Residential Income Property with
For Sale
$285,000
4214 W Klamath Ave # B7, Kennewick, WA 99336
The condo includes three bedrooms, a private balcony, and access to shared recreation and fitness amenities.
Property Size1,646 SF
Price / SF$173.15
Days on Market80
Property Features for 4214 W Klamath Ave # B7
General Information
Standard status
Active
Size
1,646 SF
Property subtype
Site Built-Owned Lot
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,075
Amenities
pool
pool house
gym
his and her bathrooms
saunas
basketball hoops
pickleball court
dog park
RV/boat parking
private balcony
patio
Building Details
Building Size
1,646 SF
Year Built
1974
Listing Agency:
HomeSmart Elite Brokers
Listed By:
Kellen Belew · License #114951
(509) 412-2058
Source:
Desertedgerealtygroup
Added: Aug 10
Changed: Oct 27
Last Checked: Oct 27 at 3:28AM
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 HomeSmart Elite Brokers
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Investment Insights
Based on property information with market context.
This 1,646-square-foot condo, built in 1974, has three bedrooms, vaulted ceilings in the living and dining rooms, and a kitchen with stainless steel appliances and a seating area. The layout also includes a powder room, pantry, storage closet, laundry room with a utility sink, and garage entry. The primary bedroom features a walk-in tiled shower and access to a private upstairs balcony measuring almost 120 square feet.
Shared amenities include a pool, pool house, gym, saunas, basketball hoops, pickleball court, dog park, and RV/boat parking. The landscaped courtyard includes mature flowering and evergreen trees.
Shared amenities include a pool, pool house, gym, saunas, basketball hoops, pickleball court, dog park, and RV/boat parking. The landscaped courtyard includes mature flowering and evergreen trees.
Key Highlights
- 1,646‑square‑foot condo with three bedrooms
- Private upstairs balcony measuring almost 120 sq ft
- Kitchen equipped with stainless steel appliances and a seating area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,682
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,640
$253.6K
Cap Rate 7%
$181,171
$181.2K
Cap Rate 9%
$140,911
$140.9K
Market Conditions
NOI Build-Up for 1,646 SF
Gross rent
$25.3K $15.36/SF
− Vacancy
−$2.2K −$1.35/SF
EGI
$23.1K $14.01/SF
− OpEx
−$10.4K −$6.30/SF
NOI
$12.7K $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%
$253,640
Cap Rate 7%
$181,171
Cap Rate 9%
$140,911
Alternative Uses
Best Use
Apartment 5plus
$181.2K
$158.5K – $211.4K
NOI $12,682 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.5K
$399.5K – $532.6K
NOI $31,958 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
630
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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Frequently Asked Questions
What type of property is this?
Residential income property - The condo includes three bedrooms, a private balcony, and access to shared recreation and fitness amenities.
Where is this residential income property located?
The property is located at 4214 W Klamath Ave # B7 Kennewick, WA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,646‑square‑foot condo with three bedrooms; Private upstairs balcony measuring almost 120 sq ft; Kitchen equipped with stainless steel appliances and a seating area
