Property Details

329 S 3rd Ave

Walla Walla, WA 99362

$1,300,000

Available

CBA# 712560 courtesy of CBA Listing firm: The Paragon Group

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Commercial

Property Type

7,500

Bldg Sq Ft

Units

6.00%

Cap Rate

1906

Year Built

Property Overview

Lords Apartments offers the opportunity to acquire a thoughtfully improved multifamily asset that pairs strong physical quality with immediate in-place performance. The property has benefited from a substantial renovation program, including a fully renovated six-unit building, and four newer units at the rear in a distinctive carriage house, creating an attractive mix of updated living spaces with reduced near-term capital needs. The finish level and care put into the improvements are evident throughout the asset and help position the property above typical competing inventory in the market.Beyond the renovation story, Lords Apartments is compelling because of its stability and uniqueness. The property has a dependable financial profile supported by consistent operations and in-place returns, giving investors confidence in the day-one income stream. At the same time, the buildings offer a level of character that is increasingly difficult to find, with distinctive architecture and varied floorplans that give each unit its own identity. That combination of stable performance and boutique appeal creates a differentiated investment opportunity with lasting tenant demand.Located at 329 S 3rd Ave, the property benefits from an excellent in-town Walla Walla setting near downtown amenities, neighborhood services, and major employment drivers. The location complements the character of the asset, offering residents a convenient and walkable living experience in one of Eastern Washington's most established small markets. Altogether, Lords Apartments stands out as a high-quality, character-rich asset in a desirable location, backed by stable operations and thoughtful renovations.