550 C St NW - Apartments FOR SALE


Ephrata, WA 98823
$3,550,000 USD
509-410-1990
550 C St NW, Ephrata, WA for Sale
$3,550,000 USD
Apartments - FOR SALE
1/9
null | 6.53% Cap Rate

550 C St NW
Ephrata, WA 98823


HIGHLIGHTS

  • Rare townhome-style layout with private entrances, in-unit washer/dryer, and plenty of extra storage in the unfinished basements.
  • Value-add opportunity to add cosmetic improvements and upgrade appliances to increase rents and enhance retention.
  • Central location across from the high school and close to downtown Ephrata make this ideal for families and long-term tenants.

OVERVIEW

Sun Basin Townhomes is a 28-unit townhome-style community located in the heart of Ephrata, WA and features an expansive and central lawn perfect for families and pets. Each unit contains spacious two-bedroom, one-bathroom townhome-style residences offering a unique two story layout with bedrooms and bathrooms on the upper level, and living and kitchen areas on the main level. An added bonus for tenants is the inclusion of private unfinished basements with in-unit laundry and ample storage, distinguishing this asset from typical garden-style apartments. With an average unit size of 845 square feet, Sun Basin offers tenants both space and function in a community-focused setting. Strategically situated just off Main Street, the property is directly across from Ephrata High School, offering convenience to families and visibility for long-term rental stability. Ephrata, located just 20 minutes from Moses Lake, has seen stable rent growth and consistent tenant demand due to its affordability and small-town charm. With one rentable office or commercial space on site and clear value-add potential through cosmetic upgrades and improved operations, Sun Basin Townhomes presents an attractive investment opportunity in Central Washington’s steady, under-the-radar multifamily market.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

28

PRICE/UNIT

$126,786

CAP RATE

6.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sun Basin Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

Res-1

APN/PARCEL ID

140394000

ASK ABOUT THIS PROPERTY

Mason FiasconeParagon GroupMore Info
509-410-1990

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Mason FiasconeParagon GroupMore Info
509-410-1990

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