17809 120th Avenue SE, Yelm, WA 98597

$825,000
6,052
SqFt

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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.

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.

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