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JRJeff ReynoldsCompass · Seattle

Listed by Cynthia Schmier, RE/MAX Country

6,052
Square feet
$136
Per sq ft
Multi Family
Type
1962
Year built
192,971 sq ft
Lot
55
Days on market

About this property

Attention investors! Incredible opportunity to own a well-established income-producing multi-family property with tremendous upside potential. Situated on nearly 5 usable acres, this unique property features three total residential buildings, including a one 4-plex, one duplex, and a separate 2-bedroom, 1-bath single-family home. With a strong rental history and long-term tenancy in place, this property offers immediate cash flow along with future income-growth opportunities. All units are single-story, a highly desirable feature for tenants that also helps simplify maintenance and long-term management. The expansive acreage provides additional possibilities for future improvements, including the potential to add tenant storage units or other income-producing amenities, subject to buyer verification. Located at the end of a quiet cul-de-sac, the property offers a peaceful and private setting while still being conveniently close to everyday amenities. Just minutes from town and approximately 20 minutes to the East Gate of JBLM, this location is ideal for attracting and retaining tenants seeking both convenience and privacy. Whether you are looking to expand your investment portfolio or secure a property with long-term upside and stable occupancy, this rare multi-family opportunity checks all the boxes.

Location & commute

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Directions

Property details

Listing details

Listing number
#2519652
Listed
May 19, 2026
Days on market
55
Price per sq ft
$136

Unit & building

Stories in building
1
Units in building
7

Parking

Parking
RV Parking
Covered spaces
4
Total spaces
34

Views

View
Territorial

Construction

Year built
1962
Style
55 - 5-9 Units
Structure
Multi Family
Roof
Composition

Heating & cooling

Heating
Wall Furnace
Cooling
None
Energy source
Electric

Flooring

Flooring
VinylCarpet

Lot

Lot features
Dead End StreetPavedSecluded
Lot size
192,971 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Individual Well
Sewer
Septic Tank

Schools

District
Yelm
Elementary
Fort Stevens Elem
Middle
Yelm Mid
High
Yelm High12

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • RV Parking
  • Territorial
  • Multi Family
  • Composition
  • Wall Furnace
  • None
  • Electric
  • Vinyl
  • Carpet
  • Dead End Street
  • Paved
  • Secluded

Listing history

  1. Listed

    $825,000

    May 19, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$4,805

Principal & interest
$4,172
Property tax (est.)
$633

Assumes $165,000 down (20%), a $660,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 PM PDT. 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.