17809 120th Avenue SE, Yelm, WA 98597
- $825,000
- 6,052
- SqFt
Listing courtesy of RE/MAX Country.
- List Price
- $825,000
- Status
- ACTIVE
- MLS#
- 2519652
- Days on Market
- 68
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,052
- Area Total SqFt
- 6052
- Annual Tax Ammount
- 4719
- Lot Size (sq ft)
- 192,971
- Sewer
- Septic Tank
Property Description
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.
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Additional Information
- List Date
- 2026-05-19 19:34:13
- Community
- Vail
- Net Operating Income
- $51,000
- Gross Adjusted Income
- $128,000
- Gross Scheduled Income
- $50,644
- Total Monthly Income
- $4,415
- Insurance Expenses
- $6,859
- Water/Sewer/Garbage Expenses
- $2,289
- Gross Rent Multiplier
- 16.18
- Total Expenses
- $15,736
- Cap Rate
- 6.2
- Total Number of Units
- 7
- Unit Name
- 17809
- Potential Terms
- Cash, Conventional
- Year Built
- 1962
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, High Speed Internet, Outbuildings, RV Parking
- Electric Expenses
- 415
- Other Expenses
- 1452
- Energy Source
- Electric
- School District
- Yelm
- Elementary School
- Fort Stevens Elem
- Middle School
- Yelm Mid
- High School
- Yelm High12
- Total Monthly Income
- $4,415
- Gross Scheduled Income
- $50,644
- Gross Adjusted Income
- $128,000
- Tax Year
- 2026
- Insurance Expense
- $6,859
- W/S/G Expenses
- $2,289
- Total Expenses
- $15,736
- Net Operating Income
- $51,000
- Gross Rent Multiplier
- 16.18
- Cap Rate
- 6.2
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.