1313/1315 Farrell Lane, Richland, WA 99354
- Added:
- Jun 1, 2026
- Days on Market:
- 38
- Last Refresh:
- Jul 8 at 10:06 pm
Property Features for 1313/1315 Farrell Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI-FAMILY RE
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Dining Room, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1
- Parking features
- Garage
- Window features
- Double Pane Windows
- Interior features
- Kitchen/Dining Room Combo, Vinyl
- Basement
- Finished
- Appliances
- Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
- Standard status
- Pending
- APN
- ***
- Size
- 3,600 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3356
Utilities
- Utilities
- Electricity Available
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1944
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Composition
- Roof type
- Composition
Listing agent Janelle Williams License #23018573 (509) 366-3610
Listing office Windermere Group One/Tri-Cities 490 BRADLEY BLVD, Richland, WA (509) 946-1188
Listing date Jun 1, 2026
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
- Renovated duplex with 1,800 SF per unit
- One unit is fully renovated and move‑in ready with 3 bedrooms and 2 bathrooms
- Second unit is tenant‑occupied and includes 3 bedrooms and 2 bathrooms
- Each unit features its own private fenced yard and a dedicated 2‑car garage
- Interior amenities include kitchen/dining room combo, vinyl flooring, and appliances such as dishwasher, microwave, range/oven, and refrigerator
- Electric heating/heat pump with central air; public water and electricity available
Overview
Located in Richland, WA, the property is set on 0.28 acres and is zoned for multi-family residential use (MULTI-FAMILY RE). The listing is for 1313/1315 Farrell Lane (MLS# 293418), providing a duplex configuration with two separate homes on one site.
For tenants, this setup provides privacy and off-street parking through dedicated garages and fenced yard space for each unit. For buyers, it offers an opportunity to own a maintained duplex where one side is immediately available while the other remains tenant-occupied, supporting straightforward, occupant-based planning from day one.
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 | $48.8k | $13.56 |
| − Vacancy | −$4.1k | −$1.13 |
| EGI | $44.7k | $12.43 |
| − OpEx | −$13.4k | −$3.73 |
| NOI | $31.3k | $8.70 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Benton
- State
- Washington
- Longitude
- -119.2888
- Latitude
- 46.3151
