20th Avenue Apartments is a 20-unit, all one-bedroom apartment community located in Yakima, Washington. Built in 1971, the property spans approximately 13,300 net rentable square feet across 20 units averaging 665 SF each, currently 100% occupied. The asset is offered at $2,500,000, representing a 6.29% in-place capitalization rate on $157,244 of net operating income. Current rents trail market by approximately 3.97%, providing near-term upside through standard rent growth. The property includes 32 surface parking spaces. Yakima's economy - anchored by agriculture, healthcare, and food processing - supports stable year-round housing demand, and limited new multifamily supply reinforces occupancy and rental performance in the submarket.
| MLS # | 2527991 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1971 |
| Days On Site | 135 |
| Listing Provided By | Northmarq Multifamily, LLC | Steve Fischer |
| SQ Feet | 13,300 |
|---|---|
| Story(s) | 2 |
| Units | 20 |
| Zoning | Multi-Family |
| Acreage | 0.55 |
| Property | 17295 |
|---|
| State | WA |
|---|---|
| County | Yakima |
| City | Yakima |
| Zip Code | 98902 |
| Area | 475 Yakima County |
| Community Name | Yakima |
| Listing VS Median (in Yakima) | |
Price: $2,500,000 low | high Med: $482,250 sqft: 13,300 low | high Med: 2,500 $ / sqft: $188 low | high Med: $207 On site: 135 low | high Med: 62 | |
| State | WA |
|---|---|
| County | Yakima |
| City | Yakima |
| Zip Code | 98902 |
| Area | 475 Yakima County |
| Community Name | Yakima |
| Listing VS Median (in Yakima) | |
Price: $2,500,000 low | high Med: $482,250 sqft: 13,300 low | high Med: 2,500 $ / sqft: $188 low | high Med: $207 On site: 135 low | high Med: 62 | |