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    415 W Albany Ave Kennewick, WA 99336

    For Sale
    $690,000

    Five+ Plex - Kennewick, WA

    Property size:
    5,656 SF
    Lot size:
    0.32 Acres
    Days on Market:
    88
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 415 W Albany Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Size
    5,656 SF
    Lot size
    0.32 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1920
    Number of units
    7
    Building materials
    Masonite, Stucco
    Architectural style
    Other

    Parrish Real Estate and Property Managment (509) 378-5690

    Listing agent Terry Parrish (509) 378-5690 License #24390

    Listing date Sep 10, 2025

    MLS# 286294 Listing URL

    Copyright © 2025 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kennewick Multifamily Investment Opportunity

    This residential income property in Kennewick, WA, features a mix of studio, one-bedroom, and two-bedroom units. The property includes three studio units, three one-bedroom units, and one two-bedroom unit, with a total size of 5656 square feet on a 0.32-acre lot. A community laundry facility is available for all tenants. The property has a new roof installed four years ago. Current rents total $5800, with potential to reach $6900 after the vacant studio unit is renovated. Current rents are: one-bedroom $1100 (updated), one-bedroom $850, one-bedroom $800 (updated), studio $700 (updated), two-bedroom $1300, studio vacant (under rehab, potential $1100), and studio $1050 (updated). The owner pays approximately $1000 per month for utilities, including water ($900 every other month), electricity ($450 per month), and garbage ($140 every third month).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.123689
    Latitude
    46.209437

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    FAQs

    What type of property is this?
    Apartment building - Cash-flowing multifamily property with updated units and income potential.
    Where is this apartment building located?
    The property is located at 415 W Albany Ave Kennewick, WA.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: - Cash-flowing property generating $5800/month in rents with excellent tenants.; - Potential to increase monthly income to $6900 after rehab of vacant studio.; - New roof installed four years ago.
    (509) 378-5690
    Request Owner's contact information
    415 W Albany Ave Kennewick, WA 99336
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    Kennewick, WA 99336
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    Realmo Value Estimation

    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.

    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.

    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
    415 W Albany Ave Kennewick, WA 99336
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