1403-1407 S 18th Ave - Apartments FOR SALE


Yakima, WA 98902
$3,100,000 USD
509-494-3116
1403-1407 S 18th Ave, Yakima, WA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/14
null | 6.81% Cap Rate

1403-1407 S 18th Ave
Yakima, WA 98902


HIGHLIGHTS

  • Well-Maintained, Light Value-Add Opportunity
  • Strong Trailing Operating Performance & Attractive Cap Rate
  • Desirable Unit Mix Featuring a Majority of Townhomes & Duplexes
  • Strong In-Place Rents, Within 3% of Current Market Rates
  • Centrally Located Near Major Employment, Schools, Restaurants & Everyday Amenities
  • Fenced Community with Ample On-Site Parking

OVERVIEW

Yakima 23 is an attractive opportunity to acquire a well-maintained multifamily community in a central Yakima location. The property features 23 spacious two-bedroom units, with a majority of the buildings configured as desirable townhomes and duplexes, offering an appealing residential setting and strong tenant demand. The asset features strong trailing operating performance and an attractive going-in cap rate, while current in-place rents are within approximately 3% of market, providing investors with both stable cash flow and additional value-add potential. The fenced community includes ample on-site parking and is conveniently located near employment centers, schools, restaurants, shopping, and other everyday amenities. With a solid operating history, attractive unit mix, and upside, this offering presents an excellent opportunity to acquire a well-performing multifamily asset in the Yakima market.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

23

PRICE/UNIT

$134,783

CAP RATE

6.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

R2

APN/PARCEL ID

181326-44582

ASK ABOUT THIS PROPERTY

Max FrameKidder MathewsMore Info
509-494-3116

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Max FrameKidder MathewsMore Info
509-494-3116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.