1800 Evergreen Street, Walla Walla, WA 99362
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: max frame
Office: kidder mathews
MLS#:2545681
Source:NWMLS
Price summary
- Price:$5,300,000
- Price per sq. ft.:$157.03
About this home
Suncrest Apartments presents a rare opportunity to acquire a 45-unit apartment community in the highly desired Walla Walla market. Located at 1800 Evergreen Street, the property sits on 1.72 acres across 6 buildings and features an attractive unit mix with 39 two-bedroom units, 4 one-bedroom units, 1 studio, and 1 four-bedroom unit. The property has been well maintained and includes 64 parking stalls, owned coin-operated laundry, air conditioning in all units, and a parking lot repaved in 2025. Offered for the first time in 44 years, Suncrest provides strong in-place cash flow with meaningful value-add upside through continued rent growth, interior renovations, and exterior/common-area improvements. Current operations reflect a 6.42% in-place cap rate, with projected upside to a 6.80% market cap rate and 9.31% renovated cap rate. The property is centrally located near Whitman College, Walla Walla Community College, Downtown Walla Walla, Eastgate Shopping Center, Pioneer Park, Providence Hospital, and the Walla Walla Regional Airport. Suncrest is one of the few apartment communities of scale available in Eastern Washington, offering investors a well-located asset with stable operations, a favorable unit mix, and a clear path to increased income through modernization and rent repositioning....
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Home facts
- Year built:1969
- Subdivision & Development:Ayer
- Listing ID #:2545681
- Updated:September 29, 2026 at 09:40 AM
Rooms and interior
- Flooring:Vinyl Plank
- Living area:33,751 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition, Flat Roof
- Year built:1969
- Building area:33,751 sq. ft.
- Lot area:1.72 Acres
- Lot Features:Sidewalk
- Construction Materials:Wood Exterior Finish
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$5,300,000
- Price per sq. ft.:$157.03
- Tax amount:$21,770 (2026)
Parking
- Total parking spaces:92
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