Listing Agency: VRG Realty LLC t***@vrgrealty.com Show Phone

Listed By: Nate Biehl · License #2252 Show Phone

Source: Exprealty

Added: May 25 Changed: Oct 8 Last Checked: Oct 16 at 12:02PM

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Investment Insights

Based on property information with market context.

This 3,056-square-foot duplex contains two residential units, each arranged with an open-concept great room, dining area, and kitchen. Sliding doors connect the dining space to a private backyard. Each unit includes 4 bedrooms, 2.5 bathrooms, a primary suite with its own bath and walk-in closet, plus a separate laundry room with hookups.

The property provides a single-car garage and additional off-street parking for each unit. Individually fenced yard areas include grass and patio space. The address is near parks, schools, shopping, dining, and entertainment in College Place, Washington. A neighboring duplex is also available for a potential package transaction.

Key Highlights

• 3,056‑square‑foot duplex with 2 residential units
• Each unit has 4 bedrooms and 2.5 bathrooms
• Open‑concept great room, dining area, and kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,942

Cap Rate

3.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$498,840 $498.8K

Cap Rate 7%

$356,314 $356.3K

Cap Rate 9%

$277,133 $277.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,056 SF

Gross rent

$37.0K $12.12/SF

− Vacancy

−$1.4K −$0.46/SF

EGI

$35.6K $11.66/SF

− OpEx

−$10.7K −$3.50/SF

NOI

$24.9K $8.16/SF

Area

Walla Walla County, WA

Vacancy

3.80%

Lease Rate

$12.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$498,840

Cap Rate 7%

$356,314

Cap Rate 9%

$277,133

Alternative Uses

Best Use

Multifamily LT 5

$356.3K

$311.8K – $415.7K (±1% cap)

NOI $24,942 @ 7.0% cap · market cap 3.70%

Second Best

Apartment 5plus

$311.2K

$272.3K – $363.1K (±1% cap)

NOI $21,783 @ 7.0% cap · market cap 3.23%

Theoretical Best

Office A

$719.2K

$629.3K – $839.1K (±1% cap)

NOI $50,343 @ 7.0% cap · market cap 7.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Restaurant Pharmacy Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

287

Businesses Nearby

Explore this area Business Placement

Demographics for 99324, WA

10,226

Population

3,601

Households

2.8

Avg Household Size

36

Median Age

37%

College-Educated

89%

High-School Grad

2.8 sq mi

ZIP Area

3,652

Density / Sq Mi

$64,485

Median Household Income

$29,650

Median Earnings

$1,121

Median Rent

$338,600

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Similar For Sale Nearby

See more

Four-Bedroom Duplex with Garages

218 E Whitman Dr, College Place, WA 99324

$675,000

3,056 SF

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Two-Unit Duplex Income Property

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Contact for pricing

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Three-Unit Multifamily Property

3-1420 S College Ave, College Place, WA 99324

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Multifamily Property with Detached ADU

26 Sw 13th, College Place, WA 99324

$459,000

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Updated Apartment Building

204 SE 12th St, College Place, WA 99324

$995,000

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Bell-Saxby Building

48 College Ave, College Place, WA 99324

Contact for pricing

1,500 SF

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Triplex with Private Yards

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer open layouts, individual garages, laundry hookups, fenced yards, and patios.

Where is this duplex located?

The property is located at 226 E Whitman Dr College Place, WA.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 3,056‑square‑foot duplex with 2 residential units; Each unit has 4 bedrooms and 2.5 bathrooms; Open‑concept great room, dining area, and kitchen