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29-Unit Apartment Property
For Sale
Contact for pricing
Pending

305 and 309 E 3rd Ave, Ellensburg, WA 98926

Adjacent buildings offer studio and one-bedroom residences near Central Washington University.

Property SizeContact for details
Days on Market142

Property Features for 305 and 309 E 3rd Ave

General Information

Standard status Pending
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence cosmetic upgrades

Additional Details

Multifamily Units 29
Listing Agency: PTLA Real Estate Group
Listed By: David Mortensen · License #WA 71710
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 11:35AM

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 PTLA Real Estate Group

Investment Insights

Based on property information with market context.

This multifamily property comprises 29 apartments across two adjacent holdings. The larger component contains 23 units and includes an attached duplex, while a neighboring fourplex completes the configuration.

The properties are positioned south of Central Washington University in Ellensburg, Washington, with campus, shopping, and restaurants within walking distance. The unit mix includes studios and one-bedroom apartments, providing a range of smaller residential layouts within the combined apartment portfolio. The addresses are 305 and 309 E 3rd Ave, Ellensburg, WA 98926.

Key Highlights

  • 29 apartments across two adjacent properties
  • 23‑unit apartment building with an attached duplex
  • Neighboring fourplex included in the combined property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom Locksmith (Bike/Boat/Book/etc) Store Home Appliance Store Plumbing Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

29
Residential units

Location Intelligence

Trade Area within ½ mile

1,520
Businesses Nearby

Demographics for 98926, WA

32,085
Population
14,900
Households
2.2
Avg Household Size
33
Median Age
38%
College-Educated
94%
High-School Grad
938.1 sq mi
ZIP Area
34
Density / Sq Mi
$66,826
Median Household Income
$36,988
Median Earnings
$1,261
Median Rent
$425,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Adjacent buildings offer studio and one-bedroom residences near Central Washington University.
Where is this apartment building located?
The property is located at 305 and 309 E 3rd Ave Ellensburg, WA.
What are key features of this property?
This property features: 29 apartments across two adjacent properties; 23‑unit apartment building with an attached duplex; Neighboring fourplex included in the combined property
More about this property
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