Listing provided courtesy of RE/MAX Premier GroupNWMLSas Distributed by MLSGrid- MLS# NWM2521917MLS Provider

1011 1013, 1015 S 48th AvenueYakima, WA 98908

Commercial · 1.54 Acres
$3,199,000 Active

1011 1013, 1015 S 48th Avenue Overview

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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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1011 1013, 1015 S 48th Avenue Facts & Features

  • Type Commercial
  • Lot 1.54 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

Income/Expenses

  • Other Expense: 19379.31
  • Electric Expense: 1183.81
  • Gross Scheduled Income: 209398
  • Insurance Expense: 10414
  • Net Operating Income: 146742
  • Total Expenses: 62656.29
  • Water/Sewer/Garbage: 13382.69

Building Information

  • Year Built: 1996

Location/Region

  • Country: US
  • County Or Parish: Yakima
  • MLS Area Major: 475 - Yakima County
  • Subdivision Name: Yakima

Tax Information

  • Tax Annual Amount: $18,296.48
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 18132723403
  • Possible Use: Commercial
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Approximate Building Square Feet: 15728
  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 36
  • Parking Uncovered Total: 23

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 1.5372
  • Lot Size Square Feet: 66961
  • Lot Size Units: Square Feet
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Unspecified

General Information

  • Carport: No
  • Covered Spaces: 13
  • Exterior Features: Wood
  • Sewer: Sewer Connected

Unit Information

Unit 6 Details

  • Actual Rent: 1900

Unit 5 Details

  • Actual Rent: 1950

Unit 1 Details

  • Actual Rent: 1950

Unit 2 Details

  • Actual Rent: 1950

Unit 3 Details

  • Actual Rent: 4150

Unit 4 Details

  • Actual Rent: 6050

1011 1013, 1015 S 48th Avenue Neighborhood

Community

98908 (YAKIMA) Demographics

42
Median Age
374
Population Density (per sq. mile)
42%
College Educated
$67,016
Estimated Median Income
10,403
Estimated Total Home Owners
4,041
Estimated Total Renters
72% / 28%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1011 1013, 1015 S 48th Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1011 1013, 1015 S 48th Avenue Market Data

Based on the last 30 days in this zip code

$577,988
Average List Price
$264
Average Price per Square Foot
0
Properties Sold
71
Average Days on Market
21
Properties for Sale
Calculations provided by Reliance Network

1011 1013, 1015 S 48th Avenue History

Date Event Value Agent
5/12/2026Source: NWMLS Added to Database
May 12, 2026