1020 S 20th Ave

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Address: 1020 S 20th Ave, Yakima, WA 98902, USA
Seattle & Northwest + Apartment Buildings
Created date: May 7, 2026
Date last updated: September 17, 2026
Price: $2,500,000Investment Analyzer NEW!
  • Rent Growth Potential: Rents are approximately 3.97% below market, providing near-term income growth
  • potential.
  • Attractive Yield: Offered at a 6.29% capitalization rate, supported by $157,244 NOI.
  • Stabilized Occupancy: 100% occupied, reflecting strong tenant demand and operational stability.
  • Efficient Unit Mix: All one-bedroom units averaging 665 SF, appealing to consistent renter demand.
  • Well-Located Asset: Situated in Yakima, WA, a market with steady housing demand fundamentals.
  • Strong Scale Efficiency: 13,300 net rentable square feet across 20 units.
  • On-Site Parking: Includes 32 surface parking spaces, enhancing tenant convenience and retention.

Property Description

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 665SF. 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 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.
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Broker Details

Bill Almon, Jr.
Bill Almon, Jr.

Almon Commercial Real Estate 509-966-3800

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,500,000
No. of Units: 20
Year Built: 1971
Lot Size: 0.55 Acres
Opportunity Zone: No
Price per unit: $125,000
Property Website Click Here
Address: 1020 S 20th Ave, Yakima, WA 98902, USA
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