1011 1013, 1015 s 48th Avenue Yakima, WA $ 3,199,000
1011 1013, 1015 s 48th Avenue
$ 3,199,000
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1011 1013, 1015 s 48th Avenue

Yakima, WA, 98908
$ 3,199,000
Baths0.0 Sq 15,728

Monthly Estimate*

$ 19,697

Listed by RE/MAX Premier Group
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Studio

Multi-Family Home for sale in Yakima, WA

for $3,199,000. This 15,728 square foot home was built in 1996 on a lot size of 1.5372.

The Eisenhower Complex is a stabilized 18 unit multifamily investment located in one of West Yakima’s most established rental corridors. The offering includes a 16 unit apartment property plus a duplex, creating a two bed dominant unit mix with broad renter appeal. The property is currently 100% occupied, w/current scheduled rent exceeding '25 reported rental income and additional income generated from coin op laundry. Positioned near MultiCare Yakima Memorial Hospital, Yakima Valley College, Wilson & West Valley Middle School, Eisenhower High School, shopping, dining, parks, gyms, golf courses & Yakima Air Terminal, the property benefits from convenient access to major healthcare, education, employment, retail, & daily service demand drivers. The combined property features ~1.54 total acres, ~15,728 total building SqFt, 36 total parking spaces including covered parking & irrigated grounds. The duplex includes two spacious 2 bed, 1 bath units ~1k SqFt each, w/carport & driveway parking. Ownership has completed meaningful capital improvements & ongoing unit remodels, supporting tenant appeal, durability, & rental desirability. Certain expenses reflect non recurring capital work, creating upside when evaluating normalized operations. W/stable in place performance, scheduled rent above '25 income, a marketable unit mix, meaningful reinvestment, & a strong West Yakima location, the Eisenhower Complex represents a well maintained, strategically positioned investment opportunity.

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Multi-Family Active

Price

$ 3,199,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 18,296

Style

10+ Units

Lot Size

1.5372

Year Built

1996

Town/City

Yakima

County/Region

Yakima

MLS | Web ID

2521913

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Furnace
Cooling See Remarks
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1996
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Yakima
Net Operating Income 146742
Insurance Expense 10414
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Yakima
Possible Use Commercial
Special Listing Conditions None
Status Active
Directions From Nob Hill Blvd Go North on 48th Ave after third building take a right onto a private drive to the apartments.
High School Eisenhower High
City Yakima
Senior Community Y/N N
High School District Yakima
Zoning Description Commercial
Number Of Units Total 6
MLS Area 475 - Yakima County
Lot Size Units Square Feet
Lot Size Square Feet 66961
Carport Spaces 13
Carport Y/N N
Listing Terms Cash Conventional See Remarks
Elementary School Mcclure Elem
Tax Annual Amount 18296.48
Electric Expense 1183.81
Fuel Expense 0
Public Remarks The Eisenhower Complex is a stabilized 18 unit multifamily investment located in one of West Yakimas most established rental corridors. The offering includes a 16 unit apartment property plus a duple
Leasable Area 15468
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry Storage
Water Company Nob Hill Water Association
Units Below Grade false
Units In Building Total 34
Water Sewer Garbage 13382.69
Property Style 56 - 10+ Units
Cap Rate 4.58
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Exterior
Exterior Amenities Wood
Water Source Public
Total Parking 36
Foundation Details Poured Concrete
Building Area Total 15728
Lot Size Acres 1.5372
Waterfront Y/N N
Covered Spaces 13
Irrigation Water Rights Y/N N
Site Features Outbuildings Patio Sprinkler System
Parking Uncovered Total 23
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Interior
Flooring Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2521913
Street Number 1 1011
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* Excluded Features
List By
Israel Jimenez

Listing Agent

Re/Max Premier Group

Broker

Affordability Calculator

$21,221
Per Month
93%
7%
0%
Monthly Principal & Interest
$19,697
Monthly Property Taxes
$1,525
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5468634 Elementary School
257510 Middle School
Eisenhower High High School
Pricing History
DatePricePrice ChangeDescription
5/12/2026$3,199,000 Listed Price

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1011 1013, 1015 s 48th Avenue, Yakima, WA, 98908 is a Multi-Family Home for sale at $3,199,000 with 15,728 sqft and a lot size of 1.5372. 1011 1013, 1015 s 48th Avenue is a studio with 0.0 baths and was built in 1996. The property's zip code is 98908 which is in Yakima, WA