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$2,500,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago

Listed by Steve Fischer | Northmarq Multifamily, LLC | (952) 356-0100 and Tyler Smith | Northmarq Multifamily, LLC | (952) 356-0100

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20th Avenue Apartments is a 20-unit, all one-bedroom apartment community located in Yakima, Washington. Built in 1971, the property spans approximately 13,300 net rentable square feet across 20 units averaging 665 SF each, currently 100% occupied. The asset is offered at $2,500,000, representing a 6.29% in-place capitalization rate on $157,244 of net operating income. Current rents trail market by approximately 3.97%, providing near-term upside through standard rent growth. The property includes 32 surface parking spaces. Yakima's economy - anchored by agriculture, healthcare, and food processing - supports stable year-round housing demand, and limited new multifamily supply reinforces occupancy and rental performance in the submarket.

Full Property Details for 1020 S 20th Ave

General

  • Price: $2,500,000
  • Taxes: $17,295 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2527991
  • Updated: 5/21/2026
  • Added to Site: 3 day(s) ago

Interior

  • Flooring: Laminate, Carpet

Parking

  • Uncovered Spaces: 32

Location

  • Area: 475 - Yakima County
  • County: Yakima
  • Subdivision: Yakima
  • Driving Directions: From I-82, take Exit 33 toward Yakima Ave. Head west on Yakima Ave for approximately 1.5 miles to S 20th Ave. Turn south on S 20th Ave; property on right at 1020 S 20th Ave.

School Information

  • High School District: Yakima

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall Unit(s)
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood
  • Foundation: Slab
  • Roof: Metal
  • Stories in Building: 2
  • Square Feet: 13,300
  • Year Built: 1971

Unit Information

  • Units in Building: 20

Lot Features

  • Lot Size (Acres): 0.5548
  • Lot Size (Sq. Ft.): 24,167
  • Lot Size Source: Yakima County
  • Lot Features: Corner Lot, Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $17,295
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 18132613429

Listed by Steve Fischer | Northmarq Multifamily, LLC | (952) 356-0100 and Tyler Smith | Northmarq Multifamily, LLC | (952) 356-0100

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Schools serving 1020 S 20th Ave

School District:Yakima School District
NameGradesDistance
Mcclure Elementary School, Yakima, WA
1222 South 22nd Avenue, Yakima, WA 98902
K-50.3 mi
Franklin Middle School
410 South 19th Avenue, Yakima, WA 98902
6-80.5 mi
Davis High School
212 South 6th Avenue, Yakima, WA 98902
9-121.2 mi
Eisenhower High School
611 South 44th Avenue, Yakima, WA 98908
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1020 S 20th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/21/2026
Listed
$2,500,000
38.89%
MLS
8/30/2022
Sold
$1,800,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1020 S 20th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,633
20%
$1,894,900
12%
2024
$14,678
34%
$1,693,700
48%
2023
$10,921
-5%
$1,140,700
9%
2022
$11,524
24%
$1,042,800
35%
2021
$9,259
-1%
$774,500
3%
2020
$9,362
3%
$754,900
12%
2018
$9,113
7%
$674,600
1%
2017
$8,539
5%
$668,600
-7%
2019
$8,119
-7%
$719,100
6%
2016
$8,776
-1%
$677,000
—
2015
$8,849
-1%
$677,000
—
2014
$8,918
—
$677,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Steve Fischer | Northmarq Multifamily, LLC | (952) 356-0100 and Tyler Smith | Northmarq Multifamily, LLC | (952) 356-0100

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1020 S 20th Avenue, Yakima, WA 98902 (MLS# 2527991) is a Multi-Family property with 20 units containing 0 bedrooms and 0 full bathrooms. 1020 S 20th Avenue is currently listed for $2,500,000 and was received on May 21, 2026. Want to learn more about 1020 S 20th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Suburban Acre Homes? You can browse all Suburban Acre Homes real estate or contact a Coldwell Banker agent to request more information.

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