$889,000
Est. $4,818/mo5,460 sq ft
321 Emerald Rd, Granger, WA 98932
• Listed Oct 5, 2026•35 days active · 35 cumulative
Listing Broker: Keller Williams Eastside; Mel White; 425-285-3200; melwhite@kw.com
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Listing Broker: Keller Williams Eastside; Mel White; 425-285-3200; melwhite@kw.com
About this home
Four-unit multifamily investment opportunity in Granger, WA, overlooking the Yakima River and minutes from downtown Granger. The property is currently 50% occupied, with one additional unit completed and ready for occupancy and one unit recently vacated in September 2026, providing near-term lease-up potential. During 2025, when fully occupied, the property generated approximately $72,000 in gross income and $50,000 in NOI. Located on a quiet street near new development, this fourplex combines existing rental income with an opportunity to restore full occupancy. Buyer to verify income, expenses, rents, occupancy and all investment-related information.
Listed by Mel White • Keller Williams Eastside
Listing updated: October 19, 2026 at 02:25pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2589735
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
321 Emerald Rd, Granger, WA 98932
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 4-Plex
- 440 sq ft garage
Flooring
- Laminate
Heating & cooling
- Forced Air heating
- Wall Unit(s) cooling
Schools
Ratings via SchoolDiggerGranger School District
- Roosevelt ElementaryPublic · Grades PK-4—
- Granger Middle SchoolPublic · Grades 5-8 · State rank 464 of 5141/10
- Granger High SchoolPublic · Grades 9-12 · State rank 377 of 3961/10
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 4
- Units in building
- 4
- Units below grade
- false
- Building square feet
- 5,460 sq ft
Income & expenses
- Gross scheduled income
- $76,800
- Total monthly income
- $3,150
- Gross adjusted income
- $71,985
- Net operating income
- $52,415
- Cap rate
- 5.9%
- Gross rent multiplier
- 11.58
- Total expenses
- $19,570
- Insurance
- $3,141
- Other expenses
- $9,823
- Water / sewer / garbage paid by
- 0
Parking & storage
- Parking spaces
- 4
- Uncovered parking
- 4
Taxes & assessment
- Annual taxes
- $6,606
- Tax year
- 2025
- Financing
- Cash, Conventional, Owner Will Carry
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Down payment assistance
6 programs may be available to provide you with up to $44,450 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$5,591 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Keller Williams Eastside; Mel White; 425-285-3200; melwhite@kw.com
Market pulse
Granger is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: Sale-vs-list ratio data not available for this area.
Time on market: The average home goes pending in around 50 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 9, 2026 at 11:40 AM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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