Four-Unit Multifamily
For Sale
$634,990
3506 W 1st Ave, Kennewick, WA 99336
Residential Income, Kennewick, WA
Property Size3,544 SF
Lot Size0.24 Acres
Price / SF$179.17
Days on Market200
Property Features for 3506 W 1st Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI-FAMILY RE
Bedrooms
2
Bathrooms
1
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Dining Room
Parking features
Off Street
Patio and Porch features
Deck
Interior features
Carpets, Dining/Living Room Combo, Drapes/Blinds, Storage, Utility Room
Exterior features
Fencing/Enclosed
Fencing
Fenced
Appliances
Dishwasher, Disposal, Range/Oven
Subdivision
Kennewick Cntrl
Lot features
Located in County
Elementary school district
KENNEWICK
Middle school district
KENNEWICK
High school district
KENNEWICK
Directions
395 S. to W. on Kenn Ave to S.on Morain to E. on 1st
Standard status
Active
APN
103891070001009
Size
3,544 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3024
Utilities
Utilities
Electricity Available
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Amenities
central air
utility hookups
dedicated tenant storage
large fenced yard
off-street parking
Building Details
Year built
1972
Number of units
4
Flooring type
Carpet
Building materials
T1-11, Wood Siding
Roof type
Built-Up
Additional Structures
Storage
Listing Agency:
EXP Realty, LLC Tri Cities
(888) 317-5197
Listed By:
C. Todd Watkins · License #26297
(509) 947-3741
Added: Mar 25
Changed: Oct 7
Last Checked: Oct 10 at 11:06AM
MLS# 291548
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.
Investment Insights
Based on property information with market context.
This 3,544-square-foot quadplex contains four two-bedroom, one-bath units built in 1972. Each residence includes central air, electric forced-air heating, utility hookups, storage, and a combination dining and living area. Interior features include carpet, drapes or blinds, and kitchen appliances including a dishwasher, disposal, and range/oven. A deck, built-up roof, wood siding, and T1-11 construction are also part of the improvements.
The 0.24-acre property has a fenced yard and off-street parking. Public water is available, and electricity is available for the property. The asset is zoned MULTI-FAMILY RE and is located in Kennewick, Washington.
Current gross scheduled rent is $58,200 per year, or $4,850 per month. Tenants pay electricity, while landlord-paid expenses include property taxes, insurance, water/sewer, and garbage. The property has four established residential units with dedicated tenant storage and shared outdoor space.
The 0.24-acre property has a fenced yard and off-street parking. Public water is available, and electricity is available for the property. The asset is zoned MULTI-FAMILY RE and is located in Kennewick, Washington.
Current gross scheduled rent is $58,200 per year, or $4,850 per month. Tenants pay electricity, while landlord-paid expenses include property taxes, insurance, water/sewer, and garbage. The property has four established residential units with dedicated tenant storage and shared outdoor space.
Key Highlights
- Four 2BR/1BA units in a 3,544‑square‑foot quadplex
- Built in 1972 on 0.24 acres
- Central air and electric forced‑air heating
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.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences with central air, private storage, fenced outdoor space, and off-street parking.
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 2BR/1BA units in a 3,544‑square‑foot quadplex; Built in 1972 on 0.24 acres; Central air and electric forced‑air heating
