Property Details
1900 -1902 N Regal Street
Ellensburg, WA 98926
$419,900
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Property Overview
Excellent investment opportunity near Central Washington University! This well-maintained duplex generates $2,500 per month in gross rental income and offers a proven history of consistent occupancy with low tenant turnover. Each unit features 2 bedrooms, 1 bathroom, in-unit laundry, a single-car garage, and a large private yard space that has been a major draw for tenants.Tenants pay all utilities and are responsible for yard maintenance, helping keep operating expenses low. Recent improvements include a new water line for Unit 1902 (2025), roof overlay, and new flooring and carpet in Unit 1900. Located in a neighborhood comprised primarily of duplex properties and bordered by Mercer Creek. Current flood insurance premium is approximately $410 per year.With stable cash flow already in place, this property presents an attractive opportunity for investors seeking value-add potential through future rent increases, cosmetic improvements, and possible reconfiguration of existing garage space, subject to buyer verification and applicable regulations. A solid income-producing asset with desirable tenant amenities, strong rental history, and potential for future appreciation and income growth.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Kittitas
Neighborhood
18th/Ellensburg
Listed
Jun 19, 2026
Structure Type
Duplex
Parcel Number
677136
Tax & HOA
Annual Property Tax
$3,614 (2026)
Est. Monthly Tax
$301/mo
Financial Summary
Cap Rate
5.90%
Net Operating Income
$24,875
Gross Scheduled Income
$30,000
Gross Rent Multiplier
16.80
Total Expenses
$5,124
Building & Use
Building Sq Ft
1,622
Leasable Area
2,022 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
7,841 sqft
Year Built
1988
Exterior & Lot
Lot Size
0.18 sqft
Year Built
1988
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood, Wood Products
Community & Access
Directions
From Main and University Wy head east on University Way to Wildcat way head north on Wildcat way to 18th turn Left (west) on 18th to Regal St and turn North. Property on right hand side of road.
Location
City
Ellensburg
County
Kittitas
Coordinates
47.01168, -120.54523
Additional Information
Tax Year
2026
Annual Taxes
$3,614
Possession
Array
Based on information submitted to the MLS GRID as of June 23, 2026 7:34 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
