17809 120th Avenue SE, Yelm, WA 98597 (MLS # 2519652)

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Listing provided courtesy of Northwest MLS; RE/MAX Country

PRICE $825,000
BEDS 0
BATHS 0
HOME SIZE 6,052 sqft
LOT SIZE 4.43 ac
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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.

LAST UPDATED 5/19/2026 TRACT Vail
YEAR BUILT 1962 COMMUNITY Vail
COUNTY Thurston STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Fort Stevens Elem
Jr. High School Yelm Mid
High School Yelm High12


ADDITIONAL DETAILS
AIR None
AREA 453 - Yelm/Rainier
CONSTRUCTION Wood Siding
HEAT Electric, Wall Furnace
LOT 4.43 acre(s)
LOT DESCRIPTION Dead End Street, Paved, Secluded
MLS STATUS Active
PARKING RV Access/Parking
SEWER Septic Tank
STORIES 1
STYLE 55 - 5-9 Units
SUBDIVISION Vail
TAXES 4719
VIEW Yes
VIEW DESCRIPTION Territorial
WATER Well, Private
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/19/26 11:37 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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