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Yakima 23 Multifamily Property For Sale in Yakima, WA

Multifamily Property for Sale in Yakima, WA

Yakima 23

1403-1407 S 18th Ave, Yakima, WA 98902, Yakima County
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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
Additional Property Details

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.

Property Information

  • Property Type Multifamily
  • Acres 1.44
  • Parcel # 181326-44582
  • Zoning R2

Property Location