24524 S Oak Street, Kennewick, WA 99337
MULTI_FAMILY - Kennewick, WA
- Added:
- Jun 8, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 24524 S Oak Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 1
- Parking features
- Garage
- Patio and Porch features
- Deck
- Exterior features
- Fencing/Enclosed, Deck
- Fencing
- Fenced
- Appliances
- Dishwasher, Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 6,413 SF
- Lot size
- 1.19 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3543
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1972
- Number of units
- 2
Listing agent Patrick Scacco License #13557 (509) 539-9385
Listing office Beacon Realty & Property Manag 636 Jadwin Ave Suite A, PASCO, WA (509) 737-8080
Listing date Jun 8, 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.
HighLights
- Two manufactured homes on one property: 1,381 SF (3 bedrooms + 2 bonus rooms, 2 baths) and 912 SF (2 bedrooms + den, 1 bath)
- Both manufactured homes have had extensive updates including kitchen, baths, flooring, and paint
- Two oversized shops: 3,384 SF and 736 SF, with additional income available by leasing the shop
- Current home rents are $2,200 and $1,750; proforma cap rate is 7.8%
- Zoned RL‑5 with allowable commercial uses
- Central air and forced‑air heating, plus a fenced yard with deck and garage parking
Overview
The property is zoned RL-5, which allows for certain commercial uses based on the zoning designation. The larger combined gross building area is listed as 6,413 square feet for the residences and shops. The manufactured homes are currently rented.
For tenants and operators looking for mixed residential and workspace capability, the layout supports separate living areas paired with shop space. The homes are reported as rented at $2,200 and $1,750, and additional income may be available through leasing the shops. The listing also notes a proforma cap rate of 7.8%, with the gross building area and current rent performance used in that projection.
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 | $87.0k | $13.56 |
| − Vacancy | −$7.3k | −$1.13 |
| EGI | $79.7k | $12.43 |
| − OpEx | −$23.9k | −$3.73 |
| NOI | $55.8k | $8.70 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kennewick
- County
- Benton
- State
- Washington
- Longitude
- -119.099578
- Latitude
- 46.174269
