12-Unit Apartment
New
For Sale
$1,300,000
418 S 13th Street, Sunnyside, WA 98944
The unit mix combines one- and two-bedroom residences with shared coin-operated laundry.
Property Size9,784 SF
Lot Size0.32 Acres
Price / SF$132.87
Days on Market2
Property Features for 418 S 13th Street
General Information
Standard status
Active
Size
9,784 SF
Lot size
0.32 Acres
Property subtype
Multi-Family
Zoning
Professional Business
Units
Unit Mix
10 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
12
Amenities
coin-operated laundry
Building Details
Year Built
1973
Listing Agency:
Kw Palouse
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:48AM
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 Kw Palouse
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Investment Insights
Based on property information with market context.
This 12-unit apartment property in Sunnyside contains 9,784 square feet on a .32-acre lot and was built in 1973. The layout includes ten two-bedroom, one-bathroom apartments and two one-bedroom, one-bathroom apartments. Each residence is equipped with a range/oven and refrigerator, and coin-operated washers and dryers serve tenants. A dedicated parking lot is also part of the property.
The site is zoned Professional Business. The apartment complex is offered for sale; a nearby vacant lot is being marketed separately and is not included in this description.
The site is zoned Professional Business. The apartment complex is offered for sale; a nearby vacant lot is being marketed separately and is not included in this description.
Key Highlights
- 12 apartments: ten 2‑bedroom, 1‑bathroom units and two 1‑bedroom, 1‑bathroom units
- 9,784 square feet of building area on a .32‑acre lot
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,620
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,912,400
$1.9M
Cap Rate 7%
$1,366,000
$1.4M
Cap Rate 9%
$1,062,444
$1.1M
Market Conditions
NOI Build-Up for 9,784 SF
Gross rent
$186.7K $19.08/SF
− Vacancy
−$12.8K −$1.31/SF
EGI
$173.9K $17.77/SF
− OpEx
−$78.2K −$8.00/SF
NOI
$95.6K $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%
$1,912,400
Cap Rate 7%
$1,366,000
Cap Rate 9%
$1,062,444
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.59M
NOI $95,620 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,083 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
789
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix combines one- and two-bedroom residences with shared coin-operated laundry.
Where is this apartment building located?
The property is located at 418 S 13th Street Sunnyside, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 12 apartments: ten 2‑bedroom, 1‑bathroom units and two 1‑bedroom, 1‑bathroom units; 9,784 square feet of building area on a .32‑acre lot; Built in 1973
