10-Unit Apartment
For Sale
$650,000
Pending
301 E Edison Avenue, Sunnyside, WA 98944
Residential Income, Sunnyside, WA
Property Size4,950 SF
Lot Size0.51 Acres
Days on Market26
Property Features for 301 E Edison Avenue
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
SINGLE FAMILY R
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bedroom 8, Bedroom 1, Bedroom 9, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 10, Bathroom 5, Bathroom 2, Bathroom 4, Bedroom 6, Bathroom 6, Bedroom 7, Bedroom 5, Bedroom 11, Bathroom 1
Lot features
Loc in City Limits
Directions
E Edison
Standard status
Pending
APN
22102532468 and 221025324
Size
4,950 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4769
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Electric, Window Unit(s)
Water source
Public
Building Details
Year built
1952
Number of units
10
Building materials
Block
Roof type
Metal
Listing Agency:
John L Scott Sunnyside
(509) 515-0190
Listed By:
Gina Gamboa · License #13951
(509) 840-3479
Added: Sep 16
Changed: Oct 9
Last Checked: Oct 11 at 2:06PM
MLS# 296485
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10-unit apartment property contains 4,950 square feet, with nine one-bedroom units and one two-bedroom unit. The building dates to 1952 and occupies a 0.51-acre lot. Each apartment has one designated parking space, with street parking also available. The property is zoned SINGLE FAMILY R.
Plumbing work completed in 2016 replaced the main sewer line and the fresh-water lines from the city main to the units. Each apartment has its own drain and separate shutoff valves. The property is near a park, stores, and entertainment in Sunnyside.
Plumbing work completed in 2016 replaced the main sewer line and the fresh-water lines from the city main to the units. Each apartment has its own drain and separate shutoff valves. The property is near a park, stores, and entertainment in Sunnyside.
Key Highlights
- 10 apartments: nine one‑bedroom units and one two‑bedroom unit
- 4,950 square feet on a 0.51‑acre lot
- One parking space per unit, plus street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,377
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,540
$967.5K
Cap Rate 7%
$691,100
$691.1K
Cap Rate 9%
$537,522
$537.5K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$94.4K $19.08/SF
− Vacancy
−$6.5K −$1.31/SF
EGI
$88.0K $17.77/SF
− OpEx
−$39.6K −$8.00/SF
NOI
$48.4K $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%
$967,540
Cap Rate 7%
$691,100
Cap Rate 9%
$537,522
Alternative Uses
Best Use
Apartment 5plus
$691.1K
$604.7K – $806.3K
NOI $48,377 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$879.6K – $1.17M
NOI $70,366 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix comprises nine one-bedroom apartments and one two-bedroom apartment.
Where is this apartment building located?
The property is located at 301 E Edison Avenue Sunnyside, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 10 apartments: nine one‑bedroom units and one two‑bedroom unit; 4,950 square feet on a 0.51‑acre lot; One parking space per unit, plus street parking
