540 N Madison St | Image 1
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$1,400,000

For Sale

15 days ago

540 N Madison St, Tekoa, WA

House

MLS® 202622414

0 Bed

0 Bath

17754 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 17754 sqft
Garage 
Taxes 
Days Active 8
Lot Size 3.3 Acres
Approx. Age 1982
Avg. Price Per Sqft $78
MLS® Number 202622414

Property Address: 540 N Madison St, Tekoa, WA, 99033-9782

Average square foot calculated using Size range provided by listing agent.

Description

18-Unit Senior Housing Investment Opportunity offering 3.30 acres and 17, 754 SF of building space, originally constructed in 1982. The community is 100% project-based Section 8 senior housing with a long-term HUD HAP contract, providing stable, government-backed rental income and predictable cash flow with limited economic vacancy. The property features on-site laundry facilities, a clubhouse, and storage space, with current monthly rental income of $22, 188. Offered at $77, 778 per unit with a 8.31% cap rate and $116, 342 NOI, this is an attractive investment opportunity for buyers seeking stable multifamily income with strong occupancy and long-term affordability program support.
MLS® Number202622414
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1982
BasementNone
DrivewayAssigned
Garage Spaces
HeatForced Air
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 11, 2026List Date
$1,400,000List Price
  • Commute

Commute

Starting Address
Destination Address
540 N Madison St, Tekoa, WA

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