12-Unit Apartment
For Sale
$960,000
216 S 6th St, Sunnyside, WA 98944
Residents have access to coin-operated laundry and a dedicated parking lot.
Property Size5,824 SF
Lot Size0.20 Acres
Price / SF$164.84
Days on Market15
Property Features for 216 S 6th St
General Information
Standard status
Active
Size
5,824 SF
Lot size
0.20 Acres
Property subtype
Residential Income
Zoning
B3
Units
Unit Mix
2 x studio, 10 x 1BR/1BA
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$4,787
Amenities
range/oven
refrigerator
electric wall air conditioning
coin-operated laundry facilities
dedicated parking lot
Listing Agency:
Century 21-Tri-Cities
(509) 572-2456
Listed By:
GEOFF BOWLSBY · License #30766
(509) 840-2814
Source:
Exprealty
Added: Oct 19
Changed: Oct 31
Last Checked: Nov 1 at 8:40AM
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 Century 21-Tri-Cities
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Investment Insights
Based on property information with market context.
This 5,824-square-foot apartment property in Sunnyside contains 12 rental units on a 0.20-acre lot. The mix includes two studio apartments with bathrooms and ten one-bedroom, one-bathroom apartments. Each residence is equipped with a range/oven, refrigerator, and electric wall air conditioning. Shared amenities include coin-operated laundry and a dedicated parking area for residents.
The property is zoned B3. Its unit mix, in-unit appliances, laundry facility, and on-site parking are existing features of the apartment complex.
The property is zoned B3. Its unit mix, in-unit appliances, laundry facility, and on-site parking are existing features of the apartment complex.
Key Highlights
- 12 rental units: two studios and ten one‑bedroom, one‑bathroom apartments
- 5,824 square feet of building area on a 0.20‑acre lot
- Each unit has a range/oven, refrigerator, and electric wall air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,918
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,360
$1.1M
Cap Rate 7%
$813,114
$813.1K
Cap Rate 9%
$632,422
$632.4K
Market Conditions
NOI Build-Up for 5,824 SF
Gross rent
$111.1K $19.08/SF
− Vacancy
−$7.6K −$1.31/SF
EGI
$103.5K $17.77/SF
− OpEx
−$46.6K −$8.00/SF
NOI
$56.9K $9.77/SF
Area
Yakima County, WA
Vacancy
6.87%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,360
Cap Rate 7%
$813,114
Cap Rate 9%
$632,422
Alternative Uses
Best Use
Apartment 5plus
$813.1K
$711.5K – $948.6K
NOI $56,918 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,790 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
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Business Placement
Demographics for 98944, WA
22,412
Population
6,806
Households
3.3
Avg Household Size
29
Median Age
9%
College-Educated
59%
High-School Grad
544.6 sq mi
ZIP Area
41
Density / Sq Mi
$60,167
Median Household Income
$30,948
Median Earnings
$959
Median Rent
$230,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to coin-operated laundry and a dedicated parking lot.
Where is this apartment building located?
The property is located at 216 S 6th St Sunnyside, WA.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: 12 rental units: two studios and ten one‑bedroom, one‑bathroom apartments; 5,824 square feet of building area on a 0.20‑acre lot; Each unit has a range/oven, refrigerator, and electric wall air conditioning
