NOT LISTED FOR SALE

1307 1315 Sprague St NW Yelm, WA 98597

-- Bed
-- Bath
-- Sq Ft
1.46 Acres

Last Sold September 07, 2018

Last sale price $1,045,000

78 Days on Market

About This Home

As of September 2018

The Yelm duplexes consist of 5 separately parceled buildings being sold together for a total of 10 units. This property makes a great value-add investment due to its large unit sizes and strong occupancy rate, units have been 100 percent occupied for over the last ten years. An investor can add value by increasing the rents to market and billing back for utilities. Current rents are about $.72 per square foot per month and market rents are $1.10.

Last Agent to Sell the Property

William Stegeman

Designed Realty License #27401 Listed on: 01/30/2018

Last Buyer's Agent

William Stegeman

Designed Realty License #27401 Listed on: 01/30/2018

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1239602

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,830

Year Built

  • Built in 1970

Lot Details

  • 1.46

Home Design

  • Composition Roof
  • Wood Siding

Parking

  • 20 Parking Spaces
  • 10 Covered Spaces
  • Open Parking

Utilities

  • Septic Tank
  • Septic System

Additional Features

  • 1-Story Property
  • 1.46 Acre Lot

Community Details

  • Yelm Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7530000100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,830

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1970
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 356

Interior Features

  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 10
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 20
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Septic Tank
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • WaterSewerGarbage: 5000

Schools

  • Junior High Dist: Yelm

Lot Info

  • Parcel Number: 7530000100
  • Lot Size Acres: 1.4588
  • Lot Size Sq Ft: 63547
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 8150

Multi Family

  • Gross Scheduled Income: 97800
  • Net Operating Income: 63540
  • Number Of Units Total: 10
  • Electric Expense: 2200
  • Insurance Expense: 2500
  • Leasable Area: 8000
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 8830

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2018 09/07/18 Sold $1,045,000 -12.9% --
04/19/2018 04/19/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $1,200,000 0.0% --
02/19/2018 02/19/18 Pending -- -- --
01/30/2018 01/30/18 For Sale $1,200,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2018

    William Stegeman

    Designed Realty

    (253) 460-8640

    5 Total Sales

    William Stegeman
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1239602

Northwest Multiple Listing Service (NWMLS)

Washington Thurston County Yelm 98597

1307 1315 Sprague St NW, Yelm, WA

This home is located at 1307 1315 Sprague St NW, Yelm, WA 98597 since 30 January 2018. This property was built in 1970. 1307 1315 Sprague St NW is a home located in Thurston County with nearby schools including Southworth Elementary School, Yelm Middle School, and Yelm High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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