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Listed by:Northmarq Multifamily, LLC • Steve Fischer • Tyler Smith
$ 2,295,000
Est. payment | /mo
20 Beds
20 Baths
13,300 SqFt
$ 2,295,000
Est. payment | /mo
20 Beds
20 Baths
13,300 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,300 sqft
Price per Sqft $172
Subdivision Yakima
MLS Listing ID 2527991
Style 56 - 10+ Units
Bedrooms 20
Year Built 1971
Annual Tax Amount $17,295
Lot Size 0.555 Acres
Property Sub-Type Multi Family
Property Description
20th Avenue Apartments is a 20-unit, all one-bedroom apartment community located in Yakima, Washington. Built in 1971, the property spans approximately 13,300 net rentable square feet across 20 units averaging 665 SF each, currently 100% occupied. The asset is offered at $2,500,000, representing a 6.29% in-place capitalization rate on $157,244 of net operating income. Current rents trail market by approximately 3.97%, providing near-term upside through standard rent growth. The property includes 32 surface parking spaces. Yakima's economy — anchored by agriculture, healthcare, and food processing — supports stable year-round housing demand, and limited new multifamily supply reinforces occupancy and rental performance in the submarket.
Location
State WA
County Yakima
Area 475 - Yakima County
Interior
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Metal
Building
Lot Description Corner Lot, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Yakima
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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