3700 Carriage Park Ln - Apartments FOR SALE


Yakima, WA 98902
$1,475,000 USD
509-480-0733
3700 Carriage Park Ln, Yakima, WA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

3700 Carriage Park Ln
Yakima, WA 98902


HIGHLIGHTS

  • Desirable unit mix: 50% 1-bedroom/1-bath units and 50% townhouse-style 2-bedroom/2-bath units
  • Townhouse units feature sweeping territorial views and oversized garages
  • Recent capital improvements include a new roof and fresh exterior paint
  • Attractive amenities: gas fireplaces and durable, low-maintenance Hardi-plank siding
  • Exceptionally well maintained with evident pride of ownership throughout
  • Current rents are approximately 18% below market, offering clear upside potential

OVERVIEW

THIS OFFERING presents the opportunity to acquire two exceptional West Yakima four-plex properties for a total of 8 units. This is a rare opportunity to own two well-constructed properties featuring a 50/50 mix of 1-bedroom, 1-bathroom units and townhouse-style 2-bedroom, 2-bath units with sweeping territorial views and oversized garages in west Yakima. The property has recently received a new roof and fresh exterior paint, and includes attractive amenities such as gas fireplaces and durable, low-maintenance Hardi-plank siding. It has been exceptionally well maintained and reflects clear pride of ownership. Current rents are approximately 18% below market, creating a compelling value-add opportunity. Seven of the eight units are on month-to-month leases, with the remaining lease expiring August 2026, providing flexibility for repositioning and rental adjustments. A clean, low-maintenance asset located in one of West Yakima’s most desirable rental corridors. The neighboring four-plex at 3700 Carriage Park is also part of this package sale. Buyer can likely obtain residential financing as opposed to commercial financing providing for a higher LTV as these are two separate four-unit tax parcels.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

8

PRICE/UNIT

$184,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carriage Park Apts.

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

R3

APN/PARCEL ID

181315-43467,181315-43469

ASK ABOUT THIS PROPERTY

Nick MayerAlmon Commercial Real EstateMore Info
509-480-0733

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Nick MayerAlmon Commercial Real EstateMore Info
509-480-0733

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