New Construction
For Sale
$580,000
502 N Kent Place, Kennewick, WA 99336
Two single-level residences combine contemporary finishes with fenced outdoor space on a corner lot.
Property Size2,214 SF
Price / SF$261.97
Days on Market57
Property Features for 502 N Kent Place
General Information
Standard status
Active
Size
2,214 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
fenced yard
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Windermere Group One/Tri-Cities
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Aug 11
Changed: Oct 3
Last Checked: Oct 5 at 6:57PM
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 Windermere Group One/Tri-Cities
Investment Insights
Based on property information with market context.
This duplex is scheduled for completion in July 2026 and contains 2,214 square feet across two single-level residences. Each unit includes 3 bedrooms and 2 bathrooms, along with quartz countertops, LVP flooring, and updated interior finishes. One residence is vacant, while the second offers rental income potential for an owner-occupant or investor.
The property sits on a corner lot at 502 N Kent Pl in Kennewick, WA, with fenced yard areas serving the residences. The two-unit configuration and separate living spaces provide flexibility for occupancy and leasing, while the newer construction supports a low-maintenance residential setup.
The property sits on a corner lot at 502 N Kent Pl in Kennewick, WA, with fenced yard areas serving the residences. The two-unit configuration and separate living spaces provide flexibility for occupancy and leasing, while the newer construction supports a low-maintenance residential setup.
Key Highlights
- New duplex completed in July 2026
- 2,214 square feet across two residences
- Each unit offers 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,258
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,160
$385.2K
Cap Rate 7%
$275,114
$275.1K
Cap Rate 9%
$213,978
$214.0K
Market Conditions
NOI Build-Up for 2,214 SF
Gross rent
$30.0K $13.56/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$27.5K $12.43/SF
− OpEx
−$8.3K −$3.73/SF
NOI
$19.3K $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%
$385,160
Cap Rate 7%
$275,114
Cap Rate 9%
$213,978
Alternative Uses
Best Use
Multifamily LT 5
$275.1K
$240.7K – $321.0K
NOI $19,258 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$243.7K
$213.2K – $284.3K
NOI $17,058 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$614.1K
$537.3K – $716.4K
NOI $42,986 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
487
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two single-level residences combine contemporary finishes with fenced outdoor space on a corner lot.
Where is this duplex located?
The property is located at 502 N Kent Place Kennewick, WA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: New duplex completed in July 2026; 2,214 square feet across two residences; Each unit offers 3 bedrooms and 2 bathrooms
