Renovated Duplex with Fourplex
For Sale
$725,000
1402 N Edison Street, Kennewick, WA 99336
Residential Income, Kennewick, WA
Property Size3,349 SF
Lot Size0.50 Acres
Price / SF$216.48
Days on Market97
Property Features for 1402 N Edison Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bathroom 4, Bedroom 5, Bathroom 3, Dining Room, Bathroom 2, Bathroom 1
Parking features
Off Street
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Deck
Interior features
Bath Off Primary, Raised Ceiling(s), Vaulted Ceiling(s), Dining/Living Room Combo, Walk-In Closet(s), Ceiling Fan(s), New Floor Cover, New Paint, Vinyl, Master Suite
Exterior features
Storage Building, Fencing/Enclosed
Fencing
Fenced
Appliances
Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
Subdivision
SHORT PLAT
Lot features
Partial Irrigated, Loc in City Limits
Elementary school district
KENNEWICK
Middle school district
KENNEWICK
High school district
KENNEWICK
Directions
Turn into driveway from Edison Street near Canal Street.
Standard status
Active
APN
133991020007004
Size
3,349 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2927
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Heat Pump (Heating), Forced Air
Cooling system
Electric, Heat Pump
Water source
Public
Building Details
Year built
2025
Number of units
2
Flooring type
New floor cover, Vinyl
Building materials
Cement Board
Roof type
Composition
Additional Structures
Storage
Buildings
1
Listing Agency:
Retter and Company Sotheby's · Sotheby's International Realty
(509) 783-8811
Listed By:
Monroe Davis
(509) 528-2178
Added: Jul 30
Changed: Oct 30
Last Checked: Nov 3 at 12:06AM
MLS# 295125
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.
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Investment Insights
Based on property information with market context.
This duplex contains two three-bedroom, two-bath residences, each measuring approximately 1,600 square feet. A major interior renovation included replacement of some original framing, along with LVP flooring, quartz countertops, and soft-close cabinetry, doors, and drawers. Both units are vacant. The property also includes a fenced lot of 0.4987 acres, a storage building, and off-street parking.
Utility upgrades completed during the 2025 renovation were designed to potentially accommodate a fourplex. Any additional units remain subject to zoning, permitting, and applicable approvals. The property is zoned Residential.
Utility upgrades completed during the 2025 renovation were designed to potentially accommodate a fourplex. Any additional units remain subject to zoning, permitting, and applicable approvals. The property is zoned Residential.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Approximately 1,600 SF per residence; property size is listed as 3,349 square feet
- Both units are vacant
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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Lease Details
2
Residential units
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 - Two vacant residences feature updated interiors, with utility improvements intended to support potential future four-unit use, subject to approvals.
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: Two residences, each with 3 bedrooms and 2 bathrooms; Approximately 1,600 SF per residence; property size is listed as 3,349 square feet; Both units are vacant
