Two-Unit Duplex
1413/1415 McPherson Ave, Richland, WA 99352
New
- Added:
- Jun 19, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 21 at 2:06 am
Property Features for 1413/1415 McPherson Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI-FAMILY RE
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 3, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 7, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 6
- Parking features
- Off Street, Carport
- Patio and Porch features
- Patio
- Exterior features
- Fencing/Partial, Patio/Open
- Fencing
- Fenced
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Pending
- Size
- 3,594 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 1625
Utilities
- Heating system
- Forced Air, Baseboard, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1944
- Number of units
- 2
- Flooring type
- Windows-metal, Windows-storm, Dining-liv/combo, Utility room, Room-family, Carpet
- Roof type
- Composition
Listing agent Leslie Retter (509) 947-8211
Listing office Retter and Company Sotheby's 329 N KELLOGG ST, Kennewick, WA (509) 783-8811
Listing date Jun 19, 2026
MLS# 293916
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.
HighLights
- Duplex with two units, each offering 3 bedrooms and functional living space (1413 left, 1415 right)
- 1413 unit: 3 beds, 2 baths, family rooms upstairs and downstairs, basement is finished, and a one‑car carport
- 1415 unit: 3 beds, 1 bath with some updates, basement partially finished, and brand‑new HVAC system
- New roof and exterior paint completed within the last 5 years for the entire duplex
- Central air plus forced air/baseboard/electric heating, with electric (heating) and central cooling
- Off‑street parking with carport, plus patio and fenced yard
Overview
This for-sale duplex is configured as two side-by-side units at 1413 and 1415 McPherson Ave. Each unit provides three bedrooms and functional living space. The 1413 left side unit includes two bathrooms, family rooms both upstairs and downstairs, and a finished basement, along with a backyard and a one-car carport. The 1415 right side unit offers three bedrooms and one bathroom, with some updates, a basement that is partially finished, and a new HVAC system. Refrigerators in both units are noted as staying.
The property sits on a 0.31-acre lot and benefits from exterior improvements completed within the last five years, including a new roof and exterior paint. The listing notes that the property is renter occupied, and requests that prospective buyers do not disturb tenants.
From a practical standpoint, the duplex layout supports multiple living setups, including an owner-occupied arrangement while generating rental income from the second unit. Each side includes basement space and family-oriented bedroom counts, which can make the property well-suited for tenants seeking more room to spread out. Updates such as the roof, exterior paint, and new HVAC can reduce near-term maintenance concerns for an incoming owner.
The property sits on a 0.31-acre lot and benefits from exterior improvements completed within the last five years, including a new roof and exterior paint. The listing notes that the property is renter occupied, and requests that prospective buyers do not disturb tenants.
From a practical standpoint, the duplex layout supports multiple living setups, including an owner-occupied arrangement while generating rental income from the second unit. Each side includes basement space and family-oriented bedroom counts, which can make the property well-suited for tenants seeking more room to spread out. Updates such as the roof, exterior paint, and new HVAC can reduce near-term maintenance concerns for an incoming owner.
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 | $48.7k | $13.56 |
| − Vacancy | −$4.1k | −$1.13 |
| EGI | $44.7k | $12.43 |
| − OpEx | −$13.4k | −$3.73 |
| NOI | $31.3k | $8.70 |
3,594 SF · lease $13.56/SF/yr · vacancy 8.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$446.6K
$390.8K – $521.0K
NOI $31,262 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$395.6K
$346.1K – $461.5K
NOI $27,690 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$996.8K
$872.2K – $1.16M
NOI $69,779 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Benton
- State
- Washington
- Longitude
- -119.2837
- Latitude
- 46.2461
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex with two 3-bedroom units, finished basements, and recent exterior updates, ideal for owner-occupants or investors.
Where is this duplex located?
The property is located at 1413/1415 McPherson Ave Richland, WA.
What is the asking price?
The asking price for this property is $447,500.
What are key features of this property?
This property features: Duplex with two units, each offering 3 bedrooms and functional living space (1413 left, 1415 right); 1413 unit: 3 beds, 2 baths, family rooms upstairs and downstairs, basement is finished, and a one‑car carport; 1415 unit: 3 beds, 1 bath with some updates, basement partially finished, and brand‑new HVAC system
