Listing provided courtesy of Kidder MathewsNWMLSas Distributed by MLSGrid- MLS# NWM2478595MLS Provider

925 E 18th AvenueEllensburg, WA 98926

Multi-Family · 5 Beds · 31,200 Sq. ft. | 2.25 Acres
$5,200,000 Contingent

925 E 18th Avenue Overview

Visits:
5

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.

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925 E 18th Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 31,200
  • Price/Sq.ft. $167
  • Lot 2.25 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Ellensburg

Income/Expenses

  • Other Expense: 117100
  • Electric Expense: 9431
  • Fuel Expense: 9431
  • Gross Scheduled Income: 531030
  • Insurance Expense: 53000
  • Net Operating Income: 305246
  • Total Expenses: 232246
  • Total Monthly Income: 44239
  • Water/Sewer/Garbage: 9431

Building Information

  • New Construction: No
  • Year Built: 1966

Location/Region

  • Country: US
  • County Or Parish: Kittitas
  • MLS Area Major: 948 - Upper Kittitas County
  • Subdivision Name: Airport Road

Community/Development

  • Amenities: Coin Op Laundry

Tax Information

  • Tax Annual Amount: $33,853.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 184034
  • Possible Use: Commercial
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Possible: 62
  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 31200
  • Building Area Units: Square Feet
  • Calculated Square Footage: 31200
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 31200
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 92
  • Parking Uncovered Total: 92

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved, Sidewalk
  • Lot Size Acres: 2.25
  • Lot Size Dimensions: 98010
  • Lot Size Square Feet: 98010
  • Lot Size Units: Square Feet
  • Site Features: Deck, Patio, Sprinkler System
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Flat, See Remarks
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 3
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1125
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1144
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1400
  • Beds Total: 2
  • Baths Total: 1

925 E 18th Avenue Neighborhood

Community

98926 (Ellensburg) Demographics

29
Median Age
60
Population Density (per sq. mile)
47%
College Educated
$59,415
Estimated Median Income
7,489
Estimated Total Home Owners
6,362
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
2
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.

925 E 18th 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.

925 E 18th Avenue Market Data

Based on the last 30 days in this zip code

$645,851
Average List Price
$297
Average Price per Square Foot
32
Properties Sold
86
Average Days on Market
171
Properties for Sale
Calculations provided by Reliance Network