$5,300,000
1800 Evergreen Street, Walla Walla, WA 99362
3,751 Sq Ft
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MLS #2545681 / Listing provided by NWMLS & Kidder Mathews.

$5,300,000

1800 Evergreen Street
Walla Walla, WA 99362

Active 16 hours ago
3,751
Sq Ft
$1,413
Per Sq Ft
1969
Year Built

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0
  • Possible Bedrooms: 86

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 92
  • Total Uncovered Parking Spaces: 64

Structure

  • Roof: Composition, Flat
  • Exterior Features: Wood
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Sidewalk
  • Acres: 1.72
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Walla Walla

Lot Details

  • Lot Features: Sidewalk
  • Acres: 1.72
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric
  • Power Company: Pacific Power

Water, Sewer, and Garbage

  • Sewer Company: City of WW
  • Sewer: Sewer Connected
  • Water Company: City of WW
  • Water, Sewer, and Garbage: 21020
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