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Multifamily

College Place Fifteen

3 SE Birch Ave, College Place, WA 99324

Listing Price: $3,400,000

Cap Rate
5.91%
Number of Units
15
GRM
10.84
Occupancy
95.0%
Price/Unit
$226,667
Price/Gross SF
$176.72
Gross SF
19,240

Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of College Place 15 in College Place, Washington. This charming portfolio neighbors the city of Walla Walla which is recognized as one of the finest wine regions in the nation. The investment is within walking distance of Walla Walla University, a private college with deep tradition and culture. The property is just down the street from Kiwanis Park, offering multiple pickleball and basketball courts, picnic shelters, and trails, making this property a beautifully located community hub.

College Place 15 has continually grown more desirable since its construction and continual “pride of ownership” improvements. The population of College Place has grown approximately 20% just since the year 2000. Located within a one-mile radius of College Place 15 are parks and five schools surrounding the neighborhood, boosting the central location of this complex in a family-friendly and walkable neighborhood.

Investment Highlights

  • Exceptional Garden-Style Layouts with Mix of Two, Three, and Four Bedroom Layouts in Single-Family Homes, Duplexes and Townhouses
  • Well-Maintained Property Includes Units That Vary in Construction Date Including: 2021, 2015, 2004, 2003, 1980 and 1915
  • Low-Density Condo-Quality Setting Features Private Patios, Balconies, and Private Fenced in Backyards
  • Each Asset Features Assigned Parking and Approx. Half the Units Have Garages as Well as Additional Guest Parking

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Multifamily

College Place Fifteen

Listing Price: $3,400,000

Cap Rate
5.91%
Number of Units
15
GRM
10.84
Occupancy
95.0%
Price/Unit
$226,667
Price/Gross SF
$176.72
Gross SF
19,240

Investment Highlights

  • Exceptional Garden-Style Layouts with Mix of Two, Three, and Four Bedroom Layouts in Single-Family Homes, Duplexes and Townhouses
  • Well-Maintained Property Includes Units That Vary in Construction Date Including: 2021, 2015, 2004, 2003, 1980 and 1915
  • Low-Density Condo-Quality Setting Features Private Patios, Balconies, and Private Fenced in Backyards
  • Each Asset Features Assigned Parking and Approx. Half the Units Have Garages as Well as Additional Guest Parking

Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of College Place 15 in College Place, Washington. This charming portfolio neighbors the city of Walla Walla which is recognized as one of the finest wine regions in the nation. The investment is within walking distance of Walla Walla University, a private college with deep tradition and culture. The property is just down the street from Kiwanis Park, offering multiple pickleball and basketball courts, picnic shelters, and trails, making this property a beautifully located community hub. College Place 15 has continually grown more desirable since its construction and continual “pride of ownership” improvements. The population of College Place has grown approximately 20% just since the year 2000. Located within a one-mile radius of College Place 15 are parks and five schools surrounding the neighborhood, boosting the central location of this complex in a family-friendly and walkable neighborhood.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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