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    College Place Multifamily Investment Opportunity Title is generated by Realmo AI

    226 E Whitman Dr, College Place, WA 99324

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    Claim this Listing
    For Sale
    $675,000

    2 - 4 Homes - College Place, WA

    Property size:
    3,056 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $220/SF
    Added:
    Mar 5, 2026
    Days on Market:
    77
    Last Refresh:
    May 21 at 10:06 am

    Property Features for 226 E Whitman Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi-family Re
    Bedrooms
    8
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    1
    Interior features
    Bath-master, Breakfast Bar, Carpet(s), Dining-kitchen/Combo, Dining-liv/Combo, Drapes/Curtains/Blinds, Extra Storage, Room-great, Utility Room, Walk In Closet(s), Windows-double, Windows-vinyl, Ceiling Fan, Entry/Foyer, Garage Door Opener, Laminate, Master Suite
    Standard status
    Active
    Size
    3,056 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Heat Pump (Heating)

    Building Details

    Year built
    2015
    Number of units
    2
    Flooring type
    Carpet, Laminate
    Building materials
    Frame, Wood Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Nate Biehl
    Nate Biehl

    Listing agent Nate Biehl License #2252

    Listing office RE/MAX Northwest REALTORS 8200 W Grandridge Blvd, Kennewick, WA

    Listing date Mar 5, 2026

    MLS# 290470 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

    • Great investment opportunity: two units, each with 4 bedrooms and 2.5 bathrooms.
    • Modern open kitchen, great room, and dining room with backyard access in each unit.
    • Each unit features a primary suite with separate bath and walk‑in closet, plus laundry room with hookups.
    • Privately fenced yard areas with grass and patio for each unit.
    • Ample off‑street parking plus a single car garage per unit.
    • Convenient location near parks, schools, shopping, dining, and entertainment.

    Overview

    This multifamily property presents an investment or multi-family living opportunity. Each unit features an open floor concept plan with a great room, a dining room with a sliding door to the backyard, and a modern open kitchen. Each unit contains 4 bedrooms and 2.5 bathrooms. The primary suite has a separate bath and walk-in closet. Each unit also includes a separate laundry room with hookups and a single-car garage. The property provides ample living space and plenty of off-street parking. Each unit has privately fenced yard areas with a grass yard and patio. The property is conveniently located near parks, schools, shopping, dining, and entertainment. The lot size is 0.21 acres, and the property size is 3056 square feet. The property is zoned for multi-family residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    College Place
    County
    Walla Walla
    State
    Washington
    Longitude
    -118.3922822
    Latitude
    46.0494984

    Nearby Similar for Sale

    • $675,000
      3,056 SF

      College Place Multi-Family Investment Opportunity

      Multi-family property with open floor plans and modern kitchens.
      218 E Whitman Dr, College Place, WA 99324
      View Details
    • $375,000
      4,044 SF

      Multi-Family Investment Opportunity in College

      Multi-family investment opportunity with development potential in College Place, WA.
      160 Rose St, College Place, WA 99324
      View Details
    • Contact for pricing
      1,500 SF

      Bell-Saxby Building

      Move-in ready, furnished office space near Walla Walla University.
      48 College Ave, College Place, WA 99324
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property with open floor plans and fenced yards.
    Where is this duplex located?
    The property is located at 226 E Whitman Dr College Place, WA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Great investment opportunity: two units, each with 4 bedrooms and 2.5 bathrooms.; Modern open kitchen, great room, and dining room with backyard access in each unit.; Each unit features a primary suite with separate bath and walk‑in closet, plus laundry room with hookups.
    (509) 539-0333
    We can help!
    Listing Contact
    Nate Biehl
    Nate Biehl
    Real Estate License ID: 2252
    Learn More
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    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
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