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    Manufactured Home and Shop Property Title is generated by Realmo AI

    24524 S Oak Street, Kennewick, WA 99337

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    Claim this Listing
    New
    For Sale
    $699,000

    MULTI_FAMILY - Kennewick, WA

    Property size:
    2,118 SF
    Lot size:
    1.19 Acres
    Price / SF:
    $330/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 3:06 pm

    Property Features for 24524 S Oak Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 2
    Parking features
    Garage
    Patio and Porch features
    Deck
    Exterior features
    Fencing/Enclosed, Deck
    Fencing
    Fenced
    Appliances
    Dishwasher, Range/Oven, Refrigerator
    Standard status
    Active
    Size
    2,118 SF
    Lot size
    1.19 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    3543

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1972
    Number of units
    2

    We can help!

    Listing Contact
    Patrick Scacco

    Listing agent Patrick Scacco License #13557

    Listing office Beacon Realty & Property Manag 636 Jadwin Ave Suite A, PASCO, WA

    Listing date Jun 5, 2026

    MLS# 293584 Listing URL

    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

    • Two updated manufactured homes: 1,206 SF (3 bedrooms plus 2 bonus rooms, 2 baths) and 912 SF (2 bedrooms plus den, 1 bath)
    • Both manufactured homes are currently rented for $2,200 and $1,750
    • Two oversized shops on site: 36x72 and 16x46
    • Zoned RL‑5 with some commercial availability inside the shop
    • Forced‑air heating and central air in both homes
    • Garage parking, fenced yard, and a deck

    Overview

    The property includes two manufactured homes plus two oversized shops on a single lot. The first home is 1,206 square feet with three bedrooms, two bonus rooms, and two baths. The second home is 912 square feet with two bedrooms, a den, and one bath. Both manufactured homes have had extensive updates, including kitchen, baths, flooring, and paint.

    Two separate shop buildings provide substantial area for storage, light work, or additional leasing. One shop measures 36 by 72, and the other measures 16 by 46. The property is zoned RL-5, which the listing notes allows some commercial availability within the shop areas.

    From a tenant and operator standpoint, the configuration supports multiple income streams: the manufactured homes are currently rented, and the shops may offer further opportunity depending on how they’re leased. The listing states the homes are rented for $2,200 and $1,750. Buyers evaluating the site will want to review the practical range of uses allowed under RL-5 for the shop spaces, given the property’s noted commercial availability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Spa & Massage Center Dental Office Auto Repair Shop Kitchen & Bath Showroom Veterinary Clinic Plumbing Service Pet Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.099578
    Latitude
    46.174269

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    FAQs

    What type of property is this?
    Single family property - Two updated manufactured homes with oversized shops offer rental income and flexible commercial space under RL-5 zoning.
    Where is this single family property located?
    The property is located at 24524 S Oak Street Kennewick, WA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Two updated manufactured homes: 1,206 SF (3 bedrooms plus 2 bonus rooms, 2 baths) and 912 SF (2 bedrooms plus den, 1 bath); Both manufactured homes are currently rented for $2,200 and $1,750; Two oversized shops on site: 36x72 and 16x46
    (509) 539-9385
    We can help!
    Listing Contact
    Patrick Scacco
    Real Estate License ID: 13557
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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