Single-Story Fourplex
705 N 1st St Yakima, WA 98901
705 N 1st St, Yakima, WA, 98901
$365,000
For Sale
$365,000
MULTI_FAMILY - Yakima, WA
Property Size2,610 SF
Lot Size0.16 Acres
Price / SF$139.85
Days on Market133
Property Features for 705 N 1st St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 1
- Standard status
- Active
- APN
- 181313-41465
- Size
- 2,610 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2528
Utilities
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1950
- Number of units
- 4
- Roof type
- Metal
Listing agency
Keller Williams Yakima Valley
(509) 966-1020
Listed by
Amy Maib
(509) 949-2192
Added: Mar 12 Updated: Jul 22 at 2:21AM Checked: Jul 22 at 5:06PM
MLS# 26-650
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.
Investment Insights
Based on property information with market context.
This single-story fourplex was originally built in 1950 with an effective year built of 1973. The property is described as having good overall condition and includes a durable metal roof, poured concrete foundation, and low-maintenance wood exterior that has been updated over time.
The building is located in a residential neighborhood in Yakima and is served by the Yakima School District, with nearby schools including Barge-Lincoln Elementary, Washington Middle School, and Davis High School. The listing notes sewer is connected and that there are no leased items transferring, and it also states there is no HOA or common-interest community restrictions.
The residential zoning is described as supporting long-term rental demand and offering flexibility for investors looking to expand or stabilize a portfolio.
The building is located in a residential neighborhood in Yakima and is served by the Yakima School District, with nearby schools including Barge-Lincoln Elementary, Washington Middle School, and Davis High School. The listing notes sewer is connected and that there are no leased items transferring, and it also states there is no HOA or common-interest community restrictions.
The residential zoning is described as supporting long-term rental demand and offering flexibility for investors looking to expand or stabilize a portfolio.
Key Highlights
- 1950 four‑plex with a single‑story layout and 4 separate units for long‑term tenant stability
- Durable metal roof and poured concrete foundation
- 6,970 sq ft lot with low‑maintenance wood exterior
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 | $44.8k | $17.16 |
| − Vacancy | −$2.9k | −$1.12 |
| EGI | $41.9k | $16.04 |
| − OpEx | −$12.6k | −$4.81 |
| NOI | $29.3k | $11.23 |
2,610 SF · lease $17.16/SF/yr · vacancy 6.53% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$418.6K
$366.3K – $488.4K
NOI $29,304 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$364.4K
$318.9K – $425.1K
NOI $25,508 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$530.0K
$463.8K – $618.4K
NOI $37,102 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Single-story fourplex on a 6,970 sq ft lot with a metal roof, concrete foundation, and updated exterior over time.
Where is this quadplex located?
The property is located at 705 N 1st St Yakima, WA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1950 four‑plex with a single‑story layout and 4 separate units for long‑term tenant stability; Durable metal roof and poured concrete foundation; 6,970 sq ft lot with low‑maintenance wood exterior
