1403 S 18th Avenue, Yakima, WA 98902
- $3,100,000
- 18,722
- SqFt
Listing courtesy of Kidder Mathews.
- List Price
- $3,100,000
- Status
- ACTIVE
- MLS#
- 2581901
- Days on Market
- 1
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 18,722
- Area Total SqFt
- 18722
- Annual Tax Ammount
- 19722
- Lot Size (sq ft)
- 62,726
- Sewer
- Sewer Connected
Property Description
Yakima 23 Unit offers investors the opportunity to acquire a well-maintained, 23-unit multifamily community located at 1403–1407 S 18th Ave in Yakima. The property consists of eight residential buildings on approximately 62,726 SF with a mix of apartments, duplexes, and townhomes. The unit mix includes 12 two-bedroom/one-bath units, three two-bedroom/one-bath units with in-unit laundry, and eight two-bedroom/1.5-bath townhomes. The property features 38 parking spaces, including 14 covered, shared and in-unit laundry, updated double-pane windows, and individually metered electricity. Four duplex roofs were replaced in 2025 and the triplex roof in 2021. Current rents are within approximately 3% of market, providing additional upside through interior and exterior improvements. Centrally located near schools, major employers, shopping, parks, Yakima Valley College, Perry Technical Institute, and Yakima Memorial Hospital. Offered at $3,100,000.
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Additional Information
- List Date
- 2026-09-12 03:13:12
- Community
- Yakima
- Net Operating Income
- $211,147
- Gross Adjusted Income
- $323,920
- Gross Scheduled Income
- $303,310
- Total Monthly Income
- $28,152
- Insurance Expenses
- $11,818
- Water/Sewer/Garbage Expenses
- $8,846
- Gross Rent Multiplier
- 14
- Total Expenses
- $112,773
- Cap Rate
- 6.8
- Total Number of Units
- 3
- Unit Name
- 1403
- Potential Terms
- Cash, Conventional
- Year Built
- 1976
- View
- City
- Roof
- Composition
- Electric Expenses
- 8845
- Other Expenses
- 54697
- Energy Source
- Electric
- School District
- Yakima
- Total Monthly Income
- $28,152
- Gross Scheduled Income
- $303,310
- Gross Adjusted Income
- $323,920
- Tax Year
- 2026
- Insurance Expense
- $11,818
- W/S/G Expenses
- $8,846
- Total Expenses
- $112,773
- Net Operating Income
- $211,147
- Gross Rent Multiplier
- 14
- Cap Rate
- 6.8
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.