506 North Chestnut Street

Ellensburg, WA 98926

$639,950
Price
4
Beds
4
Baths
2,512 Sq. Ft.
$255 / Sq. Ft.
2,512
Sq. Ft.
$255
per Sq. Ft.

Description

Investment opportunity with excellent rental history conveniently located downtown with easy access to shopping, schools and hospital. Unit 1 is on the main level and has 2 bedrooms, one bathroom and is 1124 square feet with easy access to laundry facility. Unit 2 is a basement studio with 758 sqft. Unit 3 is located upstairs and has 1 bedroom and bathroom and 405 sqft. Unit 4 is also located upstairs and was recently remodeled and boasts 1 bedroom and bathroom with 808 sqft. Newer windows, newer...Investment opportunity with excellent rental history conveniently located downtown with easy access to shopping, schools and hospital. Unit 1 is on the main level and has 2 bedrooms, one bathroom and is 1124 square feet with easy access to laundry facility. Unit 2 is a basement studio with 758 sqft. Unit 3 is located upstairs and has 1 bedroom and bathroom and 405 sqft. Unit 4 is also located upstairs and was recently remodeled and boasts 1 bedroom and bathroom with 808 sqft. Newer windows, newer flooring in some units, and new exterior stairs in 2017. Extra income from onsite coin-operated laundry room and plenty of off street parking.
  1. Listed by Casey L. Mills • Windermere R. E. Ellensburg

Property Details for 506 North Chestnut Street

Community Name
Central Ellensburg
School District
Ellensburg
View
Mountain(s), Territorial
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
12-23-2023
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of Windermere R. E. Ellensburg
Add your commute
LISTING UPDATED: 04/15/2024 04:22 PM

Property Details for 506 North Chestnut Street

StatusActive
MLS #2187052
Days on Market128
Cumulative Days on Market128
Taxes$3,912 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1900
Lot Size0.13 AC / 5,715 SF
CountyKittitas County

Location

Listing Courtesy of Windermere R. E. Ellensburg
Add your commute

Building Information for 506 North Chestnut Street

Stories2Residences4Year Built1900Building Size-Lot Size0.13 AC / 5,715 SF

Payment Calculator

$3,818 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,492

Property Taxes

$326

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 506 North Chestnut Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, High Speed Internet, Sprinkler System
  • Area: 949 - Lower Kittitas County
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Morgan Mid
  • High School: Ellensburg High
  • Effective Year Built Source: Public Records
  • Directions: From University Way head south on Chestnut, property will be on the left side after 6th ave.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Forced Air
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: City of Ellensburg
  • Sewer Company: City of Ellensburg
  • Water Company: City of Ellensburg
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete, Slab
  • MLS Square Footage Source: Public Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1985
  • Photos Count: 35
Lot Information
  • Lot Details: Alley, Paved, Sidewalk
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 135733
  • Calculated Square Footage: 2512
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2512.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 8
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: true
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $6,662
  • Total Expenses: 11966
  • Gross Adjusted Income: 50220
  • Gross Rent Multiplier: 12.74
  • Gross Scheduled Income: $50,220
  • Insurance Expense: $1,392
  • Net Operating Income: $38,254
  • Other Expenses: $0
  • Total Monthly Income: 4185
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 1124
  • Rent Unit 1: $1,500.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 758
  • Rent Unit 2: $700.00
  • Bedrooms Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 405
  • Rent Unit 3: $950.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 808
  • Rent Unit 4: $975.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2512.0
  • Leasable Area Units: Square Feet

Property History for 506 North Chestnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 North Chestnut Street

Taxable ValueLand$71,440Additions$312,100Total$383,540
Home Facts
Total Finished SqFt936 SqFtAbove Ground SqFt936 SqFtStories2Lot Size5,715 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900ZoningERMCountyKITTITASAPN135733

Schools near 506 North Chestnut Street

This home is within Ellensburg School District.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 6 to 8
Public - K to 5
Public - 9 to 12
Rating
School
Distance
K-12 Ellensburg Learning Center
PublicK to 12

Morgan Middle School
Public6 to 8

Lincoln Elementary School
PublicK to 5

Ellensburg High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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506 North Chestnut Street is a multi-family home for sale in Ellensburg, WA 98926. This property was listed for sale on December 23, 2023 by Windermere R. E. Ellensburg, it's currently listed at $639,950. It has been on the market for a total of 128 days and was last sold on May 24, 2016. This listing's school district is Ellensburg School District. Nearby schools include K-12 Ellensburg Learning Center, Morgan Middle School and Lincoln Elementary School. 506 North Chestnut Street is a 4-bed, 4-bath, 2,512 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere R. E. Ellensburg

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.