321 Emerald Rd, Granger, WA 98932
- $889,000
- 5,460
- SqFt
Listing Broker: Keller Williams Eastside; Mel White; 425-285-3200; melwhite@kw.com
- List Price
- $889,000
- Status
- ACTIVE
- MLS#
- 2589735
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 5,460
- Area Total SqFt
- 5460
- Annual Tax Ammount
- 6606
- Lot Size (sq ft)
- 12,197
- Sewer
- Sewer Connected
Property Description
Four-unit multifamily investment opportunity in Granger, WA, overlooking the Yakima River and minutes from downtown Granger. The property is currently 50% occupied, with one additional unit completed and ready for occupancy and one unit recently vacated in September 2026, providing near-term lease-up potential. During 2025, when fully occupied, the property generated approximately $72,000 in gross income and $50,000 in NOI. Located on a quiet street near new development, this fourplex combines existing rental income with an opportunity to restore full occupancy. Buyer to verify income, expenses, rents, occupancy and all investment-related information.
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Additional Information
- Community
- Granger
- Net Operating Income
- $52,415
- Gross Adjusted Income
- $71,985
- Gross Scheduled Income
- $76,800
- Total Monthly Income
- $3,150
- Insurance Expenses
- $3,141
- Gross Rent Multiplier
- 11.58
- Total Expenses
- $19,570
- Cap Rate
- 5.9
- Total Number of Units
- 4
- Unit Name
- 321
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 2018
- Roof
- Composition
- Other Expenses
- 9823
- Energy Source
- Electric
- School District
- Granger
- Elementary School
- Roosevelt Elementary
- Middle School
- Granger Mid
- High School
- Granger High
- Total Monthly Income
- $3,150
- Gross Scheduled Income
- $76,800
- Gross Adjusted Income
- $71,985
- Tax Year
- 2025
- Insurance Expense
- $3,141
- Total Expenses
- $19,570
- Net Operating Income
- $52,415
- Gross Rent Multiplier
- 11.58
- Cap Rate
- 5.9
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.