Property Details

1020 S 20th Ave

Yakima, WA 98902

$2,500,000

Available

CBA# 712701 courtesy of CBA Listing firm: Northmarq Multifamily LLC

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Commercial

Property Type

13,048

Bldg Sq Ft

Units

1971

Year Built

Property Overview

We are 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 665 SF per unit. 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. Yakima, Washington serves as one of