Four-Unit Apartment
1007 S Gum St, Kennewick, WA 99337
For Sale
$499,000
Each residence has one bedroom, one bathroom, and dedicated carport parking; all units are occupied.
Property Size2,376 SF
Price / SF$210.02
Days on Market162
Property Features for 1007 S Gum St
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Simplihom
Listed By:
Lizbeth Romero · License #22000181
(509) 366-7122
Source:
Desertedgerealtygroup
Added: May 30
Changed: Nov 7
Last Checked: Nov 7 at 4:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Simplihom
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit apartment property contains 2,376 square feet in a one-bedroom, one-bathroom configuration for each residence. Built in 1957, the building provides dedicated carport parking for every unit, and all four residences are currently occupied.
The property is located in Kennewick, with shopping, employers, and commuter routes described as nearby.
The property is located in Kennewick, with shopping, employers, and commuter routes described as nearby.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units
- All four units are occupied
- Dedicated carport parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,668
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,360
$413.4K
Cap Rate 7%
$295,257
$295.3K
Cap Rate 9%
$229,644
$229.6K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$32.2K $13.56/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$29.5K $12.43/SF
− OpEx
−$8.9K −$3.73/SF
NOI
$20.7K $8.70/SF
Area
Benton County, WA
Vacancy
8.36%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,360
Cap Rate 7%
$295,257
Cap Rate 9%
$229,644
Alternative Uses
Best Use
Multifamily LT 5
$295.3K
$258.4K – $344.5K
NOI $20,668 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$261.5K
$228.8K – $305.1K
NOI $18,306 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$659.0K
$576.6K – $768.9K
NOI $46,131 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 99337, WA
33,458
Population
11,725
Households
2.9
Avg Household Size
37
Median Age
29%
College-Educated
87%
High-School Grad
165.9 sq mi
ZIP Area
202
Density / Sq Mi
$90,227
Median Household Income
$49,829
Median Earnings
$1,347
Median Rent
$356,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has one bedroom, one bathroom, and dedicated carport parking; all units are occupied.
Where is this quadplex located?
The property is located at 1007 S Gum St Kennewick, WA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; All four units are occupied; Dedicated carport parking for each unit
