70 NE Rose St College Place, WA 99324
For Sale
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INVESTMENT OFFERING: 70 NE Rose St — College Place, WA Stabilized 2-unit residential income property | $40,800 gross annual income | 9,431 SF lot with development upside Spinoza Real Estate presents a turnkey duplex investment in College Place, WA, situated in the Walla Walla Valley submarket. The property comprises two fully leased units — a 4-bedroom, 2-bath upper unit and a 3-bedroom, 1-bath lower unit — generating combined gross rents of $3,400/month ($40,800 annually). INVESTMENT HIGHLIGHTS — Gross Annual Income: $40,800 — Estimated NOI: ~$25,600 (buyer to verify against actual operating history) — Lot Size: 9,431 SF — above-average parcel size for the submarket with room for potential expansion or accessory structure (buyer to verify zoning and density allowance with City of College Place Planning) — Building: 2,904 SF | 7 total bedrooms, 3 total baths across two units | Built 1938, updated interiors — Stable rental history with both units currently occupied — Located minutes from Walla Walla University, downtown College Place, and core Walla Walla Valley employment and retail corridors MARKET CONTEXT College Place sits within the broader Walla Walla Valley investment market, offering investors a lower-cost-basis alternative to coastal Washington multifamily with comparable rent growth fundamentals. This asset suits 1031 exchange buyers seeking a manageable, income-producing replacement property, as well as local and regional investors building or scaling a small multifamily portfolio. Offered at $459,000. Contact listing broker for rent roll, expense detail, and showing instructions. T.J. Espinoza, Managing Broker | Spinoza Real Estate | College Place, WA | www.spinozare.com
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