Renovated Duplex on Large
For Sale
$725,000
1402 N Edison Street, Kennewick, WA 99336
Residential Income, Kennewick, WA
Property Size3,349 SF
Lot Size0.50 Acres
Price / SF$216.48
Days on Market47
Property Features for 1402 N Edison Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Dining Room
Parking features
Off Street
Window features
Double Pane Windows, Vinyl Frames
Patio and Porch features
Deck
Interior features
Bath Off Primary, Raised Ceiling(s), Vaulted Ceiling(s), Dining/Living Room Combo, Walk-In Closet(s), Ceiling Fan(s), New Floor Cover, New Paint, Vinyl, Master Suite
Exterior features
Storage Building, Fencing/Enclosed
Fencing
Fenced
Appliances
Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
Subdivision
SHORT PLAT
Lot features
Partial Irrigated, Loc in City Limits
Elementary school district
KENNEWICK
Middle school district
KENNEWICK
High school district
KENNEWICK
Directions
Turn into driveway from Edison Street near Canal Street.
Standard status
Active
APN
133991020007004
Size
3,349 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2927
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Heat Pump (Heating), Forced Air
Cooling system
Electric, Heat Pump
Water source
Public
Building Details
Year built
1958
Number of units
2
Flooring type
Vinyl, New floor cover
Building materials
Cement Board
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Retter and Company Sotheby's · Sotheby's International Realty
(509) 783-8811
Listed By:
Monroe Davis
(509) 528-2178
Added: Jul 30
Changed: Sep 12
Last Checked: Sep 14 at 4:06AM
MLS# 295125
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.
This renovated duplex contains 3,349 square feet on a 0.4987-acre lot and received substantial infrastructure improvements in 2025. The property includes two units, updated floor covering and paint, vinyl flooring, vaulted and raised ceilings, walk-in closets, and combined dining and living areas. Interior features also include master suites, multiple bathrooms, ceiling fans, decks, and a kitchen appliance package with dishwasher, disposal, microwave, range/oven, and refrigerator.
The site is fenced and includes a storage building and off-street parking. Public water service is available, with cable service available as well. Heating and cooling are provided through electric forced-air and heat-pump systems. Located in Kennewick, the property carries Residential zoning. Utility and infrastructure documentation is available for review, and future development or intended use requires independent verification.
The site is fenced and includes a storage building and off-street parking. Public water service is available, with cable service available as well. Heating and cooling are provided through electric forced-air and heat-pump systems. Located in Kennewick, the property carries Residential zoning. Utility and infrastructure documentation is available for review, and future development or intended use requires independent verification.
Key Highlights
- 3,349 SF duplex on a 0.4987‑acre lot
- Substantial infrastructure improvements completed in 2025
- Fenced site with storage building, deck, and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,131
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,620
$582.6K
Cap Rate 7%
$416,157
$416.2K
Cap Rate 9%
$323,678
$323.7K
Market Conditions
NOI Build-Up for 3,349 SF
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.
Gross rent
$45.4K $13.56/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$41.6K $12.43/SF
− OpEx
−$12.5K −$3.73/SF
NOI
$29.1K $8.70/SF
Area
Benton County, WA
Vacancy
8.36%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,620
Cap Rate 7%
$416,157
Cap Rate 9%
$323,678
Alternative Uses
Best Use
Multifamily LT 5
$416.2K
$364.1K – $485.5K
NOI $29,131 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$368.6K
$322.5K – $430.1K
NOI $25,803 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$928.9K
$812.8K – $1.08M
NOI $65,022 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 99336, WA
51,127
Population
20,915
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
85%
High-School Grad
13.4 sq mi
ZIP Area
3,815
Density / Sq Mi
$63,308
Median Household Income
$38,211
Median Earnings
$1,155
Median Rent
$292,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with fenced outdoor space, storage, and off-street parking.
Where is this duplex located?
The property is located at 1402 N Edison Street Kennewick, WA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,349 SF duplex on a 0.4987‑acre lot; Substantial infrastructure improvements completed in 2025; Fenced site with storage building, deck, and off‑street parking
