1800 Evergreen ST, Walla Walla, WA 99362
1800 Evergreen ST, Walla Walla, WA 99362
1800 Evergreen ST, Walla Walla, WA 99362
27
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Listed by:Kidder Mathews • Max Frame
$5,300,000
Est. payment /mo
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87 Beds
45 Baths
33,751 SqFt
Pending

1800 Evergreen ST Walla Walla, WA 99362

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 33,751 sqft

Price per Sqft $157

Subdivision Ayer

MLS Listing ID 2545681

Style 56 - 10+ Units

Bedrooms 87

Year Built 1969

Annual Tax Amount $21,770

Lot Size 1.720 Acres

Lot Dimensions 74923

Property Sub-Type Multi Family

Property Description

Suncrest Apartments presents a rare opportunity to acquire a 45-unit apartment community in the highly desired Walla Walla market. Located at 1800 Evergreen Street, the property sits on 1.72 acres across 6 buildings and features an attractive unit mix with 39 two-bedroom units, 4 one-bedroom units, 1 studio, and 1 four-bedroom unit. The property has been well maintained and includes 64 parking stalls, owned coin-operated laundry, air conditioning in all units, and a parking lot repaved in 2025. Offered for the first time in 44 years, Suncrest provides strong in-place cash flow with meaningful value-add upside through continued rent growth, interior renovations, and exterior/common-area improvements. Current operations reflect a 6.42% in-place cap rate, with projected upside to a 6.80% market cap rate and 9.31% renovated cap rate. The property is centrally located near Whitman College, Walla Walla Community College, Downtown Walla Walla, Eastgate Shopping Center, Pioneer Park, Providence Hospital, and the Walla Walla Regional Airport. Suncrest is one of the few apartment communities of scale available in Eastern Washington, offering investors a well-located asset with stable operations, a favorable unit mix, and a clear path to increased income through modernization and rent repositioning.

Location

State WA

County Walla Walla

Area 931 - North Walla Walla County

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood

View Y/N No

Roof Type Composition,Flat

Building

Lot Description Sidewalk

Sewer Sewer Connected

New Construction No

Schools

School District Walla Walla

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://simonandersonteam.com/listings/suncrest-apartments/

Northwest MLS (NWMLS)
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NEARBY SCHOOL & BUSINESS

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DJ Gee

DJ Gee

+1(253) 363-0413

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