Two-Story Duplex with Open
For Sale
$654,850
1074 S Underwood Pl, Kennewick, WA 99337
Newer duplex featuring connected living, dining, and kitchen areas, landscaped grounds, and private outdoor space.
Property Size2,200 SF
Price / SF$297.66
Days on Market151
Property Features for 1074 S Underwood Pl
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Tomlinson
(208) 672-0447
Listed By:
Jesse Irwin
(509) 783-4147
Source:
Exprealty
Added: May 20
Changed: Oct 8
Last Checked: Oct 16 at 9:51AM
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 Coldwell Banker Tomlinson
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Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex is arranged as two identified sides, A and B, with a two-level layout. The main floor brings the great room, kitchen, and dining area together in an open configuration. Kitchen appointments include stainless steel appliances, soft-close cabinetry, an island, and a full-height tile backsplash. An outdoor patio extends the usable living area, with access to the yard.
Upstairs, the residence includes a primary bedroom with an attached bathroom, walk-in shower, vanity, and walk-in closet, along with two additional bedrooms and a full bathroom. Exterior improvements include full-yard UGS, full-yard landscaping, and partial vinyl fencing. The property is located at 1074 S Underwood Pl in Kennewick, Washington.
Upstairs, the residence includes a primary bedroom with an attached bathroom, walk-in shower, vanity, and walk-in closet, along with two additional bedrooms and a full bathroom. Exterior improvements include full-yard UGS, full-yard landscaping, and partial vinyl fencing. The property is located at 1074 S Underwood Pl in Kennewick, Washington.
Key Highlights
- 2,200‑square‑foot duplex with sides identified as A and B
- Open main‑level arrangement connecting the great room, kitchen, and dining area
- Kitchen with stainless steel appliances, island, soft‑close cabinets, and full‑height tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,137
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,740
$382.7K
Cap Rate 7%
$273,386
$273.4K
Cap Rate 9%
$212,633
$212.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$29.8K $13.56/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$27.3K $12.43/SF
− OpEx
−$8.2K −$3.73/SF
NOI
$19.1K $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%
$382,740
Cap Rate 7%
$273,386
Cap Rate 9%
$212,633
Alternative Uses
Best Use
Multifamily LT 5
$273.4K
$239.2K – $319.0K
NOI $19,137 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$242.1K
$211.9K – $282.5K
NOI $16,950 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$610.2K
$533.9K – $711.9K
NOI $42,714 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
64
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Newer duplex featuring connected living, dining, and kitchen areas, landscaped grounds, and private outdoor space.
Where is this duplex located?
The property is located at 1074 S Underwood Pl Kennewick, WA.
What is the asking price?
The asking price for this property is $654,850.
What are key features of this property?
This property features: 2,200‑square‑foot duplex with sides identified as A and B; Open main‑level arrangement connecting the great room, kitchen, and dining area; Kitchen with stainless steel appliances, island, soft‑close cabinets, and full‑height tile backsplash
