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Carriage Park Apts. 3700 Carriage Park Ln 8 Unit Apartment Building $1,475,000 ($184,375/Unit) Yakima, WA 98902
Investment Highlights
- Desirable unit mix: 50% 1-bedroom/1-bath units and 50% townhouse-style 2-bedroom/2-bath units
- Recent capital improvements include a new roof and fresh exterior paint
- Exceptionally well maintained with evident pride of ownership throughout
- Townhouse units feature sweeping territorial views and oversized garages
- Attractive amenities: gas fireplaces and durable, low-maintenance Hardi-plank siding
- Current rents are approximately 18% below market, offering clear upside potential
Executive Summary
THIS OFFERING presents the opportunity to acquire two exceptional West Yakima four-plex properties
for a total of 8 units. This is a rare opportunity to own two well-constructed properties featuring a 50/50
mix of 1-bedroom, 1-bathroom units and townhouse-style 2-bedroom, 2-bath units with sweeping
territorial views and oversized garages in west Yakima.
The property has recently received a new roof and fresh exterior paint, and includes attractive
amenities such as gas fireplaces and durable, low-maintenance Hardi-plank siding. It has been
exceptionally well maintained and reflects clear pride of ownership.
Current rents are approximately 18% below market, creating a compelling value-add opportunity.
Seven of the eight units are on month-to-month leases, with the remaining lease expiring August 2026,
providing flexibility for repositioning and rental adjustments.
A clean, low-maintenance asset located in one of West Yakima’s most desirable rental corridors. The
neighboring four-plex at 3700 Carriage Park is also part of this package sale. Buyer can likely obtain
residential financing as opposed to commercial financing providing for a higher LTV as these are two
separate four-unit tax parcels.
for a total of 8 units. This is a rare opportunity to own two well-constructed properties featuring a 50/50
mix of 1-bedroom, 1-bathroom units and townhouse-style 2-bedroom, 2-bath units with sweeping
territorial views and oversized garages in west Yakima.
The property has recently received a new roof and fresh exterior paint, and includes attractive
amenities such as gas fireplaces and durable, low-maintenance Hardi-plank siding. It has been
exceptionally well maintained and reflects clear pride of ownership.
Current rents are approximately 18% below market, creating a compelling value-add opportunity.
Seven of the eight units are on month-to-month leases, with the remaining lease expiring August 2026,
providing flexibility for repositioning and rental adjustments.
A clean, low-maintenance asset located in one of West Yakima’s most desirable rental corridors. The
neighboring four-plex at 3700 Carriage Park is also part of this package sale. Buyer can likely obtain
residential financing as opposed to commercial financing providing for a higher LTV as these are two
separate four-unit tax parcels.
Property Facts
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Heating
- Kitchen
- Views
- Deck
- Family Room
- Vinyl Flooring
- Wet Bar
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $937.50 | 725 - 859 |
| 2+2 | 4 | $1,505 | 859 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $946,600 | |
| Land Assessment | $68,100 | Total Assessment | $1,014,700 |
Property Taxes
Parcel Numbers
Land Assessment
$68,100
Improvements Assessment
$946,600
Total Assessment
$1,014,700
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Carriage Park Apts. | 3700 Carriage Park Ln
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