College Place Apartments

9-Unit Stabilized Portfolio in Walla Walla

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College Place Apartments

9-Unit Multifamily

Property Name: College Place Apartments

Address: 441-459 SE 12th St

City, State Zip: College Place, WA 99324

Units: 9

Year Built: 1973 & 1974

No. Buildings: 2

Building Area: 6,140 SF

Land Area: 0.41 AC / 17,860 SF

Offered as a portfolio with 4th & Chase Apartments, a 13-unit portfolio in Walla Walla.

Investment Highlights

CENTRAL LOCATION: Less than one mile from Walla Walla University and its 1,300 students, faculty, and staff, the location provides steady demand for housing.

RECENT RENOVATIONS: Recent capital improvements include updated exteriors and interior renovations featuring high-end finishes. Select units showcase new vinyl flooring, butcher block kitchen countertops, and stainless appliances.

ATTRACTIVE UNIT MIX: The property offers a well-balanced unit mix that appeals to a variety of tenants, including students, young professionals, and new families.

THRIVING WALLA WALLA MARKET: The Walla Walla region is experiencing economic growth driven by its thriving wine industry, strong healthcare sector, and expanding tourism market, making this an attractive market for long-term investment.