Property Details
705 N 1st Street
Yakima, WA 98901
$385,000
Active
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Property Overview
A welcoming four-plex offering dependable rental appeal, this single-story building sits on a 6,970 sq ft lot in a residential neighborhood served by the Yakima School District. Updated over time, the property reflects good overall condition and features a durable metal roof, poured concrete foundation, and low-maintenance wood exterior. – 4-plex, single-level layout ideal for long-term tenant stability. – Sewer connected, with no leased items transferring. – No HOA or common-interest community restrictions. Positioned near Barge-Lincoln Elementary, Washington Middle School, and Davis High School, the property benefits from proximity to schools, services, and central Yakima amenities. The residential zoning supports long-term rental demand and offers flexibility for investors looking to expand or stabilize their portfolio. Title opened with Valley Title for added convenience
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Yakima
Neighborhood
Yakima
Listed
Mar 2, 2026
Financial Summary
Cap Rate
7.02%
Net Operating Income
$27,057
Gross Scheduled Income
$35,095
Gross Rent Multiplier
10.97
Total Expenses
$2,691
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,610
Leasable Area
2,600 sqft
Total Units
4
Zoning
Residential
Possible Use
Residential
Lot Size
6,970 sqft
Year Built
1950
Exterior & Lot
Lot Size
0.16 sqft
Year Built
1950
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood, Wood Products
Location
City
Yakima
County
Yakima
Coordinates
46.61152, -120.51011
Additional Information
Tax Year
2025
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
