One-Bedroom Multifamily Apartment
1020 South 20th Avenue Yakima, WA 98902
For Sale
$2,500,000
20-unit apartment community with one-bedroom units and 32 surface parking spaces, built in 1971.
Property Size13,300 SF
Price / SF$187.97
Days on Market76
Property Features for 1020 South 20th Avenue
General Information
- Standard status
- Active
- Size
- 13,300 SF
- Property subtype
- Multi Family / Apartment
Building Details
- Year Built
- 1971
Listing Agency:
Almon Commercial-Residential Real Estate
(509) 966-3800
Listed By:
Bill Almon, Jr · License #17047
(509) 966-3800
Source:
Compass
Added: May 10
Changed: Jul 23
Last Checked: Jul 24 at 2:47PM
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 Almon Commercial-Residential Real Estate
Investment Insights
Based on property information with market context.
20th Avenue Apartments is a 20-unit multifamily apartment community built in 1971. The property consists entirely of one-bedroom residences averaging about 665 square feet, totaling approximately 13,300 net rentable square feet. The community is currently 100% occupied and includes 32 surface parking spaces for tenant convenience.
Located at 1020 South 20th Avenue in Yakima, Washington, the property is being offered for sale. Public remarks note 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.
Located at 1020 South 20th Avenue in Yakima, Washington, the property is being offered for sale. Public remarks note 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.
Key Highlights
- 20‑unit multifamily apartment community in Yakima, WA, built in 1971
- Approximately 13,300 net rentable SF; all units are 1‑bedroom averaging 665 SF
- Currently 100% occupied
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $253.8k | $19.08 |
| − Vacancy | −$17.4k | −$1.31 |
| EGI | $236.3k | $17.77 |
| − OpEx | −$106.3k | −$8.00 |
| NOI | $130.0k | $9.77 |
13,300 SF · lease $19.08/SF/yr · vacancy 6.87% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.62M – $2.17M
NOI $129,982 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $189,064 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Alliance Property Management
Property Management Company
FAQs
What type of property is this?
Apartment building - 20-unit apartment community with one-bedroom units and 32 surface parking spaces, built in 1971.
Where is this apartment building located?
The property is located at 1020 South 20th Avenue Yakima, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 20‑unit multifamily apartment community in Yakima, WA, built in 1971; Approximately 13,300 net rentable SF; all units are 1‑bedroom averaging 665 SF; Currently 100% occupied
