1011 1013, 1015 s 48th Avenue, Yakima, WA 98908
- $2,990,000
- 15,728
- SqFt
Listing courtesy of RE/MAX Premier Group.
- List Price
- $2,990,000
- Status
- ACTIVE
- MLS#
- 2521913
- Price Change
- ▼ $209,000 1784166566
- Days on Market
- 78
- Style
- 56 - 10+ Units
- Finished SqFt
- 15,728
- Area Total SqFt
- 15728
- Annual Tax Ammount
- 18296.48
- Lot Size (sq ft)
- 66,961
- Sewer
- Sewer Connected
Property Description
The Eisenhower Complex is a stabilized 18 unit multifamily investment located in one of West Yakima’s most established rental corridors. The offering includes a 16 unit apartment property plus a duplex, creating a two bed dominant unit mix with broad renter appeal. The property is currently 100% occupied, w/current scheduled rent exceeding '25 reported rental income and additional income generated from coin op laundry. Positioned near MultiCare Yakima Memorial Hospital, Yakima Valley College, Wilson & West Valley Middle School, Eisenhower High School, shopping, dining, parks, gyms, golf courses & Yakima Air Terminal, the property benefits from convenient access to major healthcare, education, employment, retail, & daily service demand drivers. The combined property features ~1.54 total acres, ~15,728 total building SqFt, 36 total parking spaces including covered parking & irrigated grounds. The duplex includes two spacious 2 bed, 1 bath units ~1k SqFt each, w/carport & driveway parking. Ownership has completed meaningful capital improvements & ongoing unit remodels, supporting tenant appeal, durability, & rental desirability. Certain expenses reflect non recurring capital work, creating upside when evaluating normalized operations. W/stable in place performance, scheduled rent above '25 income, a marketable unit mix, meaningful reinvestment, & a strong West Yakima location, the Eisenhower Complex represents a well maintained, strategically positioned investment opportunity.
/u.realgeeks.media/rolandacarriere/header.png)
Additional Information
- List Date
- 2026-05-12 20:47:36
- Community
- Yakima
- Net Operating Income
- $146,742
- Gross Adjusted Income
- $209,398
- Gross Scheduled Income
- $209,398
- Total Monthly Income
- $18,095
- Insurance Expenses
- $10,414
- Water/Sewer/Garbage Expenses
- $13,382
- Gross Rent Multiplier
- 15.3
- Total Expenses
- $62,656
- Cap Rate
- 4.58
- Total Number of Units
- 6
- Unit Name
- 1011
- Potential Terms
- Cash, Conventional, See Remarks
- Year Built
- 1996
- View
- Territorial
- Roof
- Composition
- Site Features
- Outbuildings, Patio, Sprinkler System
- Electric Expenses
- 1183
- Other Expenses
- 19379
- Energy Source
- Electric
- School District
- Yakima
- Elementary School
- Mcclure Elem
- High School
- Eisenhower High
- Total Monthly Income
- $18,095
- Gross Scheduled Income
- $209,398
- Gross Adjusted Income
- $209,398
- Tax Year
- 2025
- Insurance Expense
- $10,414
- W/S/G Expenses
- $13,382
- Total Expenses
- $62,656
- Net Operating Income
- $146,742
- Gross Rent Multiplier
- 15.3
- Cap Rate
- 4.58
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.