$515,000
SOLD OCT 4, 2024

612 Laurel St Yakima, WA 98902

East Yakima Neighborhood
-- Bed
-- Bath
4,831 Sq Ft
0.27 Acres

Recently Sold

$107 Per Sq Ft

14% Below List Price

5 Days on Market

About This Home

As of October 2024

Great investment Opportunity! Fully leased 8-unit apartment complex with room to raise rents! Property Taxes $3,334, Utilities $7,200, Insurance $2,106, Gross rent $5,075/m, Potentially increased to $5,650/m. Net yearly income based on market rate rent increase after taxes, utilities, and insurance is $55,160 . The property recently underwent renovations to 5 of the 8 units, new landscaping, a new roof, and a $30k main-line plumbing upgrade. It is located on Dead End Street in a quiet neighborhood. Great tenants, all of whom have been there over a year, have no outstanding rents due! Currently managed by Wilson Real Estate Management.

Last Agent to Sell the Property

Paul Fredson

Wilson Real Estate Management LLC License #24015525 Listed on: 09/18/2024

Last Buyer's Agent

Erick Mendoza Chavez

Berkshire Hathaway HomeServices Central Washington Real Estate License #21027962

Berkshire Hathaway HomeServices Central Washington Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,334

Year Built

  • Built in 1971

Home Design

  • Frame Construction
  • Composition Roof
  • Wood Siding

Additional Features

  • 0.27 Acre Lot
  • Baseboard Heating

Community Details

  • 8 Units
  • 4,831 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 181313-31490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,334

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Estimated Lot Size: 0.27
  • Directions: Head North of N 5th Ave, take roundabout onto Fruitvale Blvd heading West. Turn right on N 6th Ave, take the first left on Laurel St. Property is third apartment complex on the left.
  • Listing Member Name: Paul Fredson
  • Listing Office Short Id: WReal
  • Open House Office I D: 20100702154803491192000000
  • Prop. Type: Rental Income
  • Selling Member Short Id: ErMend
  • Selling Office Short Id: 44
  • Spec Tax Designation: None
  • Property Sub Type: Apartment
  • Year Built: 1971
  • Construction Style: Frame
  • Gross Mo Income: 5075.00
  • Total Approx Bldg S F: 4831.00
  • Annual Insurance Expenses: 2106.00
  • Annual Sewer/Garage Expense: 1200.00
  • Annual Water Expenses: 6000.00
  • Unit Information Number Carports: 4
  • Unit Information Number Parking Sp: 16
  • Unit Information Number Ranges: 8
  • Unit Information Number Refrig: 8
  • Special Features: None

Exterior Features

  • Roof: Composition
  • Exterior Construction: Wood

Garage/Parking

  • Garage Capacity: None

Utilities

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

Condo/Co-op/Association

  • Number of Units: 8.00

Fee Information

  • Taxes: 3334.01

Schools

  • School District: Yakima
  • School District: Yakima

Lot Info

  • Parcel #: 181313-31490
  • Zoning: M1 - Light Indus

Tax Info

  • Year: 2024

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
10/04/2024 10/04/24 Sold $515,000 -14.0% $107 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
09/18/2024 09/18/24 For Sale $599,000 -- $124 / Sq Ft
Source: MLS Of Yakima Association Of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Paul Fredson

    Wilson Real Estate Management LLC

    (360) 490-5143

    2 in this area

    4 Total Sales

    Section Image

  • E

    Buyer's Agent in 2024

    Erick Mendoza Chavez

    Berkshire Hathaway HomeServices Central Washington Real Estate

    (509) 941-3774

    14 in this area

    35 Total Sales

    Section Image
See All Agents

Map

Source: MLS Of Yakima Association Of REALTORS®

MLS Number: 24-2238

MLS Of Yakima Association Of REALTORS®

APN: 181313-31490

Washington Yakima County Yakima 98902 East Yakima

612 Laurel St, Yakima, WA

This home is located at 612 Laurel St, Yakima, WA 98902 and is currently priced at $515,000, approximately $106 per square foot. This property was built in 1971. 612 Laurel St is a home located in Yakima County with nearby schools including Garfield Elementary School, Wilson 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.

Nearby Homes