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Listed by Bill Almon, Jr Almon Commercial-Residential Real Estate
$2,500,000
Est. payment /mo
13,300 SqFt
Active
1020 S 20th Ave Yakima, WA 98902
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Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 13,300 sqft
Price per Sqft $187
MLS Listing ID 26-1345
Year Built 1971
Annual Tax Amount $17,735
Tax Year 2026
Property Sub-Type Apartment
Land Area 13300
Property Description
Northmarq is pleased to present 20th Avenue Apartments, a 20-unit multifamily apartment community located
in Yakima, Washington. Built in 1971, the property spans approximately 13,300 net rentable square feet and
consists entirely of one-bedroom residences averaging 665SF. The community is currently 100% occupied
and includes 32 surface parking spaces, supporting strong tenant convenience and stable leasing performance.
The property is being offered at $2.5 million, representing a 6.29% capitalization rate based on $157,244 in net
operating income. It provides immediate in-place cash flow, with additional upside potential as current rents are
approximately 3.97% below market, allowing for future income growth through strategic rent adjustments.
in Yakima, Washington. Built in 1971, the property spans approximately 13,300 net rentable square feet and
consists entirely of one-bedroom residences averaging 665SF. The community is currently 100% occupied
and includes 32 surface parking spaces, supporting strong tenant convenience and stable leasing performance.
The property is being offered at $2.5 million, representing a 6.29% capitalization rate based on $157,244 in net
operating income. It provides immediate in-place cash flow, with additional upside potential as current rents are
approximately 3.97% below market, allowing for future income growth through strategic rent adjustments.
Location
State WA
Area 3B - Btwn S 16Th/40Th
Zoning R3 - Multi Fam Res
Interior
Heating Baseboard
Heat Source Baseboard
Exterior
Roof Type Metal
Building
Sewer Connected
Water Public
Structure Type Wood Siding
Others
Tax ID 181326-13429
Nearby Locations
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