Remodeled Apartment Building with
For Sale
$1,095,000
741 Boyer, Walla Walla, WA 99362
Flexible multifamily property combining furnished suites, apartments, shared laundry, outdoor amenities, and off-street parking.
Property Size6,761 SF
Price / SF$161.96
Days on Market150
Property Features for 741 Boyer
General Information
Standard status
Active
Size
6,761 SF
Total Parking Spaces
4
Property subtype
Multi-family
Units
Unit Mix
3 x junior suite, 1 x studio, 1 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units
6
Amenities
covered front porch
poolside BBQ area
open patio
shared laundry facilities
Building Details
Year Built
1913
Listing Agency:
Alta Homes
Listed By:
Melissa Tetz
(509) 676-2121
Source:
Century21northhomes
Added: May 18
Changed: Oct 13
Last Checked: Oct 12 at 8:04PM
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 Alta Homes
Investment Insights
Based on property information with market context.
Built in 1913 and remodeled, this 6,761-square-foot apartment building combines preserved hardwood floors and period built-ins with a newer roof, updated electrical and plumbing systems, and modern HVAC. The main level includes expansive living areas, an office or management area, and a private owner's suite. Three furnished junior suites with compact culinary spaces occupy the upper floor, while the lower level contains three separately entered apartments: a studio, a 1bd/1ba, and a 2bd/2ba. Shared laundry serves the lower-level units.
Outdoor features include a covered front porch, a poolside BBQ area, and an open patio. Four off-street parking spaces are provided, with readiness for one EV. The property is located at 741 Boyer in Walla Walla, Washington, within blocks of Whitman College and the downtown district. Furnished month-to-month junior suites and traditional apartment leasing are both described as operating components of the property.
Outdoor features include a covered front porch, a poolside BBQ area, and an open patio. Four off-street parking spaces are provided, with readiness for one EV. The property is located at 741 Boyer in Walla Walla, Washington, within blocks of Whitman College and the downtown district. Furnished month-to-month junior suites and traditional apartment leasing are both described as operating components of the property.
Key Highlights
- 6,761‑square‑foot apartment building built in 1913
- Three furnished junior suites with compact culinary spaces
- Three lower‑level apartments: studio, 1bd/1ba, and 2bd/2ba
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,192
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,840
$963.8K
Cap Rate 7%
$688,457
$688.5K
Cap Rate 9%
$535,467
$535.5K
Market Conditions
NOI Build-Up for 6,761 SF
Gross rent
$91.3K $13.50/SF
− Vacancy
−$3.7K −$0.54/SF
EGI
$87.6K $12.96/SF
− OpEx
−$39.4K −$5.83/SF
NOI
$48.2K $7.13/SF
Area
Walla Walla County, WA
Vacancy
4.00%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,840
Cap Rate 7%
$688,457
Cap Rate 9%
$535,467
Alternative Uses
Best Use
Apartment 5plus
$688.5K
$602.4K – $803.2K
NOI $48,192 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,378 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 99362, WA
43,249
Population
18,022
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
90%
High-School Grad
303.1 sq mi
ZIP Area
143
Density / Sq Mi
$70,660
Median Household Income
$37,236
Median Earnings
$1,148
Median Rent
$398,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Flexible multifamily property combining furnished suites, apartments, shared laundry, outdoor amenities, and off-street parking.
Where is this apartment building located?
The property is located at 741 Boyer Walla Walla, WA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 6,761‑square‑foot apartment building built in 1913; Three furnished junior suites with compact culinary spaces; Three lower‑level apartments: studio, 1bd/1ba, and 2bd/2ba
