Single-Story
506 N Kent Place, Kennewick, WA 99336
For Sale
$560,000
Residential Income, Kennewick, WA
Property Size2,038 SF
Lot Size0.16 Acres
Price / SF$274.78
Days on Market97
Property Features for 506 N Kent Place
General Information
Property type
Property subtype
Property condition
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Fencing
Basement
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Cooling system
Water source
Amenities
fenced yard
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Retter and Company Sotheby's · Sotheby's International Realty
(509) 783-8811
Listed By:
Monroe Davis
(509) 528-2178
Added: Aug 6
Changed: Nov 7
Last Checked: Nov 10 at 5:06AM
MLS# 295337
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.
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Investment Insights
Based on property information with market context.
This duplex contains two independent, single-level homes, each with approximately 1,017 square feet, three bedrooms, and one bathroom. Interior finishes include quartz countertops and vinyl plank flooring. Both residences have fenced yard space, a patio, and off-street parking. The kitchens include a dishwasher, disposal, microwave, and range/oven. Heating and cooling are provided by heat pumps, with central air also listed among the features.
The property is zoned MULTI-FAMILY RE and occupies a 0.16-acre parcel in Kennewick. Public water and electricity availability are listed for the site.
The property is zoned MULTI-FAMILY RE and occupies a 0.16-acre parcel in Kennewick. Public water and electricity availability are listed for the site.
Key Highlights
- Two independent residences, each with approximately 1,017 square feet
- Each home has three bedrooms and one bathroom
- MULTI‑FAMILY RE zoning on a 0.16‑acre parcel
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
487
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
$292,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Benton County, WA
Properties on Market for Duplexes in Benton County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a choice of leasing both homes or living in one while renting the other.
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 independent residences, each with approximately 1,017 square feet; Each home has three bedrooms and one bathroom; MULTI‑FAMILY RE zoning on a 0.16‑acre parcel
