Movoto Real Estate
Sold on 07/17/2024
  • Exterior
  • Living
  • Kitchen
  • Bath
  • Other
  • Bedroom

724 W Ruby St, Pasco, WA 99301

  • $1,483,123

    Last sold 07/17/2024 for $1.14M

  • bed

  • bath

  • 7,392

    Sqft ($154/Sqft)

House not for sale
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About 724 W Ruby St

Property type House
Neighborhood
Year built 1977
HOA fee $0/month
Lot size 0.37 Acre
Movoto estimate
Property description
WORKFORCE LOCATION: Ideal workforce location in Pasco near Amazon Distribution Facilities, Darigold, and others. Property and neighborhood has sustained demand for Ruby8 with minimal vacancy for the past few years. VALUE-ADD POTENTIAL: Two units have been fully renovated and another two units partially renovated, proving market rents and property upside. NEIGHBORHOOD IMPROVEMENT: Tri-Cities Health acquired the property across the street with plans to convert it to additional parking, which will immediately improve the neighborhood and block. FLEXIBLE EXIT STRATEGY: Opportunity to split the two 4-plexes for acquisition and sales, capturing upside of residential financing and deep buyer pool for 4-unit investors.
Listed by
Listing Agent - Mason Fiascone
Listing Office - The Paragon Group
Source: NWMLS mls logo
MLS#2213101 • last updated 1 year ago
Movoto checked NWMLS for data 13 minutes ago
Overview
Cooling/AC Ductless HP-Mini Split
Heating Ductless HP-Mini Split
Levels/Style Multi Family
MLS # 2213101
SubType Multi-Family
Type Residential Income
SqFt 7392
Status Sold
Lot Size (SqFt) 16148
Lot Size (Acres) 0.3707
Property Tax 7467
Buying Office ZNonMember-Office-MLS
Year Built 1977
Buying Office Phone 425-820-9200
Condition Good
Interior
Flooring Laminate
Interior Features Laminate
Exterior
Foundation Slab
Roof Metal
# Open Parking Spaces 16
# Parking Spaces 16
# Uncovered Spaces 16
Amenities / Utilities
Sewer/ Septic Sewer Connected
Water Public
Power Production: Type Electric
HOA Amenities See Remarks
Location
County Franklin
Subdivision Pasco
Area 245 - Franklin County
Elementary School Buyer To Verify
Middle School Buyer To Verify
High School District Pasco
High School Buyer To Verify
APN 113394211
Zoning Multi-Family, Residential
Multifamily Details
Net Operating Income 65787
Capitalization Rate 5.72
Expense: Insurance 4791
Expense: Electricity 1565
Gross Scheduled Income 92120
Expense: Other 1287
Gross Adjusted Income 92120
Total Expenses 26334
Gross Rent Multiplier 12.48
Nwm_Totalmonthlyincome 8915
$1.48M
Range: $1.33M-$1.63M
Last 30 days 
Rental est.: $892/month
Gross rent multiplier: 107.5
Powered By Movoto
  • Apr 2024
    mls logo MLS # 2213124
  • Apr 16, 2024 Pending
  • Mar 29, 2024 Active
  • Mar 20, 2024 Listed
    $575,000 (-50.0%)
  • Mar 2024
    mls logo MLS # 2213101
  • Mar 29, 2024 Pending
  • Mar 29, 2024 Active
  • Mar 20, 2024 Listed
    $1,150,000
  • 724 W Ruby St
    $1.14M
  • 245 - Franklin County
  • 99301
    $465K -7% y/y
  • Pasco
    $465K -7% y/y
No chart available
Statistics calculated by Movoto

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3/10
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Source: GreatSchools.org © 2026. All rights reserved.

Around 245 - Franklin County

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  • 724 W Ruby St
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