Log In/Sign Up
Your email has been sent.
1403-1407 S 18th Ave 23 Unit Apartment Building $4,307,512 CAD ($187,283 CAD/Unit) 6.81% Cap Rate Yakima, WA 98902
Investment Highlights
- Well-Maintained, Light Value-Add Opportunity
- Desirable Unit Mix Featuring a Majority of Townhomes & Duplexes
- Centrally Located Near Major Employment, Schools, Restaurants & Everyday Amenities
- Strong Trailing Operating Performance & Attractive Cap Rate
- Strong In-Place Rents, Within 3% of Current Market Rates
- Fenced Community with Ample On-Site Parking
Executive Summary
Yakima 23 is an attractive opportunity to acquire a well-maintained multifamily community in a central Yakima location. The property features 23 spacious two-bedroom units, with a majority of the buildings configured as desirable townhomes and duplexes, offering an appealing residential setting and strong tenant demand.
The asset features strong trailing operating performance and an attractive going-in cap rate, while current in-place rents are within approximately 3% of market, providing investors with both stable cash flow and additional value-add potential. The fenced community includes ample on-site parking and is conveniently located near employment centers, schools, restaurants, shopping, and other everyday amenities.
With a solid operating history, attractive unit mix, and upside, this offering presents an excellent opportunity to acquire a well-performing multifamily asset in the Yakima market.
The asset features strong trailing operating performance and an attractive going-in cap rate, while current in-place rents are within approximately 3% of market, providing investors with both stable cash flow and additional value-add potential. The fenced community includes ample on-site parking and is conveniently located near employment centers, schools, restaurants, shopping, and other everyday amenities.
With a solid operating history, attractive unit mix, and upside, this offering presents an excellent opportunity to acquire a well-performing multifamily asset in the Yakima market.
Property Facts
| Price | $4,307,512 CAD | Building Class | C |
| Price Per Unit | $187,283 CAD | Lot Size | 1.44 AC |
| Sale Type | Investment | Building Size | 34,995 SF |
| Cap Rate | 6.81% | Average Occupancy | 100% |
| No. Units | 23 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1996 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 | ||
| Price | $4,307,512 CAD |
| Price Per Unit | $187,283 CAD |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.44 AC |
| Building Size | 34,995 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1996 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | R2 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 15 | - | 722 - 760 |
| 2+1.5 | 8 | - | 972 |
Fairly walkable
50/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 181326-44582 | Improvements Assessment | $2,680,457 CAD |
| Land Assessment | $313,860 CAD | Total Assessment | $2,994,316 CAD |
Property Taxes
Parcel Number
181326-44582
Land Assessment
$313,860 CAD
Improvements Assessment
$2,680,457 CAD
Total Assessment
$2,994,316 CAD
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1403-1407 S 18th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.