3401 W 1st Place, Kennewick, WA 99336
MULTI_FAMILY - Kennewick, WA
- Added:
- Jun 21, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 3401 W 1st Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI-FAMILY RE
- Bedrooms
- 12
- Rooms
- Bathroom 8, Bedroom 5, Bedroom 3, Bathroom 5, Bedroom 8, Bedroom 2, Bedroom 7, Bathroom 6, Bedroom 6, Bedroom 12, Bathroom 3, Bathroom 7, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 9, Bathroom 4, Bedroom 11, Bedroom 10, Bedroom 4
- Parking features
- Off Street
- Patio and Porch features
- Deck
- Exterior features
- Fencing/Partial, Deck, Cul-De-Sac
- Fencing
- Fenced
- Appliances
- Dishwasher, Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 4,512 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4325
Utilities
- Heating system
- Electric (Heating), Forced Air, Heat Pump (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 1978
- Number of units
- 4
- Flooring type
- Dining-liv/combo, Vinyl, Utility room, Carpet, New floor cover, Windows-double, Laminate
- Roof type
- Composition
Listing agent John Keltch (509) 727-1001
Listing office Windermere Group One/Tri-Cities 490 BRADLEY BLVD, Richland, WA (509) 946-1188
Listing date Jun 21, 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
- 1978‑built 2‑story 4‑plex on a cul‑de‑sac in Kennewick.
- All units feature 3 bedrooms and 1.5 bathrooms, with laundry hookups.
- Off‑street parking available for residents.
- Exterior includes a deck and fenced yard area.
- Heating includes electric heat pump and forced‑air systems.
- Roof is composition; interiors include vinyl, carpet, laminate, and double‑pane windows.
Overview
The four-plex is located on a cul-de-sac within a central area of West Kennewick, according to the listing remarks. The setting places the property among other multi-family homes, with access off a local residential street.
For buyers or investors looking for a small multifamily asset, the consistent unit layout can simplify leasing and tenant experience across the building. Laundry hookups in every unit and the presence of off-street parking may help reduce day-to-day resident friction, while the four separate units provide an operator with multiple income-producing spaces within a single property.
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 | $61.2k | $13.56 |
| − Vacancy | −$5.1k | −$1.13 |
| EGI | $56.1k | $12.43 |
| − OpEx | −$16.8k | −$3.73 |
| NOI | $39.2k | $8.70 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kennewick
- County
- Benton
- State
- Washington
- Longitude
- -119.1678782
- Latitude
- 46.2080448
