Newly Built
For Sale
$560,000
506 N Kent Place, Kennewick, WA 99336
Two single-level residences feature contemporary finishes, private fenced yards, and existing leases.
Property Size2,038 SF
Price / SF$274.78
Days on Market51
Property Features for 506 N Kent Place
General Information
Standard status
Active
Size
2,038 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA
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 17
Changed: Oct 3
Last Checked: Oct 5 at 7:09PM
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 comprises two single-level residences, each measuring approximately 1,017 square feet within a 2,038-square-foot property. Both units offer three bedrooms and one bathroom, with quartz countertops, LVP flooring throughout, and contemporary interior finishes. Fenced yard areas provide each residence with dedicated outdoor space.
Completed in April 2026, the property is currently leased in both units. The configuration combines newly completed construction with an established income-producing setup and may also accommodate future owner occupancy as lease terms change.
Completed in April 2026, the property is currently leased in both units. The configuration combines newly completed construction with an established income-producing setup and may also accommodate future owner occupancy as lease terms change.
Key Highlights
- Two‑unit duplex completed in April 2026
- Each residence is approximately 1,017 square feet with 3 bedrooms and 1 bathroom
- 2,038‑square‑foot property with two single‑level residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,727
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,540
$354.5K
Cap Rate 7%
$253,243
$253.2K
Cap Rate 9%
$196,967
$197.0K
Market Conditions
NOI Build-Up for 2,038 SF
Gross rent
$27.6K $13.56/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$25.3K $12.43/SF
− OpEx
−$7.6K −$3.73/SF
NOI
$17.7K $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%
$354,540
Cap Rate 7%
$253,243
Cap Rate 9%
$196,967
Alternative Uses
Best Use
Multifamily LT 5
$253.2K
$221.6K – $295.5K
NOI $17,727 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$224.3K
$196.3K – $261.7K
NOI $15,702 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$565.3K
$494.6K – $659.5K
NOI $39,569 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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?
Duplex - Two single-level residences feature contemporary finishes, private fenced yards, and existing leases.
Where is this duplex located?
The property is located at 506 N Kent Place Kennewick, WA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two‑unit duplex completed in April 2026; Each residence is approximately 1,017 square feet with 3 bedrooms and 1 bathroom; 2,038‑square‑foot property with two single‑level residences
