Property Details

1007 Grandridge Rd

Grandview, WA 98930

$4,300,000

Available

CBA# 714316 courtesy of CBA Listing firm: The Paragon Group

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Commercial

Property Type

16,000

Bldg Sq Ft

Units

6.00%

Cap Rate

2025

Year Built

Property Overview

Offered at $4,000,000, Grandridge Meadows is priced at $250k/unit with a 6.76% in-place cap rate and a 7.03% proforma cap rate. The included land is priced at $300,000, which is just $10,000 per buildable unit, providing the opportunity to acquire stable new-construction cash-flow while creating a clear path to future growth.Grandridge Meadows is a boutique, newly constructed multifamily property located at 1007 Grandridge Road in Grandview, Washington. The project comprises sixteen 2-bed, 2-bath units, each averaging over 960 square feet. With modern finishes, durable construction, and efficient layouts, the property is poised to attract long-term tenants looking for high-quality rental housing without the high urban rent premiums.The site enjoys a central Grandview location near sch