925 E 18th Avenue, Ellensburg, WA 98926

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Listing Broker: Kidder Mathews; Max Frame; ; Selling Office: ZNonMember-Office-MLS.

Sold Price
$4,500,000
List Price
$5,200,000
Status
SOLD
MLS#
2478595
Closing Date
Jul 20, 2026
Days on Market
146
Style
56 - 10+ Units
Building Condition
Good
Finished SqFt
31,200
Area Total SqFt
31200
Lot Size (sq ft)
98,010

Property Description

41-unit investment opportunity for an apartment buyer looking to plant a flag in Eastern Washington or expand their portfolio. Located across the street from Central Washington University, buyers will benefit from strong in-place rents and fully maximize their returns with renovations. Please see marketing materials. Tours will be on 2/19 & 2/25. Please reach out to Listing Broker to schedule tours.

Additional Information

List Date
2026-02-24 00:00:00
Community
Airport Road
Net Operating Income
$305,246
Gross Adjusted Income
$537,492
Gross Scheduled Income
$531,030
Total Monthly Income
$44,239
Insurance Expenses
$53,000
Water/Sewer/Garbage Expenses
$9,431
Gross Rent Multiplier
17
Total Expenses
$232,246
Cap Rate
5.9
Vacancy Rate
5
Total Number of Units
3
Unit Name
925
Potential Terms
Cash, Conventional
Year Built
1966
View
Mountains, Territorial
Roof
Flat, See Remarks
Site Features
Deck, Patio, Sprinkler System
Electric Expenses
9431
Other Expenses
117100
Energy Source
Electric
School District
Ellensburg
Total Monthly Income
$44,239
Gross Scheduled Income
$531,030
Vacancy Rate
5
Gross Adjusted Income
$537,492
Tax Year
2025
Insurance Expense
$53,000
W/S/G Expenses
$9,431
Total Expenses
$232,246
Net Operating Income
$305,246
Gross Rent Multiplier
17
Cap Rate
5.9
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.

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