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.
Active
Listed by: Keller Williams Eastside • Melia White
$889,000
321 Emerald Rd, Granger, WA 98932
12beds
8baths
5,460sqft
Quadruplex, Multi Family
Built in 2018
-- sqft lot
$-- Zestimate®
$163/sqft
$-- HOA
What's special
- --
- on Zillow
- 84
- views
- 0
- saves
Zillow last checked:
Listing updated:
Listed by:
Melia White,
Keller Williams Eastside
Source: NWMLS as distributed by MLS GRID,MLS#: 2589735
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Forced Air, Electric
Cooling
- Wall Unit(s)
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 5,460
- Total interior livable area: 5,460 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
- Uncovered spaces: 4
Lot
- Size: 0.28 Acres
Details
- Parcel number: 21102232458
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Very Good
- Year built: 2018
- Major remodel year: 2018
Utilities & green energy
- Electric: Company: Pacific Power
- Sewer: Sewer Connected, Company: Granger Public Works
- Water: Public, Company: Granger Public Works
Community & HOA
Community
- Subdivision: Granger
Location
- Region: Granger
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $809,300
- Annual tax amount: $6,606
- Date on market: 10/1/2026
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Listed for sale | $889,000+50.7%$163/sqft |
Source:  NWMLS as distributed by MLS GRID #2589735 Report a problem | ||
| 9/4/2020 | Sold | $590,000$108/sqft |
Source: NWMLS as distributed by MLS GRID #1600792 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,839 -11.6% | $809,300 +7.5% |
| 2024 | $6,606 +12% | $752,800 +12.5% |
| 2023 | $5,900 +1.9% | $669,100 +2.6% |
| 2022 | $5,792 -10.7% | $652,000 +166.3% |
| 2021 | $6,483 +201.5% | $244,800 +22.4% |
| 2019 | $2,151 +821.3% | $200,000 +941.7% |
| 2018 | $233 | $19,200 |
| 2017 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98932
Nearby schools
Schools provided by the listing agent
- Elementary: Roosevelt Elementary
- Middle: Granger Mid
- High: Granger High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
