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Listings/Highland Flats

Highland Flats

On the Market

Price: $1,675,000

Tours: Contact Broker to Schedule

Offers Date: Reviewed Upon Receipt.

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Site Details

Address
124-132 W Shoshone St
City, State
Pasco, WA
Units
13
Year Built
1964
Laundry
Shared Coin-Op
Parking
13 Stalls
Land Size
20,909 SF

Residential Unit Mix

Studio
4
1x1
2
2x1
6
3x1
1
Total Units
13

Opportunity

Highland Flats presents a compelling investment opportunity in the heart of the Tri-Cities, one of Washington State’s most dynamic and rapidly expanding markets. Located at 124-132 W Shoshone St, Pasco, WA, this 13-unit apartment community offers immediate cash flow, recent capital improvements, and significant long-term upside.

Turn-Key Asset

Recently renovated with over $350,000 in capital improvements, including updated kitchens, bathrooms, flooring, and new parking lot.

Strong Returns

Attractive 7.40% in-place cap rate with potential to push to 8.30% at market rents.

Located in Pasco, WA – the fastest growing city in the

Located in Pasco, WA – the fastest growing city in the Tri-Cities, benefiting from a booming local economy, diverse employment base, and ongoing major infrastructure projects.

Location

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Highland Flats

124-132 W Shoshone St.
Pasco, WA
Units: 13
Price: $1,625,000

About the Area

Pasco, WA, is part of the rapidly growing Tri-Cities region, known for its strong economy, diverse employment base, and robust population growth. As the fastest-growing city in the area, Pasco benefits from major employers like Amazon, Battelle, and Columbia Basin College, along with significant infrastructure investments, including the 1,000,000 square foot Amazon Fulfillment Center and the Broadmoor Master Plan. With its thriving business climate, excellent connectivity, and affordable housing options, Pasco is a prime location for real estate investment and long-term appreciation.

Large MSA

Over 320,000 residents with projected growth of 60,000 in the next 20 years.

Economic Resilience

Diverse economy driven by energy, agriculture, healthcare, and technology.

Future Growth

Major developments like the Broadmoor Master Plan and Amazon Fulfillment Center boost long-term potential.

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