18-Unit Apartment
New
For Sale
$1,400,000
540 Madison, Tekoa, WA 99033
Senior housing community with on-site laundry, a clubhouse, storage space, and a long-term HUD HAP contract.
Property Size17,754 SF
Lot Size3.30 Acres
Price / SF$78.86
Days on Market5
Property Features for 540 Madison
General Information
Standard status
Active
Size
17,754 SF
Lot size
3.30 Acres
Property subtype
Multi Family Home
Net Operating Income
$116,342
Financials
Cap Rate
8.31%
Gross Income
$266,256
Additional Details
Multifamily Units
18
Amenities
on-site laundry facilities
clubhouse
storage space
Garage: Assigned
Garage Spaces: 0
Assigned
Building Details
Year Built
1982
Listing Agency:
LT Real Estate
(509) 315-8720
Listed By:
Ryan Towner · License #24027253
Source:
Clearwaterproperties
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 17 at 12:49PM
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 LT Real Estate
Investment Insights
Based on property information with market context.
This 18-unit apartment property in Tekoa, Washington, encompasses 17,754 square feet of building area on 3.30 acres. Constructed in 1982, the community includes on-site laundry facilities, a clubhouse, and storage space for residents.
The property operates as project-based Section 8 senior housing, with all units covered by a long-term HUD Housing Assistance Payments contract. The contract structure supports continued participation in an established affordability program and provides a defined framework for rental operations.
The property operates as project-based Section 8 senior housing, with all units covered by a long-term HUD Housing Assistance Payments contract. The contract structure supports continued participation in an established affordability program and provides a defined framework for rental operations.
Key Highlights
- 18‑unit apartment property on 3.30 acres
- 17,754 SF of building space
- Built in 1982
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 99033, WA
954
Population
433
Households
2.2
Avg Household Size
50
Median Age
26%
College-Educated
92%
High-School Grad
39.6 sq mi
ZIP Area
24
Density / Sq Mi
$56,667
Median Household Income
$35,865
Median Earnings
$805
Median Rent
$271,900
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 - Senior housing community with on-site laundry, a clubhouse, storage space, and a long-term HUD HAP contract.
Where is this apartment building located?
The property is located at 540 Madison Tekoa, WA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 18‑unit apartment property on 3.30 acres; 17,754 SF of building space; Built in 1982
