Rented Two-Unit
For Sale
$339,000
716 Frey Rd NW, Ephrata, WA 98823
Built in 1995 with individual garages and additional parking.
Property Size1,512 SF
Price / SF$224.21
Days on Market97
Property Features for 716 Frey Rd NW
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Multi-Family
Building Details
Year Built
1995
Listed By:
Nick McLean Real Estate Group
(509) 670-5532
Source:
Nickmcleanrealestate
Added: Jul 10
Changed: Oct 14
Last Checked: Oct 12 at 8:14PM
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 Nick McLean Real Estate Group
Investment Insights
Based on property information with market context.
This duplex contains 1,512 square feet and was built in 1995. Each side offers two bedrooms, one bathroom, and a single-car garage, with additional parking available on the property. Both units are currently rented.
The property is located across from Ephrata High School in Ephrata, Washington. A second contiguous duplex is also available for purchase, providing an option to acquire an adjoining property.
The property is located across from Ephrata High School in Ephrata, Washington. A second contiguous duplex is also available for purchase, providing an option to acquire an adjoining property.
Key Highlights
- Both units are currently rented
- 1,512‑square‑foot duplex built in 1995
- Each unit includes 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,239
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,780
$264.8K
Cap Rate 7%
$189,129
$189.1K
Cap Rate 9%
$147,100
$147.1K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$20.7K $13.67/SF
− Vacancy
−$1.8K −$1.16/SF
EGI
$18.9K $12.51/SF
− OpEx
−$5.7K −$3.75/SF
NOI
$13.2K $8.76/SF
Area
Grant County, WA
Vacancy
8.50%
Lease Rate
$13.67 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,780
Cap Rate 7%
$189,129
Cap Rate 9%
$147,100
Alternative Uses
Best Use
Multifamily LT 5
$189.1K
$165.5K – $220.7K
NOI $13,239 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$181.7K
$159.0K – $212.0K
NOI $12,717 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$328.5K
$287.4K – $383.2K
NOI $22,992 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 98823, WA
12,393
Population
4,646
Households
2.7
Avg Household Size
35
Median Age
17%
College-Educated
90%
High-School Grad
298.2 sq mi
ZIP Area
42
Density / Sq Mi
$77,361
Median Household Income
$46,929
Median Earnings
$956
Median Rent
$256,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 1995 with individual garages and additional parking.
Where is this duplex located?
The property is located at 716 Frey Rd NW Ephrata, WA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Both units are currently rented; 1,512‑square‑foot duplex built in 1995; Each unit includes 2 bedrooms and 1 bath
