1007 Grandridge Road, Grandview, WA 98930

Building Details

Year Built

2025

Listing office Paragon Group

Listing date Jun 18, 2026

Source Crexi

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Overview

Grandridge Meadows is a boutique, newly constructed multifamily property featuring sixteen 2-bedroom, 2-bath units. Each unit is described as averaging over 960 square feet and offering efficient layouts with modern finishes and durable construction. The site includes included land and excess space intended to provide room for future scale, with the property’s configuration described as capable of accommodating up to 30 additional units under the current zoning.

The property is located at 1007 Grandridge Road in Grandview, Washington, and is positioned centrally near schools, retail centers, and city services. The remarks also note monument signage and a polished exterior design intended to support visibility.

For buyers, the offering is presented with underwriting metrics of a 6.76% in-place cap rate and a 7.03% proforma cap rate, along with an in-place rent level described as supported by market rents of $1,885 per unit plus additional RUBS income and lean expenses. As a result, the asset may appeal to operators seeking a new-construction multifamily base while retaining an outlined pathway for future expansion on-site.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Grandview

County

Yakima

State

Washington

Longitude

-119.9041812

Latitude

46.2457335

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FAQs

What type of property is this?

Apartment building - Newly built 16-unit apartment community with excess land that may support additional units under current zoning.

Where is this apartment building located?

The property is located at 1007 Grandridge Road Grandview, WA.

What is the asking price?

The asking price for this property is $4,300,000.

What are key features of this property?

This property features: Newly built 16‑unit multifamily at 1007 Grandridge Road in Grandview, Washington (Year Built: 2025); Unit mix: sixteen 2 bed/2 bath apartments, each averaging over 960 SF; Stated in‑place cap rate: 6.76%; stated pro forma cap rate: 7.03%