20th Avenue Apartments 1020 S 20th Ave Immeuble residentiel 20 lots 2 190 550 € (109 527 €/Lot) Taux de capitalisation 6,29 % Yakima, WA 98902

Northmarq is pleased to present 20th Avenue Apartments, a 20-unit multifamily apartment community located in Yakima, Washington. Built in 1971, the property spans approximately 13,300 net rentable square feet and consists entirely of one-bedroom residences, averaging 665 SF per unit. The community is currently 100% occupied and includes 32 surface parking spaces, supporting strong tenant convenience and stable leasing performance.
The property is being offered at $2.5 million, representing a 6.29% capitalization rate based on $157,244 in net operating income. It provides immediate in-place cash flow, with additional upside potential as current rents are approximately 3.97% below market, allowing for future income growth through strategic rent adjustments.
Yakima, Washington serves as one of Central Washington’s primary agricultural hubs, with a local economy driven by apple, hop, and wine production along with supporting industries in food processing, logistics, healthcare, and public services. These employment sectors provide a stable, year-round tenant base and support consistent demand for workforce housing. Limited new multifamily development further reinforces occupancy stability and rental resilience in the submarket.