Property Details
925 E 18th Avenue
Ellensburg, WA 98926
$5,200,000
Contingent
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Property Overview
41-unit investment opportunity for an apartment buyer looking to plant a flag in Eastern Washington or expand their portfolio. Located across the street from Central Washington University, buyers will benefit from strong in-place rents and fully maximize their returns with renovations. Please see marketing materials. Tours will be on 2/19 & 2/25. Please reach out to Listing Broker to schedule tours.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Contingent
County
Kittitas
Neighborhood
Airport Road
Listed
Feb 10, 2026
Financial Summary
Cap Rate
5.90%
Net Operating Income
$305,246
Gross Scheduled Income
$531,030
Gross Rent Multiplier
17.00
Total Expenses
$232,246
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
31,200
Leasable Area
31,200 sqft
Total Units
3
Zoning
Commercial
Possible Use
Commercial
Lot Size
2.25 acres
Year Built
1966
Exterior & Lot
Lot Size
2.25 sqft
Year Built
1966
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Wood
Location
City
Ellensburg
County
Kittitas
Coordinates
47.01089, -120.53377
Additional Information
Tax Year
2025
Annual Taxes
$33,853
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:10 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
