17809 120th Avenue SE, Yelm, WA 98597

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 11:21PM

Listing Office:

RE/MAX Country : 360-400-3475

Listing Agent:

Cynthia Schmier : 360-400-3475

MLS ID:

2519652

Interior

• Flooring: VinylCarpet
• A/C: None
• Heating: Wall Furnace
• Fireplace: Fireplaces: 0

Exterior

• General: Wood
• Parking: RV ParkingParking spaces: 34

Construction

• Roofing: Composition
• General: 55 - 5-9 UnitsPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Yelm
• County: Thurston

Lot

• Zoning: 70701100200
• View: TerritorialView

Utilities

• Water: Individual Well
• Sewer: Septic Tank

Financial

• Source: nwmls