Four-Unit
3506 W 1st Ave, Kennewick, WA 99336
For Sale
$634,990
Residential Income, Kennewick, WA
Property Size3,544 SF
Lot Size0.24 Acres
Price / SF$179.17
Days on Market228
Property Features for 3506 W 1st Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Cooling system
Water source
Amenities
central air
dedicated tenant storage
large fenced yard
off-street parking
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Listing Agency:
EXP Realty, LLC Tri Cities
(888) 317-5197
Listed By:
C. Todd Watkins · License #26297
(509) 947-3741
Added: Mar 25
Changed: Nov 3
Last Checked: Nov 7 at 9:06PM
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.
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Investment Insights
Based on property information with market context.
This 3,544-square-foot quadplex contains four two-bedroom, one-bathroom residences. The property was built in 1972 and includes central air, utility connections, and separate storage for tenants. A deck and enclosed yard provide additional outdoor space, while off-street parking serves the property. The zoning is designated MULTI-FAMILY RE.
The site covers 0.24 acres. Electricity is available, and the property is served by public water. Tenants are responsible for their electricity costs; occupants have averaged more than seven years in place.
The site covers 0.24 acres. Electricity is available, and the property is served by public water. Tenants are responsible for their electricity costs; occupants have averaged more than seven years in place.
Key Highlights
- Four residences, each with 2 bedrooms and 1 bathroom
- 3,544 square feet on a 0.24‑acre site
- MULTI‑FAMILY RE zoning
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
Multi-tenant
Tenancy
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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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 - Each residence has a two-bedroom layout, central air, utility connections, and assigned tenant storage.
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 residences, each with 2 bedrooms and 1 bathroom; 3,544 square feet on a 0.24‑acre site; MULTI‑FAMILY RE zoning
