$415,000

4 Beds 2 Baths 0 SQFT 1.73 Acres
Type: Multi-Family

335 F Street NW
Ephrata, WA 98823

MLS#: 2591954
Presented by: Windermere RE K-2 Realty and NWMLS

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.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories1

General

Building Area Units0 sqft
Cap Rate5.2
Carport Spaces21
Carport Y/NNo
CityEphrata
CoolingDuctless, Window Unit(s)
CountyGrant
DirectionsGPS Friendly
Electric Expense0
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingDuctless, Radiant, Wall Furnace
High School DistrictEphrata
Insurance Expense3439
Leasable Area1,720 sqft
Listing TermsCash, Conventional, FHA, USDA Loan, VA Loan
Living Area0 sqft
Lot Size Square Feet75,359 sqft
Lot Size UnitsSquare Feet
MLS Area294 - Central Grant County
NWM_ShowMapLinkY
Net Operating Income21970
New ConstructionNo
Number Of Units Total2
PossessionClosing
Possible UseMulti-Family
Property ConditionGood
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksTwo 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
RoofComposition, Flat
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameEphrata
Tax Annual Amount$2,467
Tax Year2026
Units Below Gradefalse
Units In Building Total2
Water Sewer Garbage4320
Year Built1946
Zoning DescriptionMulti-Family

Exterior

Building Area Total0 sqft
Covered Spaces0
Exterior AmenitiesWood
Irrigation Water Rights Y/NNo
Lot FeaturesOpen Space, Paved
Lot Size Acres1.73
Parking FeaturesRV Parking
Parking Uncovered Total10
Site FeaturesCable TV, Fenced-Partially, Outbuildings, Patio, RV Parking, Shop
Total Parking10
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$415,000

4 Beds 2 Baths 0 SQFT 1.73 Acres
Type: Multi-Family

335 F Street NW
Ephrata, WA 98823

MLS#: 2591954