Property Details
17809 120th Avenue SE
Yelm, WA 98597
$825,000
Active
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Property Overview
Attention investors! Incredible opportunity to own a well-established income-producing multi-family property with tremendous upside potential. Situated on nearly 5 usable acres, this unique property features three total residential buildings, including a one 4-plex, one duplex, and a separate 2-bedroom, 1-bath single-family home. With a strong rental history and long-term tenancy in place, this property offers immediate cash flow along with future income-growth opportunities. All units are single-story, a highly desirable feature for tenants that also helps simplify maintenance and long-term management. The expansive acreage provides additional possibilities for future improvements, including the potential to add tenant storage units or other income-producing amenities, subject to buyer verification. Located at the end of a quiet cul-de-sac, the property offers a peaceful and private setting while still being conveniently close to everyday amenities. Just minutes from town and approximately 20 minutes to the East Gate of JBLM, this location is ideal for attracting and retaining tenants seeking both convenience and privacy. Whether you are looking to expand your investment portfolio or secure a property with long-term upside and stable occupancy, this rare multi-family opportunity checks all the boxes.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Vail
Listed
May 19, 2026
Financial Summary
Cap Rate
6.20%
Net Operating Income
$51,000
Gross Scheduled Income
$50,644
Gross Rent Multiplier
16.18
Total Expenses
$15,736
Building & Use
Building Sq Ft
6,052
Leasable Area
6,052 sqft
Total Units
7
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
4.43 acres
Year Built
1962
Exterior & Lot
Lot Size
4.43 sqft
Year Built
1962
Exterior Materials
Wood
Parking
RV Parking
Sewer
Septic Tank
Water Source
Individual Well
Lot Features
Dead End Street, Paved, Secluded
Exterior Features
Wood
Location
City
Yelm
County
Thurston
Coordinates
46.90987, -122.56232
Additional Information
Tax Year
2026
Annual Taxes
$4,719
Possession
Array
