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29708644
29708645

NKA 7th Ave, Mabton, WA 98935

MF
WA 20115181
Paragon Group
Listed by Paragon Group
$1,650,000
112 days on market
Updated 21 days ago

Mabton Development Site

Details
APN 23093134481 & 23093134001
Property Type Land, Multifamily
Sub Type Apartment Building
Square Footage 200,000
Net Rentable (SqFt) 177,600
Price per SqFt $8
Broker Co-Op Yes
Acreage 8.160
Zoning R-2

Mabton Development Site | 8.16 acres in Mabton, WA

Marketing description

Located in Mabton, Washington, this 8.16-acre site presents a rare opportunity to deliver much-needed affordable and workforce housing in the heart of the Columbia Valley. The property is already zoned R-2 for high-density residential and has city-approved entitlements for a 178-unit development, significantly de-risking the front end of the project. With utilities to the site and recent infrastructure improvements underway, the groundwork has been laid for immediate development.

The city of Mabton, situated in Yakima County, is part of a region experiencing sustained population growth driven by agricultural employment and increasing demand for housing. State and federal programs are directly targeting towns like Mabton with generous incentives, including LIHTC with a 30% Basis Boost, USDA Farmworker Housing loans, and property tax exemptions, creating a uniquely capital-efficient opportunity for developers who specialize in affordable housing delivery.

In addition to its entitlements and infrastructure advantages, the Mabton Development Site benefits from exceptional optionality. Whether building rental townhomes, farmworker housing, or an LIHTC-backed affordable apartment project, the site supports a variety of uses and exit strategies. With Yakima County and Washington State aligning policy and capital to address rural housing needs, this development site sits squarely in the path of both funding and growth.

Investment highlights

Simple Development Site Zoned for Multifamily

The 8.16-acre site spans two parcels and is zoned R-2 under Mabton’s comprehensive plan, with the city having already approved a 178-unit development on the site. This eliminates entitlement risk and streamlines the path to permit for multifamily, townhomes, or other high-density residential concepts.

Targeted for Affordable and Workforce Housing

Located in an agricultural employment hub, the property is an ideal candidate for affordable or workforce housing. The site is likely eligible for deep federal and state subsidies including USDA Section 514/516 Farmworker Housing loans, LIHTC with a 30% Basis Boost, and Yakima County gap financing, tools specifically structured for small-town developments.


Public Infrastructure and Utility Access in Place

Utility infrastructure is already available at the site, including water and sewer capacity supported by recent city investments in Well #6 and wastewater upgrades. These improvements reduce development costs and enable a quicker path to vertical construction.

Multiple Exit Strategies & Site Flexibility

The site’s size and zoning allow for a wide range of outcomes, from building rental townhomes to platting for for-sale housing. Pursue a full buildout or subdivide and sell individual lots to homebuilders.

Listing Contacts

MF
WA 20115181
Paragon Group
Listed by Paragon Group

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Additional Information

Name
Mason Fiascone
License
20115181
Brokerage
Multifamily Mason
Brokerage Phone
(509) 410-1990
Title
Multifamily Advisor
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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