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516 E Pine St, Walla Walla, WA 99362

  • $1,500,000

  • bed

  • bath

  • 8,236

    Sqft ($182/Sqft)

House for sale 17 days
Movoto is helping 8 homebuyers near you

About 516 E Pine St

Property type House
Neighborhood
Year built 1985
HOA fee $0/month
Lot size 0.5 Acre
Movoto estimate
Property description
Excellent Walla Walla investment property! Located near Whitman College ballfields, this single parcel features a fully remodeled 4-plex and a well-maintained 5-plex, delivering 9 total units. The 4-plex consists of ground-level 2-bedroom, 1-bathroom units completely upgraded with new paint, doors, cabinetry, and quartz/granite counters. The neighboring 5-plex offers four 2-bedroom, 1-bathroom units plus one spacious 3-bedroom, 1-bathroom layout, featuring one daylight basement unit with the remaining units at ground level. Extensive updates include new and newer roofs, fresh siding on the 4-plex, and crisp exterior paint. Just a short walk to Whitman College, this prime location offers strong rental appeal and long-term value. The property is fully rented to maximize your immediate cash flow, except for one unit in the 4-plex left vacant for convenient viewing. Showings are gladly permitted on the vacant unit, while the remaining apartment interiors are viewable after a mutually accepted offer. Grab this premier income-producing portfolio addition today!
Listed by
Listing Agent - Nate Biehl
Listing Office - VRG Realty LLC
Source: NWMLS mls logo
MLS#2536863 • last updated 2 weeks ago
Movoto checked NWMLS for data 13 minutes ago
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Overview
Cooling/AC Window Unit(s)
Heating Baseboard
Levels/Style Multi Family
MLS # 2536863
SubType Multi Family
Type Residential Income
SqFt 8236
Status Active
Lot Size (SqFt) 21601
Lot Size (Acres) 0.4959
Property Tax 8556
Year Built 1985
Condition Good
Interior
Exterior
Foundation Poured Concrete
Roof Composition
Construction Cement Plank
# Parking Spaces 14
# Uncovered Spaces 14
Exterior Features Cement Planked
Amenities / Utilities
Sewer/ Septic Sewer Connected, City Of Walla Walla
Water Public
Water Company City Of Walla Walla
Power Company PPNL
Power Production: Type Electric, Natural Gas
Security Features Partially Fenced
HOA Amenities Basement, Storage
Location
County Walla Walla
Subdivision Walla Walla
Area 933 - Southeast Walla Walla County
High School District Walla Walla
APN 360720572901
Zoning Residential
Directions Park To Pine
Multifamily Details
Net Operating Income 106000
Capitalization Rate 7.1
Expense: Insurance 2308
Gross Scheduled Income 147720
Expense: Other 9000
Gross Adjusted Income 140334
Total Expenses 34251
Gross Rent Multiplier 10.15
Nwm_Totalmonthlyincome 12310
Vacancy Rate 5
Lot/ Land Details
Site Features Cable TV, Fenced-Partially, High Speed Internet, Sprinkler System
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Around 933 - Southeast Walla Walla County

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73/100
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37/100
Dining
71/100
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  • Real Estate
  • WA
  • Walla Walla County
  • Walla Walla
  • 99362
  • 516 E Pine St

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