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    Kennewick Multifamily Investment Opportunity Title is generated by Realmo AI

    4110 W Kennewick Ave, Kennewick, WA 99336

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    For Sale
    $699,999

    MULTI_FAMILY - Kennewick, WA

    Property size:
    3,680 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $190/SF
    Added:
    May 19, 2026
    Days on Market:
    10
    Last Refresh:
    May 28 at 4:06 pm

    Property Features for 4110 W Kennewick Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MULTI-FAMILY RE
    Bedrooms
    8
    Bathrooms
    5
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 1, Bathroom 5, Bedroom 8, Bathroom 4, Bathroom 2, Bedroom 7, Bedroom 3
    Parking features
    Off Street
    Appliances
    Range/Oven, Refrigerator
    Standard status
    Active
    Size
    3,680 SF
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3550

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1959
    Number of units
    5
    Flooring type
    Carpet, Dining-eat in, New paint

    We can help!

    Listing Contact
    Amy Schneider
    Amy Schneider

    Listing agent Amy Schneider License #25453

    Listing office The Schneider Realty Group 2839 W Kennewick Ave #128, Kennewick, WA

    Listing date May 19, 2026

    MLS# 292164 Listing URL

    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.

    HighLights

    • 5‑plex investment property
    • Centrally located in West Kennewick near amenities
    • Four 2 bed/1 bath units with private patios
    • Potential to convert laundry/storage area into additional studio apartment
    • Recently painted building
    • Includes a studio apartment

    Overview

    This multifamily property is centrally located in West Kennewick on Kennewick Avenue, near Union Street and close to amenities. The property features four two-bedroom, one-bathroom units. Two of these units offer 832 square feet of living space, while the other two provide 672 square feet, each with private patios and some with additional storage. Additionally, there is a studio apartment with approximately 300 square feet. An extra space, formerly used for laundry and storage, presents the possibility of conversion into another studio apartment. The building has been recently painted. The property is located on a 0.309-acre lot. The total building size is 3,680 square feet. The zoning is multi-family residential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Center Woul Home Inspector

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.174925
    Latitude
    46.210014

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    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property in central Kennewick, WA.
    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 $699,999.
    What are key features of this property?
    This property features: 5‑plex investment property; Centrally located in West Kennewick near amenities; Four 2 bed/1 bath units with private patios
    (509) 366-6221
    We can help!
    Listing Contact
    Amy Schneider
    Amy Schneider
    Real Estate License ID: 25453
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    4110 W Kennewick Ave, Kennewick, WA 99336
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