Single-Level Yakima 4-Plex
706 North 15th Avenue Yakima, WA 98902
706 North 15th Avenue, Yakima, WA, 98902
$425,000
For Sale
$425,000
Four-unit multifamily property in Yakima, fully occupied, investment opportunity.
Property Size2,176 SF
Price / SF$195.31
Days on Market68
Property Features for 706 North 15th Avenue
General Information
- Standard status
- Active
- Size
- 2,176 SF
- Property subtype
- Multi Family / Fourplex
Building Details
- Year Built
- 1994
Listing Agency
John L Scott Yakima
(509) 952-7788
Listed by
Chris Thorn · License #139157
(509) 952-7788
Source
Compass
Added: May 10 Checked: Jul 15 at 10:03 pm
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 John L Scott Yakima
Investment Insights
Based on property information with market context.
This single-level 4-plex in Yakima presents an investment opportunity with strong rental appeal. The property features four units, all on one level, each containing one bedroom and one bathroom. Each unit includes a parking space. The property has a solid rental history and is currently 100% occupied. The property size is 2176 square feet. The current gross monthly rental income is $2,972 when fully rented. Tenants are responsible for paying electricity.
Key Highlights
- Strong income potential with a gross monthly rental income of $2,972 when fully rented.
- Enjoy immediate cash flow with 100% occupancy.
- Single‑level units offer accessibility and convenience.
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 | $37.3k | $17.16 |
| − Vacancy | −$2.4k | −$1.12 |
| EGI | $34.9k | $16.04 |
| − OpEx | −$10.5k | −$4.81 |
| NOI | $24.4k | $11.23 |
2,176 SF · lease $17.16/SF/yr · vacancy 6.53% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.0K
$305.4K – $407.2K
NOI $24,431 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$303.8K
$265.8K – $354.4K
NOI $21,266 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$441.9K
$386.7K – $515.6K
NOI $30,933 @ 7.0% cap · market cap 7.28%
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 - Four-unit multifamily property in Yakima, fully occupied, investment opportunity.
Where is this quadplex located?
The property is located at 706 North 15th Avenue Yakima, WA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Strong income potential with a gross monthly rental income of $2,972 when fully rented.; Enjoy immediate cash flow with 100% occupancy.; Single‑level units offer accessibility and convenience.
