516 E Pine Street, Walla Walla, WA 99362
- $1,500,000
- 8,236
- SqFt
Listing courtesy of VRG Realty LLC.
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- 2536863
- Days on Market
- 312
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 8,236
- Area Total SqFt
- 8236
- Annual Tax Ammount
- 8556
- Internet Provider
- Spectrum
- Lot Size (sq ft)
- 21,601
- Sewer
- Sewer Connected
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!
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Additional Information
- List Date
- 2025-09-19 21:53:59
- Community
- Walla Walla
- Net Operating Income
- $106,000
- Gross Adjusted Income
- $140,334
- Gross Scheduled Income
- $147,720
- Total Monthly Income
- $12,310
- Insurance Expenses
- $2,308
- Water/Sewer/Garbage Expenses
- $14,387
- Gross Rent Multiplier
- 10.15
- Total Expenses
- $34,251
- Cap Rate
- 7.1
- Vacancy Rate
- 5
- Total Number of Units
- 9
- Unit Name
- 516
- Potential Terms
- Cash, See Remarks
- Year Built
- 1985
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Sprinkler System
- Other Expenses
- 9000
- Energy Source
- Electric, Natural Gas
- School District
- Walla Walla
- Total Monthly Income
- $12,310
- Gross Scheduled Income
- $147,720
- Vacancy Rate
- 5
- Gross Adjusted Income
- $140,334
- Tax Year
- 2026
- Insurance Expense
- $2,308
- W/S/G Expenses
- $14,387
- Total Expenses
- $34,251
- Net Operating Income
- $106,000
- Gross Rent Multiplier
- 10.15
- Cap Rate
- 7.1
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.