Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1027 Park Ave Prosser, WA 99350

    Sponsored
    For Sale
    $830,000

    Other - Prosser, WA

    Property size:
    3,820 SF
    Days on Market:
    5
    Last Refresh:
    Feb 26 at 2:06 am

    Property Features for 1027 Park Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Parking
    1
    Interior features
    Bath-master, Carpet(s), Ceilings-raised, Dining-kitchen/Combo, Drapes/Curtains/Blinds, Extra Storage, Room-great, Utility Room, Walk In Closet(s), Windows-double, Windows-vinyl, Entry/Foyer, Garage Door Opener, Vinyl, Master Suite
    Size
    3,820 SF

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating)

    Building Details

    Year built
    2024
    Number of units
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Lance Kenmore
    Lance Kenmore

    KENMORE TEAM LLC (509) 987-4544

    Listing agent Lance Kenmore (509) 987-4544 License #18926

    Listing date Feb 22, 2026

    MLS# 289527 Listing URL

    Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Townhomes in Prosser Portfolio

    This portfolio opportunity features two standalone townhomes located in Prosser's Hidden Hills Luxury Townhome Community. Constructed in 2024, both units are tenant-occupied, providing immediate income. Each unit offers 1,905 square feet of living space, featuring 3 bedrooms and 2.5 baths. The open great-room layout includes 10-foot ceilings and durable hard-surface flooring on the main level. Kitchens are equipped with quartz countertops, stainless steel appliances, and pantry cabinetry, with sliders leading to private back patios. Additional features include under-stair storage and a half bath on the main level, along with a one-car attached garage that includes a built-in entry bench. Upstairs, the primary suite features a large walk-in closet with custom built-ins and an en suite bath with dual sinks and a walk-in shower. Two additional bedrooms, a full bath, and a dedicated laundry room are also located upstairs. Built with soundproofing incorporated into the design, these newer construction townhomes are situated in a quiet Prosser neighborhood close to amenities. These townhomes offer strong tenant appeal, low maintenance, and modern finishes, making them an efficient asset for any rental portfolio. The property size is 3,820 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hidden Hills Condominiums Apartment Complex

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prosser
    County
    Benton
    State
    Washington
    Longitude
    -119.7693
    Latitude
    46.19988

    Nearby Similar for Sale

    • New
      $1,560,000
      7,610 SF

      Tenant-Occupied Townhome Portfolio

      Fully leased townhome portfolio in Prosser's Hidden Hills community.
      932 Hidden Ln, Prosser, WA 99301
      View Details
    • New
      $1,560,000
      7,610 SF

      Prosser Townhome Portfolio Opportunity

      Tenant-occupied townhome portfolio in Prosser's Hidden Hills community.
      916 Hidden Ln, Prosser, WA 99350
      View Details
    • $831,600
      80.16 Acres

      Established Vineyard with Water Rights

      Productive vineyard with diverse grapes and water rights in Prosser.
      58802 N Hinzerling Rd, Prosser, WA 99350
      View Details
    • $735,000
      80.41 Acres

      Prosser Vineyard with Water Rights

      Producing vineyard with water rights in Prosser, Washington.
      54402 N Hinzerling Rd, Prosser, WA 99350
      View Details
    • New
      $2,250,000
      11,430 SF

      Prosser Townhome Portfolio

      Six luxury townhomes in Prosser's Hidden Hills community.
      931 Hidden Ln, Prosser, WA 99301
      View Details
    • $250,000
      Pending

      Irrigated Farmland in Prosser, WA

      9.62 acres of irrigated agricultural land for sale.
      25214 N Rothrock Rd, Prosser, WA 99350
      View Details
    • $325,000

      Grant Street Mixed-Use Building

      Mixed-use building in Prosser with potential and ample parking.
      1500 Grant Ave, Prosser, WA 99350
      View Details
    • Contact for pricing
      1 SF

      High-Traffic Commercial Opportunity in Prosser

      Prime location near hospital, freeway, and Wine Country Road.
      210 Chardonnay Ave, Prosser, WA 99350
      View Details
    • $1,400,000
      0.34 Acres

      Prosser, WA Industrial Opportunity

      Commercial property for sale in Prosser, Washington.
      607 5Th St, Prosser, WA 99350
      View Details
    • $1,400,000
      0.40 Acres

      Prosser Office Building For Sale

      Commercial office building in Prosser, WA available for purchase.
      607 5Th St, Prosser, WA 99350
      View Details
    • $425,000
      0.30 Acres

      Prosser Office Building - Great ROI

      Fully Leased, High-Traffic Location, Investment Opportunity
      424 Wine Country Rd, Prosser, WA 99350
      View Details

    FAQs

    What type of property is this?
    Duplex - Two new construction townhomes in Prosser, WA, tenant occupied.
    Where is this duplex located?
    The property is located at 1027 Park Ave Prosser, WA.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: - Portfolio opportunity: Two standalone townhomes, built in 2024, offered together.; - Immediate income: Both units are tenant-occupied.; - Modern features: Enjoy quartz countertops, stainless steel appliances, 10' ceilings, hard-surface flooring, and private patios.
    (509) 987-4544
    Request Owner's contact information
    1027 Park Ave Prosser, WA 99350
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1027 Park Ave
    Prosser, WA 99350
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1027 Park Ave Prosser, WA 99350
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lance Kenmore
    Lance Kenmore
    Real Estate License ID: 18926
    (509) 987-4544 (509) 727-8977 (509) 783-2112
    Learn more
    Google sign-in failed. Please try again or use another login method.