Four-Unit Apartment
3506 W 1st Ave, Kennewick, WA 99336
For Sale
New
$634,990
Four two-bedroom residences include central air, utility hookups, and dedicated storage for each unit.
Property Size3,544 SF
Price / SF$179.17
Days on Market4
Property Features for 3506 W 1st Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Public Transit
Tenant in Place
Amenities
central air
dedicated tenant storage
large fenced yard
Building Details
Year Built
Listing Agency:
Svn Retter & Company
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:36AM
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 Svn Retter & Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit apartment property contains four 2-bedroom, 1-bathroom residences totaling 3,544 square feet. Each unit has central air, utility hookups, and dedicated tenant storage. The property was built in 1972 and includes a fenced yard and off-street parking.
The building is at 3506 W 1st Ave in Kennewick, Washington. Tenants pay for electricity. Current scheduled rents total $58,200 annually, with monthly collections of $4,850.
The building is at 3506 W 1st Ave in Kennewick, Washington. Tenants pay for electricity. Current scheduled rents total $58,200 annually, with monthly collections of $4,850.
Key Highlights
- Four 2‑bedroom, 1‑bathroom units
- 3,544 square feet; built in 1972
- Central air and utility hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,827
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,540
$616.5K
Cap Rate 7%
$440,386
$440.4K
Cap Rate 9%
$342,522
$342.5K
Market Conditions
NOI Build-Up for 3,544 SF
Gross rent
$48.1K $13.56/SF
− Vacancy
−$4.0K −$1.13/SF
EGI
$44.0K $12.43/SF
− OpEx
−$13.2K −$3.73/SF
NOI
$30.8K $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%
$616,540
Cap Rate 7%
$440,386
Cap Rate 9%
$342,522
Alternative Uses
Best Use
Multifamily LT 5
$440.4K
$385.3K – $513.8K
NOI $30,827 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$390.1K
$341.3K – $455.1K
NOI $27,305 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$983.0K
$860.1K – $1.15M
NOI $68,808 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,089
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences include central air, utility hookups, and dedicated storage for each unit.
Where is this quadplex located?
The property is located at 3506 W 1st Ave Kennewick, WA.
What is the asking price?
The asking price for this property is $634,990.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bathroom units; 3,544 square feet; built in 1972; Central air and utility hookups in each unit
