Five-Unit Apartment Building with
For Sale
$659,999
4110 W Kennewick Ave, Kennewick, WA 99336
Four two-bedroom apartments and a studio provide a mix of unit layouts.
Property Size3,680 SF
Price / SF$179.35
Days on Market180
Property Features for 4110 W Kennewick Ave
General Information
Standard status
Active
Size
3,680 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA (832 SF), 2 x 2BR/1BA (672 SF), 1 x studio (300 SF)
Multifamily Units
5
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,550
Amenities
private patios
additional storage
Building Details
Buildings
1
Listing Agency:
The Schneider Realty Group
Listed By:
Amy Schneider · License #25453
(509) 366-6221
Source:
Exprealty
Added: Apr 15
Changed: Oct 7
Last Checked: Oct 11 at 11:12AM
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 The Schneider Realty Group
Investment Insights
Based on property information with market context.
This 3,680-square-foot apartment property contains five units: four two-bedroom, one-bath apartments and a studio of about 300 square feet. Two apartments are 832 square feet each, while the other two measure 672 square feet each. Private patios serve the apartments, and some units also have additional storage. The building has been recently painted.
A separate area formerly used for laundry and storage offers space that could be converted into another studio apartment. The property is on W. Kennewick Ave. near Union in Kennewick.
A separate area formerly used for laundry and storage offers space that could be converted into another studio apartment. The property is on W. Kennewick Ave. near Union in Kennewick.
Key Highlights
- Five‑unit apartment property with four two‑bedroom, one‑bath units and one studio
- Two apartments measure 832 SF each; two measure 672 SF each
- Studio is about 300 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,353
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,060
$567.1K
Cap Rate 7%
$405,043
$405.0K
Cap Rate 9%
$315,033
$315.0K
Market Conditions
NOI Build-Up for 3,680 SF
Gross rent
$56.5K $15.36/SF
− Vacancy
−$5.0K −$1.35/SF
EGI
$51.6K $14.01/SF
− OpEx
−$23.2K −$6.30/SF
NOI
$28.4K $7.70/SF
Area
Benton County, WA
Vacancy
8.80%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,060
Cap Rate 7%
$405,043
Cap Rate 9%
$315,033
Alternative Uses
Best Use
Apartment 5plus
$405.0K
$354.4K – $472.6K
NOI $28,353 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$893.1K – $1.19M
NOI $71,449 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
815
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
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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?
Apartment building - Four two-bedroom apartments and a studio provide a mix of unit layouts.
Where is this apartment building located?
The property is located at 4110 W Kennewick Ave Kennewick, WA.
What is the asking price?
The asking price for this property is $659,999.
What are key features of this property?
This property features: Five‑unit apartment property with four two‑bedroom, one‑bath units and one studio; Two apartments measure 832 SF each; two measure 672 SF each; Studio is about 300 SF
