1020 S 20th Avenue, Yakima, WA 98902

Yakima
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: steve fischer, tyler smith
Office: northmarq multifamily, llc.
MLS#:2527991
Source:NWMLS
1020 S 20th Avenue,Yakima, WA 98902
$2,500,000
  • - Beds
  • - Baths
  • 13,300 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,500,000
  • Price per sq. ft.:$187.97

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.

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Home facts

  • Year built:1971
  • Listing ID #:2527991
  • Updated:May 27, 2026 at 10:43 AM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:13,300 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Metal
  • Year built:1971
  • Building area:13,300 sq. ft.
  • Lot area:0.55 Acres
  • Lot Features:Corner, Paved, Sidewalk
  • Construction Materials:Wood Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,500,000
  • Price per sq. ft.:$187.97
  • Tax amount:$17,295 (2026)

Parking

  • Total parking spaces:32
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