Kidder Mathews Sells 18-Unit Chestnut Grove Townhomes for $3.34 Million

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Max Frame of the Simon and Anderson team, a multifamily investment team at Kidder Mathews, successfully facilitated the off-market sale of the 18-unit Chestnut Grove Townhomes located at 100 Peach Tree Lane, Yakima, Washington. The portfolio consists of nine duplexes. It sold for $3,340,000, equating to $185,556 per unit.

The 18-unit duplex portfolio was built in 2000. It represents a well-maintained and strategically located investment opportunity in Yakima. The sale was financed through seller financing, which offered favorable terms for the buyer and ensured a smooth transaction process.

Frame was the sole broker representing the seller in this transaction. This caps off an active first half of the year for Frame, who has closed seven Eastern Washington apartment transactions in 2024.

“Understanding and meeting the seller’s priorities was crucial in this transaction. By connecting a local investment group with the seller, we facilitated a seamless deal that met everyone’s expectations,” said Frame. “This success story underscores our strategic approach to brokerage.”

About Max Frame
Working out of Kidder Mathews’ headquarters in Seattle, Washington, Max Frame specializes in representing sellers and buyers in the sale of Eastern Washington apartments. Born and raised in Eastern Washington, he combines his local knowledge and expertise of these markets with Kidder Mathews’ national exposure and outreach. Frame works with Executive Vice Presidents Dylan Simon and Jerrid Anderson of the Simon and Anderson team.

About the Dylan Simon and Jerrid Anderson apartment brokerage team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors, developers, and landowners in the sale and purchase of apartment buildings and development land across the entire State of Washington. The team of 10 brokerage professionals specializes in the sale and purchasing of apartment buildings and development land from $1 million to more than $100 million. For more information, visit simonandersonteam.com.

About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 professionals in 19 offices across Washington, Oregon, California, Idaho, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages over $10 billion in transaction volume, manages 55 million square feet of space, and conducts 2,600 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.

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