, including a nearby water park.
Recent improvements include remodeled interiors with updated flooring, fresh paint, and improved bathrooms in multiple units. Exterior and roofing improvements have also been completed.
Located near freeway access and everyday conveniences, the property is positioned close to shopping, dining, local markets, and community amenities, including a nearby water park.
Key Highlights
- Fully occupied fourplex with 3 one‑bedroom, 1‑bath units and 1 two‑bedroom, 1‑bath unit
- Each unit is separately metered for power and has its own water heater
- Gross monthly income is $3,300
Local Financial Insights For Multifamily LT 5
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 | $42.5k | $17.16 |
| − Vacancy | −$2.8k | −$1.12 |
| EGI | $39.7k | $16.04 |
| − OpEx | −$11.9k | −$4.81 |
| NOI | $27.8k | $11.23 |
2,477 SF · lease $17.16/SF/yr · vacancy 6.53% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$397.3K
$347.6K – $463.5K
NOI $27,811 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$345.8K
$302.6K – $403.5K
NOI $24,208 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$503.0K
$440.1K – $586.9K
NOI $35,211 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully occupied fourplex with three 1-bedroom units and one 2-bedroom unit, each separately metered for power.
Where is this quadplex located?
The property is located at 705 East Lincoln Avenue Yakima, WA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Fully occupied fourplex with 3 one‑bedroom, 1‑bath units and 1 two‑bedroom, 1‑bath unit; Each unit is separately metered for power and has its own water heater; Gross monthly income is $3,300
