Renovated Duplex on Large
For Sale
$725,000
1402 N Edison Street, Kennewick, WA 99336
Utility infrastructure was upgraded in 2025 alongside extensive property renovation.
Property Size3,349 SF
Price / SF$216.48
Days on Market71
Property Features for 1402 N Edison Street
General Information
Standard status
Active
Size
3,349 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1958
Year Renovated
2025
Buildings
1
Listing Agency:
Simplihom
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Aug 19
Changed: Oct 27
Last Checked: Oct 28 at 8:23AM
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 Simplihom
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Investment Insights
Based on property information with market context.
Located at 1402 N Edison St in Kennewick, Washington, this duplex contains 3,349 SF and occupies a large lot. Extensive renovation work modernized nearly all major property components, while substantial infrastructure improvements were completed in 2025.
Utility systems were upgraded during the redevelopment, including electrical service planning that considered potential future multifamily expansion. The existing two-unit layout provides an established duplex configuration, and utility and infrastructure documentation is available for review.
Utility systems were upgraded during the redevelopment, including electrical service planning that considered potential future multifamily expansion. The existing two-unit layout provides an established duplex configuration, and utility and infrastructure documentation is available for review.
Key Highlights
- 3,349 SF duplex at 1402 N Edison St, Kennewick, WA
- Extensive renovation modernized nearly all major components
- Substantial infrastructure improvements completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,131
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,620
$582.6K
Cap Rate 7%
$416,157
$416.2K
Cap Rate 9%
$323,678
$323.7K
Market Conditions
NOI Build-Up for 3,349 SF
Gross rent
$45.4K $13.56/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$41.6K $12.43/SF
− OpEx
−$12.5K −$3.73/SF
NOI
$29.1K $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%
$582,620
Cap Rate 7%
$416,157
Cap Rate 9%
$323,678
Alternative Uses
Best Use
Multifamily LT 5
$416.2K
$364.1K – $485.5K
NOI $29,131 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$368.6K
$322.5K – $430.1K
NOI $25,803 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$928.9K
$812.8K – $1.08M
NOI $65,022 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
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Business Placement
Demographics for 99336, WA
51,127
Population
20,915
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
85%
High-School Grad
13.4 sq mi
ZIP Area
3,815
Density / Sq Mi
$63,308
Median Household Income
$38,211
Median Earnings
$1,155
Median Rent
$292,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Utility infrastructure was upgraded in 2025 alongside extensive property renovation.
Where is this duplex located?
The property is located at 1402 N Edison Street Kennewick, WA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,349 SF duplex at 1402 N Edison St, Kennewick, WA; Extensive renovation modernized nearly all major components; Substantial infrastructure improvements completed in 2025
