1020 S 20th Avenue, Yakima, WA 98902
- $2,500,000
- 13,300
- SqFt
Listing courtesy of Northmarq Multifamily, LLC.
- List Price
- $2,500,000
- Status
- ACTIVE
- MLS#
- 2527991
- Days on Market
- 70
- Style
- 56 - 10+ Units
- Finished SqFt
- 13,300
- Area Total SqFt
- 13300
- Annual Tax Ammount
- 17295
- Lot Size (sq ft)
- 24,167
- Sewer
- Sewer Connected
Property Description
20th Avenue Apartments is a 20-unit, all one-bedroom apartment community located in Yakima, Washington. Built in 1971, the property spans approximately 13,300 net rentable square feet across 20 units averaging 665 SF each, currently 100% occupied. The asset is offered at $2,500,000, representing a 6.29% in-place capitalization rate on $157,244 of net operating income. Current rents trail market by approximately 3.97%, providing near-term upside through standard rent growth. The property includes 32 surface parking spaces. Yakima's economy — anchored by agriculture, healthcare, and food processing — supports stable year-round housing demand, and limited new multifamily supply reinforces occupancy and rental performance in the submarket.
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Additional Information
- List Date
- 2026-05-21 17:03:16
- Community
- Yakima
- Net Operating Income
- $157,244
- Gross Adjusted Income
- $236,977
- Gross Scheduled Income
- $248,443
- Total Monthly Income
- $20,704
- Insurance Expenses
- $9,012
- Water/Sewer/Garbage Expenses
- $16,941
- Gross Rent Multiplier
- 10.9
- Total Expenses
- $79,733
- Cap Rate
- 6.29
- Vacancy Rate
- 5
- Total Number of Units
- 20
- Unit Name
- 1020
- Potential Terms
- Cash, Conventional
- Year Built
- 1971
- Roof
- Metal
- Other Expenses
- 36485
- Energy Source
- Electric
- School District
- Yakima
- Total Monthly Income
- $20,704
- Gross Scheduled Income
- $248,443
- Vacancy Rate
- 5
- Gross Adjusted Income
- $236,977
- Tax Year
- 2026
- Insurance Expense
- $9,012
- W/S/G Expenses
- $16,941
- Total Expenses
- $79,733
- Net Operating Income
- $157,244
- Gross Rent Multiplier
- 10.9
- Cap Rate
- 6.29
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.