9-unit Value Add

209 S 9th Ave., Yakima, WA 98901

  • For Sale $699,000
  • Property Type Multi-Family
  • Property Size 5,792 SF
  • Units 9
  • Lot Size 0.42 Acre
  • Year Built 1930
  • Date Updated Jun 13, 2025
THIS OFFERING is for the opportunity to acquire a 9-unit multifamily property in central Yakima, zoned R3. The Spanish-style building showcases classic "old world" architectural charm, with a central open courtyard, and mature landscaping to provide a classic and timeless aesthetic. The unit mix includes seven-1Bd/1Ba units and two-2Bd/1Ba units, complimented by a community laundry room with storage units and a 600SF+/- detached garage. Recent capital improvements include a new exterior renovation inclusive of paint, upgraded in-unit heaters, and new electrical panels in all units (installed in 2024) to reduce future cap-ex maintenance requirements while positioning the property for stronger future operational performance. Current rents are below market, offering significant upside by way of rental adjustments, expense optimization (current expenses are 47% of GSI), and implementation of a RUBS (Ratio Utility Billing System). This property presents a compelling investment opportunity in a desirable central location. To further enhance the investment appeal, attractive SELLER FINANCING terms are available.
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Highlights

  • 9-Unit Spanish-Style Apartment Building in central Yakima with classic architectural charm
  • Architectural Intangibles: Open courtyard layout with mature landscaping provides a desirable living environment
  • Attractive Unit Mix: (7) 1-bed/1-bath units and (2) 2-bed/1-bath units
  • Community Amenities: On-site laundry,. storage units and a 600SF detached garage
  • Great Seller Financing Terms are Available
  • Income upside by way of light in-unit upgrades, raising rents to market levels, implementing RUBS (Ratio Utility Billing System) & streamlining operational expenses
  • Significant Recent Capital Improvements, including new exterior paint and renovation, in-unit heaters, new electrical panels
  • Value-Add Opportunity: Below-market rents and under-optimized operations

Contacts

broker
Nick Mayer

Almon Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable

  • Transit Score ®

    34/100 Some Transit

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Yakima, WA
  • Neighborhood Yakima
  • Zip Code 98901
  • Market Tri Cities

Points of Interest

  • Safeway Fuel Station

    0.55 miles

  • Conoco

    0.85 miles

  • Arco

    1.19 miles

  • 7-Eleven

    1.36 miles

  • Electrify America

    1.97 miles

  • ChargePoint

    3.97 miles

  • Lot P

    0.61 miles

  • Lot E

    0.67 miles

  • Lot A

    0.70 miles

  • Lot O

    0.72 miles

  • Lot F

    0.75 miles

  • Lot H - Student Parking

    0.76 miles

  • Lot G - Faculty/Staff

    0.78 miles

  • Lot C - Visitor Parking

    0.80 miles

  • Lot D - Admin Parking

    0.80 miles

  • Lot B

    0.80 miles

  • Hotel Maison Yakima Tapestry Collection by Hilton

    1.00 miles

  • Red Apple Motel

    1.00 miles

  • Hilton Garden Inn Yakima

    1.04 miles

  • Holiday Lodge

    1.04 miles

  • Western Motel

    1.17 miles

  • Bali Hai Motel

    1.18 miles

  • Red Lion Hotel Yakima Center

    1.26 miles

  • Yakima Valley Inn

    1.28 miles

  • Holiday Inn

    1.32 miles

  • Home2 Suites

    1.33 miles

  • Taco Time

    0.28 miles

  • The Lariat

    0.29 miles

  • El Mirador

    0.30 miles

  • KFC

    0.33 miles

  • Poochie's

    0.44 miles

  • The Spice

    0.56 miles

  • Papa Murphy's

    0.58 miles

  • Famous Burger And Teriyaki Sandwich

    0.62 miles

  • Ariel's

    0.70 miles

  • Norm's of Yakima

    0.74 miles

  • A. C. Davis High School

    0.15 miles

  • Saint Pauls Cathedral School

    0.35 miles

  • McKinley Elementary School

    0.38 miles

  • Roosevelt Elementary School

    0.63 miles

  • Yakima Valley Community College - Main Campus

    0.72 miles

  • Franklin Middle School

    0.78 miles

  • Garfield Elementary School

    0.90 miles

  • Grace Lutheran School

    0.91 miles

  • Yakima Valley Technical

    0.93 miles

  • Madison School

    0.96 miles

  • KinderCare

    2.76 miles

  • Robert Lince Early Learning Center Preschool & Kindergarten

    4.02 miles

  • Selah Early Learning Center

    4.07 miles

  • Busy Bear Daycare

    4.86 miles

Frequently Asked Questions

How much does 9-unit Value Add cost?

The space currently listed for sale at 9-unit Value Add asks for $699,000.

What is the total square footage of 9-unit Value Add?

9-unit Value Add totals 5,792 square feet.

When was this property built?

9-unit Value Add was built in 1930.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Nick Mayer

Almon Commercial Real Estate

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