on the market

Listings/Sedona Apartments

Sedona Apartments

On the Market

Price: $8,900,000

Now Touring:
March 25th; 11AM-2PM

Offers Date: Reviewed Upon Receipt. Offer review date TBA.

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Site Details

Address
1327 N 24th Ave
City, State
Pasco, WA
Year Built
1979
Units
60
In-Unit Laundry
In-unit for all 2x1 units
Shared Laundry
Shared laundry for all 1x1 units
Buildings
10
Parking
106 Open Stalls

Residential Unit Mix

1x1
40
2x1
20

Opportunity

Sedona Apartments is a prime 60-unit value-add multifamily investment opportunity located in Pasco, WA, the fastest-growing city in the Tri-Cities region. With strong rental upside, a 3.05% assumable loan, and over $875,000 in recent capital improvements, this property offers investors immediate cash flow with significant value-add potential.

Assumable Financing

3.05% interest rate through 2027, providing a rare opportunity for favorable debt terms.

Rent Upside

Current rents are 16-32% below market, offering strong NOI growth through simple operational efficiencies and cosmetic upgrades.

Strong Market Fundamentals

The Tri-Cities region continues to experience strong rent growth, job expansion, and population increases, supporting sustained apartment demand.

Location

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Sedona Apartments

1327 N 24th Ave,
Pasco, WA 99301
Units: 60
Price: $8,900,000

About the Area

Sedona Apartments is centrally located in Pasco, WA, the fastest-growing city in the Tri-Cities region. With a booming economy, major employment hubs, and large-scale development projects, the area continues to see strong population and rent growth. This high-demand rental market offers investors a stable tenant base and long-term appreciation potential.

Booming Economy & Job Growth

Home to major employers like Amazon, Hanford, and Lamb Weston, driving continued demand for housing.

Significant Development & Investment

The area features major projects like Amazon's new $1M square foot warehouse, the $600M Darigold plant and the 1,240-acre Broadmoor Master Plan.

Access to Key Amenities

Minutes from Columbia Basin College, Tri-Cities Airport, Sun Willows Golf Course, and major retail centers.

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Call/Text: 509.494.3116

Call/Text: 206.414.8575