For sale Condo

Listed Oct 26, 2026

$229,000 Est. $1,515/mo

1907 Melrose Street

  • 3

    Beds

  • 2

    Baths

The story

TURNKEY RENTAL INVESTMENT- ESTABLISHED TENANT -WITH EXCELLENT PAYMENT HISTORY. Currently leased at $1,450 per month, plus an additional $50 monthly tenant contribution toward HOA expenses. Tenant signed 12-month lease extending through September 30, 2027. That’s $18,000 in scheduled annual tenant payments, offering income continuity for the incoming owner. Excellent opportunity to acquire an established, income-producing rental property in Walla Walla! This well-maintained, 3-bedroom, 1.75 bath townhouse in the Vineyard Condos offers immediate scheduled rental income, an excellent existing tenant and recent improvements that make it an attractive addition to any investment portfolio. A 1,219-square-foot, two-story residence features a functional floor plan, updated flooring, fresh interior paint, newer carpeting, and a recently replaced washer and dryer. The kitchen appliances are included as well and the dining area opens to an outdoor patio including backyard space. The Vineyard community offers a seasonal swimming pool, covered parking, and HOA-maintained grounds. HOA dues cover water, sewer, trash, lawn care, snow removal, and common-area maintenance—helping simplify ownership and operating responsibilities. All of this adds up to contribute to a comfortable lifestyle for the new owner, or a good investment for the future. This is an appealing opportunity for buy-and-hold investors and qualified 1031 exchange buyers seeking an established rental with a tenant in place.

Facts & features

Home type

Condo

Year built

1972

Floors

2

HOA

$300 / monthly

Included features

  • Cooling

    90%+ High Efficiency, Central Air, Forced Air

  • Heating

    90%+ High Efficiency, Forced Air

  • Appliances

    Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Washer

  • Flooring

    Engineered Hardwood, Carpet

  • Roof

    Composition

  • Lot Information

    Curbs, Paved, Sidewalk

  • Exterior

    Stucco

  • View

    City

Mortgage calculator

Estimated monthly payment

$1,515 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $1,219
  • Property tax $229
  • Insurance $67

Includes principal, interest, taxes & insurance.

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Listing Broker

Windermere RE Walla Walla

Broker Name

Windermere RE Walla Walla

Agent

Jack Conley