The Agate

403 W University Way, Ellensburg, WA 98926

Property Information

  • For Sale $2,199,900
  • Property Type Multi-Family
  • Property Size 35,240 SF
  • Units 78
  • Lot Size 2.07 Acre
  • Year Built 1967
  • Date Updated Jun 26, 2026

Description

Nestled in the heart of Ellensburg, this vibrant area offers a blend of urban convenience and small-town charm, making it an ideal location for a multifamily/high-rise investment. Enjoy the energy and vitality of the community, with nearby attractions such as Central Washington University, the Kittitas County Historical Museum, and the charming downtown district boasting a variety of dining and entertainment options. Outdoor enthusiasts will appreciate the proximity to natural wonders like the scenic Manastash Ridge and the Yakima River, perfect for leisurely strolls and outdoor recreation. With its rich tapestry of amenities and attractions, the area surrounding the property promises to attract residents seeking a dynamic and well-connected community to call home.Embark on an exciting multi-family conversion project with this 35,240 SF building, strategically located mere blocks away from Central Washington University at 403 W University Way, Ellensburg, WA. Approved by the City of Ellensburg, this property offers the unique opportunity to transform it into a multi-family with a total of 78 units. With partial demolition already underway, this versatile building, built in 1967 and zoned CH, is ready to be customized for a multi-family use. Investors looking for a prime opportunity to create a modern living space in a sought-after location will find this project to be a promising prospect.

Highlights

  • 35,240 SF building
  • Approved for 78 Units
  • Prime redevelopment opportunity
  • Strategic location
  • Zoned CH

Contacts

Location

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