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Stabilized Multifamily Investment Opportunity

1015 South 48th Avenue Yakima, WA 98908

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18-unit multifamily property in West Yakima, 100% occupied.

Type:Multifamily
Property size:
15,728 SF
Lot size:
1.54 Acres
Price / SF:
$203/SF
Added:
May 12, 2026
Days on Market:
61
Last Refresh:
Jun 28 at 8:28 pm

Property Features for 1015 South 48th Avenue

General Information

Standard status
Active
Size
15,728 SF
Lot size
1.54 Acres
Property subtype
Multifamily

Listing office RE/MAX Premier Group - Chehalis

Listing date May 12, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Premier Group - Chehalis


Investment Insights

Based on property information with market context.

The Eisenhower Complex is an 18-unit multifamily investment located in West Yakima. The property is currently 100% occupied. The offering includes a 16-unit apartment property plus a duplex, creating a two-bedroom dominant unit mix. Additional income is generated from coin-operated laundry. The property is ideally positioned near MultiCare Yakima Memorial Hospital, Yakima Valley College, Wilson Middle School, Eisenhower High School, West Valley Middle School, shopping, dining, parks, fitness centers, golf courses, wineries, and Yakima Air Terminal. The property benefits from convenient access to major healthcare, education, employment, retail, and daily service demand drivers. The combined property features R 3 zoning, approximately 1.54 total acres, approximately 15,728 total building square feet, and 36 total parking spaces including covered parking. The grounds are irrigated. The duplex includes two spacious 2-bedroom, 1-bathroom units of approximately 1,001 square feet each, with carport and driveway parking. Ownership has completed capital improvements and ongoing unit remodels. Certain 2025 reported expenses reflect non-recurring capital work. The property has stable in-place performance, a marketable unit mix, reinvestment, and a location in West Yakima.

Key Highlights

  • 100% Occupancy in a desirable West Yakima location.
  • Strong rental income exceeding 2025 reported cash basis.
  • Desirable unit mix dominated by two‑bedroom apartments.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Grocery & Convenience Store Electrical Service Garden Center Kitchen & Bath Showroom Auto Repair Shop Building Supply Bakery Computer & Electronic Repair Catering Service (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Apartment building - 18-unit multifamily property in West Yakima, 100% occupied.
Where is this apartment building located?
The property is located at 1015 South 48th Avenue Yakima, WA.
What is the asking price?
The asking price for this property is $3,199,000.
What are key features of this property?
This property features: 100% Occupancy in a desirable West Yakima location.; Strong rental income exceeding 2025 reported cash basis.; Desirable unit mix dominated by two‑bedroom apartments.
Contact an agent
(360) 269-2083 Call to check price and availability
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