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1011-1015 S 48th Ave
Yakima, WA 98908 Yakima

$3,199,000 USD

Apartments For Sale • 15,723 SF

Property Details

Property Type Apartments
Total Building Size 15,723 SF
Lot Size 1.54 AC
Building Class C
Year Built 1992
Cap Rate 4.59 %
Zoning R3

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Stabilized 18 unit multifamily asset in an established West Yakima rental corridor
                            
                                100% occupied with current scheduled rent exceeding 2025 reported rental income
                            
                                Two bedroom dominant unit mix across a 16 unit apartment property plus duplex
                            
                                Approximately 1.54 acres, R 3 zoning, 36 parking spaces, covered parking, and irrigated grounds
                            
                                Meaningful capital improvements and ongoing unit remodels, with proximity to major healthcare, education, employment, and retail demand drivers

Property Flyers

Marketing Brochure Eisenhower Complex

Financial Summary (Actual)

Net Operating Income: $146,742 USD (2025)

Cap Rate:	4.59 %
Total Expenses:	$62,656 USD

Amenities

Air Conditioning
Laundry Facilities
Storage Space
Washer/Dryer
Carpet
Yard

Public Transportation

Airport	Drive	Walk	Distance
Yakima Air Trml/McAllister Field	5 min	-	2.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	25
Type:	Surface
Included in Rent:	Yes

Israel Jimenez 360-269-2083 Re/max Premier Group

1011-1015 S 48th Ave Yakima, WA 98908 Yakima