$675,000
Yakima, WA 98902
MLS# 25-1642
Status: Closed
5792 sqft
1 / 10
Property Description
THIS OFFERING is for the opportunity to acquire a 9-unit multifamily property in central Yakima, zoned R3. The Spanish-style building showcases ''old world'' architectural charm, with a central open courtyard, and mature landscaping to provide a classic and timeless aesthetic. The unit mix includes seven-1Bd/1Ba units and two-2Bd/1Ba units, complimented by a community laundry room with storage units and a 600SF+/- detached garage. Recent capital improvements include a new exterior renovation inclusive of paint, upgraded in-unit heaters, and new electrical panels in all units (installed in 2024) to reduce future cap-ex maintenance requirements while positioning the property for stronger future operational performance. Current rents are below market, offering significant upside by way of rental adjustments, expense optimization (current expenses are 47% of GSI), and implementation of a RUBS (Ratio Utility Billing System). This property presents a compelling investment opportunity in a desirable central location. To further enhance the investment appeal, attractive SELLER FINANCING terms are available.
Details
Maps
Documents
Contract Information
Current Price: $675,000
MLS Service Begin Date: 2025-06-12
Status: Closed
Sold Price: $675,000
Sub Type: Apartment
Seller Disclosure: No
General Property Description
# Units: 9
Gross Mo Income: 7190
Year Built: 1930
Garage Capacity: 2
Acreage M/L: 0.42
Total Apx SF: 5792
Realtor.COM Type: Multi-Family
Location, Tax & Legal
Area (with SubArea): 2A - Btwn N 1st/16th
House Number: 209
Street Dir: S
Street Name: 9th
Street Suffix: Ave
State/Province: WA
Zip Code: 98902
Status Change Info
Sold Date: 2025-07-21
Under Contract Date: 2025-06-18
Status Change Date: 2025-07-22
Sold Price: $675,000
Financing: SLR
Property Features
Domestic Water: Public Water
Heat: Forced Air
Roof: Agent Remarks
Sewage System: Connected
Siding: Stucco
Zoning: R3 - Multi Fam Res
Lead Paint 
Listing Office: Almon Commercial-Residential Real Estate
Last Updated: July - 22 - 2025
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.