Three-Bedroom Residential Income
For Sale
$285,000
Pending
4214 W Klamath Ave, Kennewick, WA 99336
Condominium residence with private balcony, attached garage, and access to extensive shared recreation amenities.
Property Size1,646 SF
Days on Market78
Property Features for 4214 W Klamath Ave
General Information
Standard status
Pending
Size
1,646 SF
Property subtype
Land
Building Details
Year Built
1974
Listing Agency:
Simplihom
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Aug 12
Changed: Oct 27
Last Checked: Oct 28 at 8:14AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,646-square-foot condominium residence, built in 1974, includes three bedrooms and a practical multi-level layout. The main level features a stainless-steel appliance package, seating area, powder room, pantry, storage closet, garage entry, and laundry room with a deep utility sink. Vaulted living and dining areas add volume, while the primary bedroom includes a tiled walk-in shower and access to a private upstairs balcony measuring almost 120 square feet.
Shared amenities include a pool, pool house, gym, separate men’s and women’s bathrooms, saunas, basketball hoops, pickleball court, dog park, and RV/boat parking. The landscaped courtyard incorporates mature flowering and evergreen trees, and the residence offers views across the river toward Pasco from its bedrooms and balcony.
Shared amenities include a pool, pool house, gym, separate men’s and women’s bathrooms, saunas, basketball hoops, pickleball court, dog park, and RV/boat parking. The landscaped courtyard incorporates mature flowering and evergreen trees, and the residence offers views across the river toward Pasco from its bedrooms and balcony.
Key Highlights
- 1,646‑square‑foot condominium residence with three bedrooms
- Private upstairs balcony measuring almost 120 sq ft
- Attached garage entry, pantry, storage, and laundry room with deep utility sink
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
Location Intelligence
Trade Area within ½ mile
630
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
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with private balcony, attached garage, and access to extensive shared recreation amenities.
Where is this residential income property located?
The property is located at 4214 W Klamath Ave 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 condominium residence with three bedrooms; Private upstairs balcony measuring almost 120 sq ft; Attached garage entry, pantry, storage, and laundry room with deep utility sink
