$2,500,000
Yakima, WA 98902
MLS# 26-1345
13300 sqft
1 / 18
Property Description
Northmarq is 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 665SF. 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.
Details
Maps
Documents
Contract Information
Current Price: $2,500,000
MLS Service Begin Date: 2026-05-07
Status: Active
List Price: $2,500,000
Sub Type: Apartment
Seller Disclosure: No
General Property Description
# Units: 20
Gross Mo Income: 19748
Year Built: 1971
Garage Capacity: None
Acreage M/L: 0.55
Total Apx SF: 13300
Realtor.COM Type: Multi-Family
Location, Tax & Legal
Area (with SubArea): 3B - Btwn S 16th/40th
House Number: 1020
Street Dir: S
Street Name: 20th
Street Suffix: Ave
State/Province: WA
Zip Code: 98902
Status Change Info
Status Change Date: 2026-05-11
Property Features
Domestic Water: Public Water
Heat: Baseboard
Roof: Metal
Sewage System: Connected
Siding: Wood
Zoning: R3 - Multi Fam Res
Lead Paint 
Listing Office: Almon Commercial-Residential Real Estate
Last Updated: August - 11 - 2026
Property profiling information contained herein is believed to be accurate, but may contain approximations or estimates where appropriate. The information contained herein is not guaranteed. This information is provided for the sole use and benefit of those authorized to access Yakima Association of Realtors® ('YAR') Multiple Listing Service ('MLS') information, and may not be reproducerepresened to third parties as information produced, warranted, or represented by YAR or MLS to be guaranteed.