Multi-Unit Property with
24524 S Oak Street, Kennewick, WA 99337
MULTI_FAMILY - Kennewick, WA
Property size:
6,413 SFLot size:
1.19 AcresPrice / SF:
$108/SF- Added:
- May 30, 2026
- Days on Market:
- 41
- Last Refresh:
- Jul 9 at 2:06 am
Property Features for 24524 S Oak Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
- Parking features
- Garage
- Patio and Porch features
- Deck
- Exterior features
- Fencing/Enclosed
- Fencing
- Fenced
- Appliances
- Dishwasher, Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 118804010591003
- Size
- 6,413 SF
- Lot size
- 1.19 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3543
Utilities
- Utilities
- Electricity Available
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1972
- Number of units
- 2
- Building materials
- Metal Siding, Wood Siding
Listing agent Patrick Scacco License #13557 (509) 539-9385
Listing office Beacon Realty & Property Manag 636 Jadwin Ave Suite A, PASCO, WA (509) 737-8080
Listing date May 30, 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 manufactured homes: 1,381 SF (3 bedrooms plus 2 bonus rooms, 2 baths) and 912 SF (2 bedrooms plus den, 1 bath)
- Extensively updated manufactured homes, including kitchen, baths, flooring, and paint
- Two oversized shops: 3,384 SF and 736 SF, with additional income potential by leasing the shop(s)
- Current rental income: $2,200 (house/manufactured home) and $1,750 (house/manufactured home)
- Pro forma cap rate of 7.8%
- Zoned RL‑5 with allowable commercial uses; utilities include electricity, with well water and septic tank
Overview
This for-sale property includes two manufactured homes and two oversized shops on a 1.19-acre lot. One home is 1,381 square feet and offers three bedrooms plus two bonus rooms and two bathrooms. The second home is 912 square feet with two bedrooms, a den, and one bathroom. Both manufactured homes have had extensive updates, including kitchen, bath, flooring, and paint. The property also features two shops totaling 4,120 square feet, including a 3,384-square-foot shop and a 736-square-foot shop. Gross building area is listed at 6,413 square feet covering the homes and shops.
The site is located at 24524 S Oak Street in Kennewick, Washington (Benton County). The property is zoned RL-5, which the listing states allows for certain commercial uses. The homes are currently rented, and additional income may be available by leasing the shops.
For buyers seeking a combination of income-producing residential units and flexible workspace, the updated condition of both manufactured homes supports an easier transition for tenants and operators. The two separate shop sizes can accommodate a range of uses depending on how they are leased, with the overall setup offering on-site residential and shop space within a single parcel under RL-5 zoning.
The site is located at 24524 S Oak Street in Kennewick, Washington (Benton County). The property is zoned RL-5, which the listing states allows for certain commercial uses. The homes are currently rented, and additional income may be available by leasing the shops.
For buyers seeking a combination of income-producing residential units and flexible workspace, the updated condition of both manufactured homes supports an easier transition for tenants and operators. The two separate shop sizes can accommodate a range of uses depending on how they are leased, with the overall setup offering on-site residential and shop space within a single parcel under RL-5 zoning.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.7k | $13.20 |
| − Vacancy | −$6.4k | −$1.00 |
| EGI | $78.2k | $12.20 |
| − OpEx | −$27.4k | −$4.27 |
| NOI | $50.8k | $7.93 |
6,413 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$726.3K
$635.5K – $847.4K
NOI $50,842 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$705.8K
$617.6K – $823.5K
NOI $49,409 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,511 @ 7.0% cap · market cap 17.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Kennewick
- County
- Benton
- State
- Washington
- Longitude
- -119.099578
- Latitude
- 46.174269
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Two updated manufactured homes plus two oversized shops provide flexible residential and commercial zoning options.
Where is this residential income 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 manufactured homes: 1,381 SF (3 bedrooms plus 2 bonus rooms, 2 baths) and 912 SF (2 bedrooms plus den, 1 bath); Extensively updated manufactured homes, including kitchen, baths, flooring, and paint; Two oversized shops: 3,384 SF and 736 SF, with additional income potential by leasing the shop(s)
