9 N 9th Street, Yakima, WA 98901
- $13,000,000
Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
- List Price
- $13,000,000
- Status
- ACTIVE
- MLS#
- 2597894
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Annual Tax Ammount
- 85324
- Lot Size (sq ft)
- 216,929
- Sewer
- Sewer Connected
- Bank Owned
- Yes
Property Description
Kidder Mathews is pleased to present 9 North Apartments, a fully renovated 183-unit apartment community located in the heart of Yakima, Washington. Built in 1977 and extensively renovated in 2023, the property consists of four three-story buildings situated on approximately 4.98 acres. The community features a desirable mix of studio apartments, all with updated interiors including luxury vinyl plank flooring, quartz countertops, modern cabinetry, and air conditioning. Residents enjoy a gated community with amenities including a swimming pool, landscaped courtyard, on-site management, shared laundry facilities, and 215 parking spaces. Conveniently located near downtown Yakima, the property offers easy access to major employers, shopping, restaurants, schools, and entertainment. In addition to the residential units, 9 North includes approximately 15,000 square feet of vacant commercial space, providing a unique value-add opportunity for future income generation or potential redevelopment. With significant capital improvements already completed, attractive pricing, and additional upside through continued lease-up and commercial repositioning, 9 North presents a compelling investment opportunity in the Yakima multifamily market.
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Additional Information
- Community
- Yakima
- Net Operating Income
- $796,863
- Gross Adjusted Income
- $1,703,080
- Gross Scheduled Income
- $2,049,259
- Total Monthly Income
- $170,739
- Insurance Expenses
- $65,000
- Water/Sewer/Garbage Expenses
- $53,326
- Gross Rent Multiplier
- 16
- Total Expenses
- $906,217
- Cap Rate
- 6.1
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 9
- Potential Terms
- Cash, Conventional
- Year Built
- 1977
- View
- City
- Roof
- Flat
- Electric Expenses
- 53326
- Other Expenses
- 595914
- Energy Source
- Electric
- School District
- Yakima
- Total Monthly Income
- $170,739
- Gross Scheduled Income
- $2,049,259
- Vacancy Rate
- 5
- Gross Adjusted Income
- $1,703,080
- Tax Year
- 2026
- Insurance Expense
- $65,000
- W/S/G Expenses
- $53,326
- Total Expenses
- $906,217
- Net Operating Income
- $796,863
- Gross Rent Multiplier
- 16
- Cap Rate
- 6.1
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.