Two-Story 4-Plex with Off-Street
3401 W 1st Place, Kennewick, WA 99336
MULTI_FAMILY - Kennewick, WA
Property size:
4,512 SFLot size:
0.28 AcresPrice / SF:
$166/SF- Added:
- Jun 20, 2026
- Days on Market:
- 20
- Last Refresh:
- Jul 9 at 4:06 am
Property Features for 3401 W 1st Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI-FAMILY RE
- Bedrooms
- 12
- Bathrooms
- 6
- Rooms
- Bedroom 10, Bedroom 11, Bedroom 6, Bedroom 8, Bedroom 5, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 3, Bathroom 4, Bedroom 1, Dining Room, Bedroom 2, Bedroom 9, Bedroom 12, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 6
- Parking features
- Off Street
- Window features
- Double Pane Windows, Vinyl Frames
- Patio and Porch features
- Deck
- Interior features
- Carpets, Dining/Living Room Combo, Utility Room, New Floor Cover
- Exterior features
- Fencing/Partial, Cul-de-Sac
- Fencing
- Fenced
- Appliances
- Dishwasher, Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 103891070004004
- Size
- 4,512 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4325
Utilities
- Utilities
- Electricity Available
- Heating system
- Electric (Heating), Heat Pump (Heating), Forced Air
- Cooling system
- Electric, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1978
- Number of units
- 4
- Flooring type
- New floor cover, Laminate, Carpet
- Building materials
- Wood Siding, Frame
- Roof type
- Composition
Listing agent John Keltch (509) 727-1001
Listing office Windermere Group One/Tri-Cities 490 BRADLEY BLVD, Richland, WA (509) 946-1188
Listing date Jun 20, 2026
MLS# 294042
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
- 2‑story 4‑plex with all units featuring 3 bedrooms and 1.5 bathrooms
- Laundry hookups in each unit, with dishwasher, range/oven, and refrigerator included
- Off‑street parking and a fenced property in a cul‑de‑sac setting
- Electric heating/cooling with forced air and a heat pump; electric wall units for cooling
- New floor cover plus laminate and carpet flooring
- Built in 1978 with composition roof and wood siding/frame construction; public water and electricity available
Overview
This two-story 4-plex provides four separate residential units, with each unit featuring three bedrooms, 1.5 bathrooms, and laundry hookups. The property is situated on a cul-de-sac setting and includes off-street parking, supporting everyday tenant needs.
Located at 3401 W 1st Place in Kennewick, Washington, the building is positioned in an area with other multi-family properties and is described as centrally located in West Kennewick. The site totals 0.28 acres, and the property size is listed at 4,512 square feet. Zoning is identified as MULTI-FAMILY RE.
For investors or owner-operators looking at residential income properties, this configuration offers a straightforward 4-unit layout with consistent unit features across all homes. With laundry hookups in every unit and parking available off-street, the building is designed to support practical day-to-day living for tenants. The offering is listed for sale and may be suitable for both first-time and experienced investors evaluating a small multifamily asset in Kennewick.
Located at 3401 W 1st Place in Kennewick, Washington, the building is positioned in an area with other multi-family properties and is described as centrally located in West Kennewick. The site totals 0.28 acres, and the property size is listed at 4,512 square feet. Zoning is identified as MULTI-FAMILY RE.
For investors or owner-operators looking at residential income properties, this configuration offers a straightforward 4-unit layout with consistent unit features across all homes. With laundry hookups in every unit and parking available off-street, the building is designed to support practical day-to-day living for tenants. The offering is listed for sale and may be suitable for both first-time and experienced investors evaluating a small multifamily asset in Kennewick.
Local Financial Insights For Multifamily LT 5
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 | $61.2k | $13.56 |
| − Vacancy | −$5.1k | −$1.13 |
| EGI | $56.1k | $12.43 |
| − OpEx | −$16.8k | −$3.73 |
| NOI | $39.2k | $8.70 |
4,512 SF · lease $13.56/SF/yr · vacancy 8.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$560.7K
$490.6K – $654.1K
NOI $39,247 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$496.6K
$434.5K – $579.4K
NOI $34,763 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,602 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Kennewick
- County
- Benton
- State
- Washington
- Longitude
- -119.1678782
- Latitude
- 46.2080448
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Each unit offers three bedrooms, 1.5 baths, and laundry hookups, with off-street parking for residents.
Where is this quadplex located?
The property is located at 3401 W 1st Place Kennewick, WA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2‑story 4‑plex with all units featuring 3 bedrooms and 1.5 bathrooms; Laundry hookups in each unit, with dishwasher, range/oven, and refrigerator included; Off‑street parking and a fenced property in a cul‑de‑sac setting
