1408-1428 S 8th St , Yakima , WA 98901

SOLD PROPERTY

1408-1428 S 8th St,
Yakima , WA 98901

Directions

From downtown Yakima, head south on S 1st Street. Turn left onto E Lincoln Avenue, then right onto S 8th Street. Continue south to the 1400 block; the property is located between S 14th Avenue and S 15th Avenue at 1408-1428 S 8th Street.


Public Remarks

Commercial Investment & Development Opportunity: Full City Block Portfolio An exceptional opportunity to acquire a significant commercial investment portfolio encompassing an entire city block, offering immediate income with massive upside potential. This unique offering consists of 15 houses across 9 separately parceled lots, all zoned R2. Control a full city block (both sides of the street), providing unparalleled strategic positioning and unified management. Unit Mix: The properties include two 3-bedroom, 1-bath houses and thirteen 2-bedroom, 1-bath houses. Future Development Potential: The R-2 zoning on all 9 parcels allows for substantial density increase. A developer could potentially reconfigure or rebuild, maximizing the property's value by developing up to 36 units (9 parcels x 4 units). This is a rare chance for a visionary investor or developer to secure a large, contiguous footprint in a central location balancing reliable rental income with significant long-term growth through redevelopment.

PROPERTY DESCRIPTION


ADDRESS

CITY, STATE, & ZIP

UNITS

YEAR BUILT

BUILDING SF

TYPE

CONSTRUCTION

ZONING

APN

1408-1428 S 8th St,
Yakima , WA 98901

-

1920

7,530 SF

Commercial

-

AG - Agricultural; R2 - 2 Fam Res

191330-41413

OFFERING SUMMARY


SALE PRICE

PRICE PER UNIT

PRICE PER SF

CAP RATE

MARKET CAP RATE

GRM

MARKET GRM

$1,750,000

-

-

-

-

-

-

PROPERTY DESCRIPTION


ADDRESS

1408-1428 S 8th St,

CITY, STATE, & ZIP

Yakima , WA 98901

UNITS

-

YEAR BUILT

1920

BUILDING SF

7,530 SF

TYPE

Commercial

CONSTRUCTION

-

ZONING

AG - Agricultural; R2 - 2 Fam Res

APN

191330-41413

OFFERING SUMMARY


SALE PRICE

$1,750,000

PRICE PER UNIT

-

PRICE PER SF

-

CAP RATE

-

MARKET CAP RATE

-

GRM

-

MARKET GRM

-

AERIAL PHOTOS


DEMOGRAPHICS


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POPULATION

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HOUSEHOLDS

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MEDIAN AGE

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AVERAGE INCOME