78-Unit Apartment
For Sale
$2,199,900
403 W University Way, Ellensburg, WA 98926
Redevelopment building near Central Washington University with City approval and partial demolition underway.
Property Size35,240 SF
Price / SF$62.43
Days on Market70
Property Features for 403 W University Way
General Information
Standard status
Active
Size
35,240 SF
Property subtype
Multifamily
Zoning
CH
Building Details
Building Size
35,240 SF
Year Built
1967
Buildings
1
Listing Agency:
SVN Cascades
(509) 949-0860
Listed By:
Ken Davis · License #24299
(509) 949-0860
Source:
Svn
Added: Jun 23
Changed: Aug 30
Last Checked: Aug 30 at 1:16PM
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 SVN Cascades
Investment Insights
Based on property information with market context.
Located at 403 W University Way in Ellensburg, this 35,240-square-foot building is positioned near Central Washington University. Constructed in 1967, the property is zoned CH and is being repositioned for multifamily use.
City approval supports a planned 78-unit apartment configuration, while partial demolition has already begun. The existing structure provides a redevelopment framework for completing the conversion and customizing the interior for residential occupancy. Its location near the university and approved unit plan define the project’s primary characteristics.
City approval supports a planned 78-unit apartment configuration, while partial demolition has already begun. The existing structure provides a redevelopment framework for completing the conversion and customizing the interior for residential occupancy. Its location near the university and approved unit plan define the project’s primary characteristics.
Key Highlights
- 35,240 SF building at 403 W University Way, Ellensburg, WA
- City‑approved plan for 78 multifamily units
- Zoned CH
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,196
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Redevelopment building near Central Washington University with City approval and partial demolition underway.
Where is this apartment building located?
The property is located at 403 W University Way Ellensburg, WA.
What is the asking price?
The asking price for this property is $2,199,900.
What are key features of this property?
This property features: 35,240 SF building at 403 W University Way, Ellensburg, WA; City‑approved plan for 78 multifamily units; Zoned CH
