Two-Unit Duplex with
1217-1219 McPherson Ave Richland, WA 99354
For Sale
$510,000
MULTI_FAMILY - Richland, WA
Property Size3,526 SF
Lot Size0.19 Acres
Price / SF$144.64
Days on Market108
Property Features for 1217-1219 McPherson Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- MULTI-FAMILY RE
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Dining Room, Bathroom 1, Bedroom 5
- Parking features
- Off Street
- Window features
- Vinyl Frames
- Interior features
- Breakfast Bar, Carpets, Kitchen/Dining Room Combo, Dining/Living Room Combo, Storage, Utility Room, Ceiling Fan(s)
- Exterior features
- Fencing/Partial
- Fencing
- Fenced
- Basement
- Partially Finished
- Appliances
- Dishwasher, Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 110981020605005
- Size
- 3,526 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 3649
- Tax Annual Amount
- 2026
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air, Baseboard
- Cooling system
- Electric, Window Unit(s), Central Air, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1944
- Number of units
- 2
- Flooring type
- Carpet
- Building materials
- Cement Board
- Roof type
- Composition
- Additional Structures
- Storage
Listing Agency:
HomeSmart Elite Brokers
(509) 371-9085
Listed By:
Trish Rudolph · License #118373
(509) 528-5175
Added: Apr 7
Changed: Jul 23
Last Checked: Jul 23 at 9:06PM
MLS# 291896
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.
Investment Insights
Based on property information with market context.
This updated duplex consists of two fully finished units, each with its own two-story layout and a basement. The basements provide additional usable space that can serve as extra family room or flex space. Overall, the property totals 3,526 square feet with a combined configuration of 6 bedrooms and 2 bathrooms.
The property sits on a 0.19-acre lot in central Richland, in a well-established neighborhood close to schools, parks, and everyday amenities. It also features a covered back patio.
With both units set up as distinct living spaces, the duplex supports a straightforward income setup or an owner-occupancy arrangement while still generating additional rental income.
The property sits on a 0.19-acre lot in central Richland, in a well-established neighborhood close to schools, parks, and everyday amenities. It also features a covered back patio.
With both units set up as distinct living spaces, the duplex supports a straightforward income setup or an owner-occupancy arrangement while still generating additional rental income.
Key Highlights
- Spacious duplex with 3,526 total SF across two fully finished units on a 0.19‑acre lot
- Each unit features a two‑story layout plus its own basement for added usable space and flex options
- Total of 6 bedrooms and 2 bathrooms across the duplex
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 | $47.8k | $13.56 |
| − Vacancy | −$4.0k | −$1.13 |
| EGI | $43.8k | $12.43 |
| − OpEx | −$13.1k | −$3.73 |
| NOI | $30.7k | $8.70 |
3,526 SF · lease $13.56/SF/yr · vacancy 8.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.2K
$383.4K – $511.2K
NOI $30,671 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$388.1K
$339.6K – $452.8K
NOI $27,166 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$978.0K
$855.7K – $1.14M
NOI $68,459 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated duplex on a 0.19-acre lot with two finished two-story units, each including a basement for extra living space.
Where is this duplex located?
The property is located at 1217-1219 McPherson Ave Richland, WA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Spacious duplex with 3,526 total SF across two fully finished units on a 0.19‑acre lot; Each unit features a two‑story layout plus its own basement for added usable space and flex options; Total of 6 bedrooms and 2 bathrooms across the duplex
