Multifamily Property for Sale in Yakima, WA
Yakima 23
1403-1407 S 18th Ave, Yakima, WA 98902, Yakima County
Price
$3,100,000
Listing Information
- # Units 23
- Total Bldg SF 18,716
- Parcel SF 62,726
- Year Built/ Renovated 1969 / 1977
- Price/SF $165.63
- Price/Unit $134,782.61
- Cap Rate 6.81%
- Average Unit SF 814
Property Information
- Property Type Multifamily
- Acres 1.44
- Parcel # 181326-44582
- Zoning R2
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.