Duplex with Open
1162 S Underwood Pl, Kennewick, WA 99337
For Sale
$673,850
The 2,569-square-foot property includes two units identified as 110 and 120, with landscaped outdoor areas and partial vinyl fencing.
Property Size2,569 SF
Price / SF$262.30
Days on Market174
Property Features for 1162 S Underwood Pl
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Buildings
Listing Agency:
Coldwell Banker Tomlinson
(509) 783-4147
Listed By:
Jesse Irwin
(509) 205-9090
Source:
Exprealty
Added: May 18
Changed: Nov 7
Last Checked: Nov 7 at 6:36PM
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 two-unit residential property totals 2,569 square feet, with the left side designated Unit 110 and the right side Unit 120. The described layout connects the living, kitchen, and dining areas in an open plan. Kitchen features include stainless steel appliances, an island, full-height tile backsplash, and cabinets with soft-close doors and drawers. Upstairs are a primary bedroom with an en-suite bathroom and walk-in closet, two additional bedrooms, and a full bathroom.
An open patio provides outdoor space, and the yard has landscaping, underground sprinklers, and partial vinyl fencing.
An open patio provides outdoor space, and the yard has landscaping, underground sprinklers, and partial vinyl fencing.
Key Highlights
- 2,569‑square‑foot duplex with units 110 and 120
- Open‑concept living, kitchen, and dining area
- Kitchen with stainless steel appliances, island, and full‑height tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,346
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,920
$446.9K
Cap Rate 7%
$319,229
$319.2K
Cap Rate 9%
$248,289
$248.3K
Market Conditions
NOI Build-Up for 2,569 SF
Gross rent
$34.8K $13.56/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$31.9K $12.43/SF
− OpEx
−$9.6K −$3.73/SF
NOI
$22.3K $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%
$446,920
Cap Rate 7%
$319,229
Cap Rate 9%
$248,289
Alternative Uses
Best Use
Multifamily LT 5
$319.2K
$279.3K – $372.4K
NOI $22,346 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$282.8K
$247.4K – $329.9K
NOI $19,793 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$712.5K
$623.5K – $831.3K
NOI $49,878 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
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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
$356,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Benton County, WA
Properties on Market for Duplexes in Benton County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The 2,569-square-foot property includes two units identified as 110 and 120, with landscaped outdoor areas and partial vinyl fencing.
Where is this duplex located?
The property is located at 1162 S Underwood Pl Kennewick, WA.
What is the asking price?
The asking price for this property is $673,850.
What are key features of this property?
This property features: 2,569‑square‑foot duplex with units 110 and 120; Open‑concept living, kitchen, and dining area; Kitchen with stainless steel appliances, island, and full‑height tile backsplash
