Triplex with
For Sale
$455,000
208 S Dawes, Kennewick, WA 99336
Three separate units include two-bedroom and one-bedroom layouts.
Property Size1,968 SF
Price / SF$231.20
Days on Market55
Property Features for 208 S Dawes
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
the kitchens could benefit from a modern refresh
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
outdoor space
usable backyard area
Building Details
Year Built
1950
Buildings
1
Listing Agency:
HomeSmart Elite Brokers
Listed By:
Paula Elledge · License #PAC868
(509) 308-7800
Source:
Tricitiesrealtygroupllc
Added: Aug 24
Changed: Oct 13
Last Checked: Oct 14 at 8:24PM
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 HomeSmart Elite Brokers
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Investment Insights
Based on property information with market context.
This 1,968-square-foot triplex contains three separate residential units: two with two bedrooms and one bathroom each, plus a one-bedroom, one-bath unit. The kitchens are ready for updating, providing a clear opportunity to customize the interiors while retaining the existing unit configuration.
Outdoor features include mature trees, natural shade, and a usable backyard area. Built in 1950, the property is located at 208 S Dawes in Kennewick, Washington, and offers a mix of unit sizes suited to varied residential occupancy needs.
Outdoor features include mature trees, natural shade, and a usable backyard area. Built in 1950, the property is located at 208 S Dawes in Kennewick, Washington, and offers a mix of unit sizes suited to varied residential occupancy needs.
Key Highlights
- Three‑unit residential property with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- 1,968 square feet of total property size
- Usable backyard area with mature trees and natural shade
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,119
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,380
$342.4K
Cap Rate 7%
$244,557
$244.6K
Cap Rate 9%
$190,211
$190.2K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$26.7K $13.56/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$24.5K $12.43/SF
− OpEx
−$7.3K −$3.73/SF
NOI
$17.1K $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%
$342,380
Cap Rate 7%
$244,557
Cap Rate 9%
$190,211
Alternative Uses
Best Use
Multifamily LT 5
$244.6K
$214.0K – $285.3K
NOI $17,119 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$216.6K
$189.5K – $252.7K
NOI $15,163 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$545.9K
$477.6K – $636.8K
NOI $38,210 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate units include two-bedroom and one-bedroom layouts.
Where is this triplex located?
The property is located at 208 S Dawes Kennewick, WA.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Three‑unit residential property with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 1,968 square feet of total property size; Usable backyard area with mature trees and natural shade
