1900 -1902 N Regal Street, Ellensburg, WA 98926
- $419,900
- 1,622
- SqFt
Listing courtesy of Coldwell Banker Central.
- List Price
- $419,900
- Status
- ACTIVE
- MLS#
- 2543194
- Days on Market
- 40
- Style
- 52 - Duplex
- Finished SqFt
- 1,622
- Area Total SqFt
- 1622
- Annual Tax Ammount
- 3614.12
- Internet Provider
- Spectrum
- Lot Size (sq ft)
- 7,841
- Sewer
- Sewer Connected
Property Description
Excellent investment opportunity near Central Washington University! This well-maintained duplex generates $2,500 per month in gross rental income and offers a proven history of consistent occupancy with low tenant turnover. Each unit features 2 bedrooms, 1 bathroom, in-unit laundry, a single-car garage, and a large private yard space that has been a major draw for tenants.Tenants pay all utilities and are responsible for yard maintenance, helping keep operating expenses low. Recent improvements include a new water line for Unit 1902 (2025), roof overlay, and new flooring and carpet in Unit 1900. Located in a neighborhood comprised primarily of duplex properties and bordered by Mercer Creek. Current flood insurance premium is approximately $410 per year.With stable cash flow already in place, this property presents an attractive opportunity for investors seeking value-add potential through future rent increases, cosmetic improvements, and possible reconfiguration of existing garage space, subject to buyer verification and applicable regulations. A solid income-producing asset with desirable tenant amenities, strong rental history, and potential for future appreciation and income growth.
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Additional Information
- List Date
- 2026-06-19 20:26:39
- Community
- 18th/Ellensburg
- Net Operating Income
- $24,875
- Gross Adjusted Income
- $30,000
- Gross Scheduled Income
- $30,000
- Total Monthly Income
- $2,500
- Insurance Expenses
- $1,100
- Gross Rent Multiplier
- 16.8
- Total Expenses
- $5,124
- Cap Rate
- 5.9
- Total Number of Units
- 2
- Unit Name
- 1900 -1902
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1988
- Waterfront
- Yes
- Roof
- Composition
- Site Features
- Cable TV, Patio
- Other Expenses
- 410
- Energy Source
- Electric
- School District
- Ellensburg
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,500
- Gross Scheduled Income
- $30,000
- Gross Adjusted Income
- $30,000
- Tax Year
- 2026
- Insurance Expense
- $1,100
- Total Expenses
- $5,124
- Net Operating Income
- $24,875
- Gross Rent Multiplier
- 16.8
- 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.