308 South Fir Street, Toppenish, WA 98948
308 South Fir Street
Toppenish, WA 98948

This 10-unit multifamily property, built in 1949, is located in the heart of Toppenish, WA. Offering a mix of studios and one-bedroom units, this investment generates a gross potential rental income of **$70,440 annually**. The property spans 4,725 square feet and provides a cap rate of **5.99%**, with a price per unit at **$56,000**.


Current operations yield a net operating income (NOI) of **$33,551**, with opportunities for income growth. The investment offers stable cash flow with a debt coverage ratio (DCR) of **1.26** and a gross rent multiplier (GRM) of **7.44**.


This well-located, single-story property presents a solid investment for those seeking an income-generating asset in the growing Toppenish rental market.

PROPERTY DESCRIPTION

ADDRESS

CITY, STATE, & ZIP

UNITS

YEAR BUILT

BUILDING SF

TYPE

CONSTRUCTION:

ZONING

APN

308 South Fir Street
Toppenish, WA 98948

10

1949

4,725 Sqft

Multi-Family

-

-

-

OFFERING SUMMARY

SALE PRICE

PRICE PER UNIT

PRICE PER SF

CAP RATE

MARKET CAP RATE

GRM

MARKET GRM

$625,000

$62,500

$132.28

5.6%

-

-

-

PROPERTY DESCRIPTION

ADDRESS:

308 South Fir Street

CITY, STATE, & ZIP:

Toppenish, WA 98948

UNITS:

10

YEAR BUILT:

1949

BUILDING SF:

4,725 Sqft

TYPE:

Multi-Family

CONSTRUCTION:

-

ZONING:

-

APN:

-

OFFERING SUMMARY

SALE PRICE:

$625,000

PRICE PER UNIT:

$62,500

PRICE PER SF:

$132.28

CAP RATE:

5.6%

MARKET CAP RATE:

-

GRM:

-

MARKET GRM:

-

DEMOGRAPHICS

-

POPULATION

-

HOUSEHOLDS

-

MEDIAN AGE

-

AVERAGE INCOME

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