1313/1315 Farrell Lane Richland, WA 99354
MULTI_FAMILY - Richland, WA
- Added:
- Jun 1, 2026
- Days on Market:
- 42
- Last Refresh:
- Jul 12 at 6:06 am
Property Features for 1313/1315 Farrell Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI-FAMILY RE
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 1, Dining Room, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1
- Parking features
- Garage
- Window features
- Double Pane Windows
- Interior features
- Kitchen/Dining Room Combo, Vinyl
- Basement
- Finished
- Appliances
- Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
- Standard status
- Pending
- APN
- 102983020704015
- Size
- 3,600 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3356
Utilities
- Utilities
- Electricity Available
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1944
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Composition
- Roof type
- Composition
Listing agent Janelle Williams License #23018573 (509) 366-3610
Listing office Windermere Group One/Tri-Cities 490 BRADLEY BLVD, Richland, WA (509) 946-1188
Listing date Jun 1, 2026
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.
Investment Insights
Based on property information with market context.
Located in Richland, WA, the property is set on 0.28 acres and is zoned for multi-family residential use (MULTI-FAMILY RE). The listing is for 1313/1315 Farrell Lane (MLS# 293418), providing a duplex configuration with two separate homes on one site.
For tenants, this setup provides privacy and off-street parking through dedicated garages and fenced yard space for each unit. For buyers, it offers an opportunity to own a maintained duplex where one side is immediately available while the other remains tenant-occupied, supporting straightforward, occupant-based planning from day one.
Key Highlights
- Renovated duplex with 1,800 SF per unit
- Unit mix: both units offer 3 bedrooms and 2 bathrooms
- Unit 1 is fully renovated and move‑in ready
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $13.56 |
| − Vacancy | −$4.1k | −$1.13 |
| EGI | $44.7k | $12.43 |
| − OpEx | −$13.4k | −$3.73 |
| NOI | $31.3k | $8.70 |
