Duplex Townhome with
New
For Sale
$558,000
3513 W 7th Ave, Kennewick, WA 99336
Each residence offers a private patio, upper-level bedrooms, and a one-car garage with driveway parking.
Property Size2,400 SF
Price / SF$232.50
Days on Market6
Property Features for 3513 W 7th Ave
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Land
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
private patio
Building Details
Year Built
2020
Buildings
1
Tenancy
Single
Listing Agency:
Simplihom
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
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 Simplihom
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Investment Insights
Based on property information with market context.
Built in 2020, this duplex townhome contains two 3-bedroom, 2.5-bath residences, with 2,400 square feet of total property area. Each unit has living and dining areas connected to the kitchen, plus a half bath on the first floor. Upstairs, the primary bedroom includes an ensuite, accompanied by two additional bedrooms and a hall bath. A laundry closet is also located on the upper level.
Each side has a one-car garage, driveway space for off-street parking, and a private rear patio designed for low-maintenance use. The property is in Kennewick, Washington. One unit is currently available for viewing; the other is tenant-occupied.
Each side has a one-car garage, driveway space for off-street parking, and a private rear patio designed for low-maintenance use. The property is in Kennewick, Washington. One unit is currently available for viewing; the other is tenant-occupied.
Key Highlights
- 2020 construction with two 3‑bedroom, 2.5‑bath units
- 2,400 square feet total
- One‑car garage and driveway parking for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,876
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,520
$417.5K
Cap Rate 7%
$298,229
$298.2K
Cap Rate 9%
$231,956
$232.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$32.5K $13.56/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$29.8K $12.43/SF
− OpEx
−$8.9K −$3.73/SF
NOI
$20.9K $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%
$417,520
Cap Rate 7%
$298,229
Cap Rate 9%
$231,956
Alternative Uses
Best Use
Multifamily LT 5
$298.2K
$261.0K – $347.9K
NOI $20,876 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$264.2K
$231.1K – $308.2K
NOI $18,491 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$665.7K
$582.5K – $776.6K
NOI $46,597 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a private patio, upper-level bedrooms, and a one-car garage with driveway parking.
Where is this duplex located?
The property is located at 3513 W 7th Ave Kennewick, WA.
What is the asking price?
The asking price for this property is $558,000.
What are key features of this property?
This property features: 2020 construction with two 3‑bedroom, 2.5‑bath units; 2,400 square feet total; One‑car garage and driveway parking for each residence
