5101 W Powerhouse Rd
Yakima WA 98908

5101 W Powerhouse Road

5101 W Powerhouse Rd Yakima WA 98908

Listing #: 714740 | Status: Available | Last Modified: 7/1/2026 |

For Sale
Tyler Smith
  • Phone:(206) 612-2475
  • Email:tsmith@northmarq.com
  • Office Name:Northmarq Multifamily LLC
  • Office Phone:(425) 454-8699
  • Office Website:
Joseph Kinkopf
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
07-Drone6.jpg
Price Information
  • Listing Price$ 18,400,000.0
  • $/SF$ 220.0
  • $/Unit$ 18,400,000.0
  • Listing StatusAvailable
  • Days on Market10
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 5.94 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • Building StatusExisting
  • # of Buildings30
  • # of Floors2
  • # of Units66
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF83628
  • Net Rentable Area83628
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF253416
  • Acres5.82
Property Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyYakima
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaYakima County
  • Tax ID #18130941011
  • Additional Parcels
  • ZoningR3
Parking Information
  • # Covered Spaces66
  • # Uncovered Spaces132
  • Total Parking Spots198
  • Parking Ratio
Construction
  • Year Built2023
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Cowiche Creek Townhomes

Public Comments

We are delighted to present Cowiche Creek Townhomes, a newly constructed, 2023-vintage asset located in Yakima, WA. This 66-unit property features a mix of 30 two-bedroom and 36 three-bedroom townhome units, each with 2.5 baths. With an average unit size of 1,267 square feet, each unit features in-unit laundry, elegant quartz countertops, LVP flooring and modern HVAC systems. The property currently achieves an average rent of $1,832 per unit with a limited history of concessions needed to entire new tenants. Residents enjoy the serenity of a quiet neighborhood while being just 4 miles north from downtown Yakima. Additionally, the property offers proximity to Mount Rainier National Park, making it an ideal location for outdoor enthusiasts seeking year-round recreational activities. This property represents an excellent opportunity for investors to acquire a recently constructed yet seasoned asset with large, modernized units in a highly desirable secondary market. With its central location, significant rent growth potential, and high-quality finishes, Cowiche Creek Townhomes is primed for long-term success.

Listing Images