335 F Street NW, Ephrata, WA 98823
- $415,000
Listing Broker: Windermere RE K-2 Realty; Brandon Douglass; 509-431-4463; bdoug@windermere.com
- List Price
- $415,000
- Status
- ACTIVE
- MLS#
- 2591954
- Style
- 52 - Duplex
- Building Condition
- Good
- Annual Tax Ammount
- 2467
- Lot Size (sq ft)
- 75,359
- Sewer
- Sewer Connected
Property Description
Two rental homes situated on two large lots near downtown Ephrata, offering strong rental history and plenty of future potential. The 650 sq. ft. 1-bedroom, 1-bath home currently rents for $1,200/month, while the 1,064 sq. ft. 3-bedroom, 1-bath home rents for $1,700/month. The property sits on more than 1.5 acres and includes additional outbuildings plus a 1,200 sq. ft. shop. The homes are located on a city lot, with the pasture area on a county lot. With zoning allowing for 2–4 multifamily units, there may be additional opportunity to expand or further develop the property. The 3-bedroom home just received a brand-new roof, and the 1-bedroom home's roof is approximately two years old. Mature landscaping, ample parking, a quiet street, and a convenient location near schools, parks, and downtown add to the appeal. Both homes are tenant occupied and have established rental histories, making this a unique income-producing property with room for future possibilities.
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Additional Information
- Community
- Ephrata
- Net Operating Income
- $21,970
- Gross Adjusted Income
- $45,400
- Gross Scheduled Income
- $46,800
- Total Monthly Income
- $2,900
- Insurance Expenses
- $3,439
- Water/Sewer/Garbage Expenses
- $4,320
- Gross Rent Multiplier
- 8.8
- Total Expenses
- $24,830
- Cap Rate
- 5.2
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 335
- Potential Terms
- Cash, Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 1946
- Roof
- Composition, Flat
- Site Features
- Cable TV, Fenced-Partially, Outbuildings, Patio, RV Parking, Shop
- Other Expenses
- 14604
- Energy Source
- Electric
- School District
- Ephrata
- Total Monthly Income
- $2,900
- Gross Scheduled Income
- $46,800
- Vacancy Rate
- 3
- Gross Adjusted Income
- $45,400
- Tax Year
- 2026
- Insurance Expense
- $3,439
- W/S/G Expenses
- $4,320
- Total Expenses
- $24,830
- Net Operating Income
- $21,970
- Gross Rent Multiplier
- 8.8
- Cap Rate
- 5.2
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