Four-Plex Income
1121 N Cleveland Street, Kennewick, WA 99336
- Added:
- Jan 29, 2026
- Days on Market:
- 161
- Last Refresh:
- Jul 9 at 1:06 am
Property Features for 1121 N Cleveland Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI-FAMILY RE
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 7, Bedroom 8, Bathroom 2, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 2
- Parking features
- Off Street
- Interior features
- Breakfast Bar, Carpets, Storage, Utility, Tile Bath, Vinyl
- Exterior features
- Lighting, Sprinkler System
- Appliances
- Dishwasher, Refrigerator, Range
- Standard status
- Active
- APN
- ***
- Size
- 4,032 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4603
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1978
- Number of units
- 4
- Flooring type
- Carpet, Tile, Vinyl
- Building materials
- Frame
- Roof type
- Composition
- Additional Structures
- Storage
Listing agent Joyce Wilder Halsey (509) 546-1902
Listing office PNW Collective / Real Broker 507 Knight St, Richland, WA (509) 204-7360
Listing date Jan 29, 2026
MLS# 290155
Listing URL
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
- Four‑plex at 1121 N Cleveland St in Kennewick, built in 1978
- Each unit features 1,008 sq ft with 2 bedrooms and 1 bathroom
- Kitchens include a pantry, breakfast bar, dishwasher, range, and refrigerator
- Living areas offer slider access to a private lower‑level patio or an upper‑level terrace
- Central air plus forced‑air electric (heating); carpet, tile, and vinyl flooring
- Public water and off‑street parking, with a sprinkler system and composition roof
Overview
This property is a well-maintained four-plex at 1121 N Cleveland Street. The building contains four units, and each unit features approximately 1,008 square feet with two bedrooms and one bathroom. Interior layouts include a kitchen with pantry and breakfast bar, along with a dishwasher, range, and refrigerator. Units also provide a dedicated dining area and a large living room with slider access to an outdoor area, which is described as a private lower-level patio or an upper-level terrace, depending on the unit.
Additional unit amenities include generous bedroom closets and utility closets that accommodate a washer and dryer. The property also includes yard space and ample off-street parking to support day-to-day tenant convenience. The listing notes that the property is fully rented.
For buyers seeking a residential income asset, this four-plex offers consistent unit design and practical in-unit features such as dishwashers, in-unit laundry accommodations, and outdoor space. The property is positioned for convenient access to Kennewick amenities and easy highway access off Edison. An additional four-plex at 1115 N Cleveland is available next door, which may support portfolio expansion for qualified buyers.
Additional unit amenities include generous bedroom closets and utility closets that accommodate a washer and dryer. The property also includes yard space and ample off-street parking to support day-to-day tenant convenience. The listing notes that the property is fully rented.
For buyers seeking a residential income asset, this four-plex offers consistent unit design and practical in-unit features such as dishwashers, in-unit laundry accommodations, and outdoor space. The property is positioned for convenient access to Kennewick amenities and easy highway access off Edison. An additional four-plex at 1115 N Cleveland is available next door, which may support portfolio expansion for qualified buyers.
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 | $54.7k | $13.56 |
| − Vacancy | −$4.6k | −$1.13 |
| EGI | $50.1k | $12.43 |
| − OpEx | −$15.0k | −$3.73 |
| NOI | $35.1k | $8.70 |
4,032 SF · lease $13.56/SF/yr · vacancy 8.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$501.0K
$438.4K – $584.5K
NOI $35,072 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$443.8K
$388.3K – $517.8K
NOI $31,065 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$1.12M
$978.5K – $1.30M
NOI $78,283 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
GUZMAN & PAINTING SERVICES
Painting
Location Insight
- Map
- Local Demand
- City
- Kennewick
- County
- Benton
- State
- Washington
- Longitude
- -119.188715
- Latitude
- 46.222779
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained four-plex with two-bedroom units, dedicated outdoor space, and off-street parking for low-maintenance living.
Where is this quadplex located?
The property is located at 1121 N Cleveland Street Kennewick, WA.
What is the asking price?
The asking price for this property is $695,555.
What are key features of this property?
This property features: Four‑plex at 1121 N Cleveland St in Kennewick, built in 1978; Each unit features 1,008 sq ft with 2 bedrooms and 1 bathroom; Kitchens include a pantry, breakfast bar, dishwasher, range, and refrigerator
