About this home

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.

Exterior features

Wood

Property details

Heating: Baseboard
Cooling: Wall Unit(s)
Flooring: Laminate, Carpet
Lot: Corner Lot, Paved, Sidewalk
Water source: Public
Sewer: Sewer Connected

Costs

Annual taxes: $17,295 (2026)

Estimate your monthly payment

$14,083/mo

Principal & interest: $12,641
Property taxes: $1,441

Down payment (20%) $500,000 Interest rate (%) Loan term (years)

Loan amount $2,000,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Yakima, WA 98902

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Northmarq Multifamily, LLC— Steve Fischer.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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