NOT LISTED FOR SALE

302 S 8th Ave Yakima, WA 98902

East Yakima Neighborhood
4 Beds
4 Baths
2,971 Sq Ft
6,970 Sq Ft Lot

Last Sold August 12, 2024

Last sale price $521,000 $175 Per Sq Ft

8 Days on Market

Highlights

  • Baseboard Heating
  • Wood Siding
  • 5-minute walk to Indoor Pool at Lions Park

About This Home

As of August 2024

This OFFERING is for the opportunity to purchase a well-positioned five-unit apartment building and single-family home on a one tax parcel in Central Yakima. The financials are strong, delivering a stable in-place cap rate of 9.17% and a 7.40 GRM. All Tenants have been in place long-term.Situated on a corner lot with five on-site parking spaces and in close proximity to Downtown Yakima, this deal presents a prime opportunity for an investor to purchase a well performing apartment property and single-family residence on R3 zoned land for sub-$500k.This investment delivers a solid ROI in a short amount of time. If cashed-out, this property will pay for itself in 7 years based on current income stream.

Last Agent to Sell the Property

Nick Mayer

Almon Commercial-Residential Real Estate License #90998 Listed on: 05/14/2024

Last Buyer's Agent

David Young

eXp Realty LLC Seattle License #140000

eXp Realty LLC Seattle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,990

Year Built

  • Built in 1925

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • Composition Roof
  • Wood Siding
  • Block Exterior

Utilities

  • Heating System Mounted To A Wall or Window
  • Baseboard Heating

Community Details

  • 6 Units
  • 2,971 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 181324-43477

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,990

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Estimated Lot Size: 0.16
  • Directions: West on Yakima Ave.Left on S. 8th Ave. for three blocks.Building is in right.
  • Listing Member Name: Nicholas R Mayer
  • Listing Office Short Id: 45
  • Open House Office I D: 20060414233710999322000000
  • Prop. Type: Rental Income
  • Selling Member Short Id: DYoun
  • Selling Office Short Id: ERealS
  • Spec Tax Designation: None
  • Property Sub Type: Apartment
  • Year Built: 1925
  • Construction Style: Block
  • Gross Mo Income: 5805.00
  • Rental Amenities: Laundry
  • Total Approx Bldg S F: 2971.00
  • Unit A Estimated Sq Ft: 359
  • Unit A Monthly Rent: 825.00
  • Unit A Number Bathrooms: 1.00
  • Unit A Number of Units: 1
  • Unit B Estimated Sq Ft: 359
  • Unit B Monthly Rent: 895.00
  • Unit B Number of Bathrooms: 1.00
  • Unit B Number of Bedrooms: 1
  • Unit B Number of Units: 1
  • Unit C Estimated Sq Ft: 540
  • Unit C Monthly Rent: 880.00
  • Unit C Number of Bathrooms: 1.00
  • Unit C Number of Bedrooms: 1
  • Unit C Number of Units: 3
  • Unit D Monthly Rent: 1400.00
  • Unit D Estimated Sq Ft: 704
  • Unit D Bathrooms: 1.00
  • Unit D Bedrooms: 2
  • Unit D Number Units: 1
  • Special Features: None

Exterior Features

  • Roof: Composition
  • Exterior Construction: Wood

Garage/Parking

  • Garage Capacity: 1

Utilities

  • Sewer: Connected
  • Domestic Water: Public Water
  • Heating: Baseboard, Electric, Wall

Condo/Co-op/Association

  • Number of Units: 6.00

Fee Information

  • Taxes: 1990.00

Lot Info

  • Parcel #: 181324-43477
  • Zoning: R3 - Multi Fam Res

Tax Info

  • Year: 2024

Range of Values:

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Average Value
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List Price
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
08/12/2024 08/12/24 Sold $521,000 +5.3% $175 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
05/14/2024 05/14/24 For Sale $495,000 -- $167 / Sq Ft
Source: MLS Of Yakima Association Of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nick Mayer

    Seller's Agent in 2024

    Nick Mayer

    Almon Commercial-Residential Real Estate

    (509) 480-0733

    6 in this area

    46 Total Sales

    Nick Mayer
    Section Image
  • David Young

    Buyer's Agent in 2024

    David Young

    eXp Realty LLC Seattle

    (509) 961-8387

    24 in this area

    156 Total Sales

    David Young
    Section Image
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Map

Source: MLS Of Yakima Association Of REALTORS®

MLS Number: 24-1026

MLS Of Yakima Association Of REALTORS®

APN: 181324-43477

Washington Yakima County Yakima 98902 East Yakima

302 S 8th Ave, Yakima, WA

This home is located at 302 S 8th Ave, Yakima, WA 98902 since 14 May 2024. This property was built in 1925. 302 S 8th Ave is a home located in Yakima County with nearby schools including McKinley Elementary School, Franklin Middle School, and Davis 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.

MLS Of Yakima Association Of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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