Log In/Sign Up
Your email has been sent.
1518-1520 Roosevelt Ave 6 Unit Apartment Building $580,000 ($96,667/Unit) 6.50% Cap Rate Yakima, WA 98902
Executive Summary
Value add multifamily opportunity consisting of two triplexes on separate parcels with six total units, all 1 bed / 1 bath. The property is currently cash flowing with below-market rents, offering strong upside through rent increases. Features include separate electric meters, a communal laundry room, low-maintenance courtyard landscaping, and six dedicated parking stalls plus off-street parking. Professionally managed and suitable for an owner-occupant or investor seeking stable income with appreciation potential.
Property Facts
| Price | $580,000 | Apartment Style | Low-Rise |
| Price Per Unit | $96,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.50% | Building Size | 3,750 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Zoning | R1 | ||
| Price | $580,000 |
| Price Per Unit | $96,667 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Sale Condition | High Vacancy Property |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,750 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1985 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | R1 |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $750.00 | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $347,600 | |
| Land Assessment | $138,600 | Total Assessment | $486,200 |
Property Taxes
Parcel Numbers
Land Assessment
$138,600
Improvements Assessment
$347,600
Total Assessment
$486,200
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
1518-1520 Roosevelt Ave