This Multifamily Property is no longer advertised on LoopNet.com.

602 N 3rd St
Yakima, WA 98901
Yakima Court Apartments · Multifamily Property For Sale · 19 Units

Investment Highlights

  • In-place cap rate 8.11%
  • Turnkey exterior with fresh paint, landscape, vinyl windows, and updated roofs
  • Yakima County current vacancy rate remains at 4.1%
  • Current GRM 8.75
  • 5% additional loss to lease revenue on unit turnover
  • Rental rates continue to rise in Yakima — Up 3% YOY per CoStar

Property Facts

No. Units 19
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.83 AC
Building Size 15,065 SF
No. Stories 2
Year Built 1988
Parking Ratio 1.79/1,000 SF
Zoning R1 - Residential

Amenities

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - 720
2+1 14 - 803
3+1 1 - 950

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 191318-32434
  • 191319-34472
Land Assessment
$140,000
Improvements Assessment
$1,054,300
Total Assessment
$1,194,300
  • Listing ID: 31892204

  • Date on Market: 5/22/2024

  • Last Updated:

  • Address: 602 N 3rd St, Yakima, WA 98901

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