About 1020 S 20th Avenue
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.
Features of 1020 S 20th Avenue
| MLS® # | 2527991 |
|---|---|
| Price | $2,500,000 |
| Square Footage | 13,300 |
| Acres | 0.55 |
| Year Built | 1971 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1020 S 20th Avenue |
|---|---|
| Area | 475 - Yakima County |
| Subdivision | Yakima |
| City | Yakima |
| County | Yakima |
| State | WA |
| Zip Code | 98902 |
Amenities
| Parking Spaces | 32 |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Corner Lot, Paved, Sidewalk |
| Foundation | Slab |
School Information
| District | Yakima |
|---|
Additional Information
| Date Listed | May 21st, 2026 |
|---|---|
| Days on Market | 98 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Northmarq Multifamily, LLC |
|---|