New Construction
For Sale
$799,000
5861 & 5865 W 40th Ct, Kennewick, WA 99338
Two residences feature upscale finishes, private backyards, and included appliances.
Property Size2,984 SF
Price / SF$267.76
Days on Market61
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Property Features for 5861 & 5865 W 40th Ct
General Information
Standard status
Active
Size
2,984 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
Windermere Group One/Tri-Cities
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Aug 16
Changed: Oct 15
Last Checked: Oct 14 at 11:14PM
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.
Completed in 2026, this duplex property contains two residences totaling 2,984 square feet. Each unit offers just under 1,500 square feet with three bedrooms and two-and-a-half bathrooms. Interior details include water-resistant laminate flooring in the bedrooms, stairs, and primary living areas, along with tiled bathrooms, quartz countertops, stainless steel appliances, full-height kitchen backsplashes, and a blend of painted and stained cabinetry with crown molding. Wood-wrapped windows and doors add a finished architectural detail throughout both homes.
Each residence includes a private backyard with pet-resistant turf and zero-maintenance landscaping, plus a full appliance package. The property is near Bob Olsen Parkway and Southridge High School, with freeway access and proximity to shopping, dining, parks, schools, and everyday amenities. The listed address is 5861 & 5865 W 40th Ct, Kennewick, WA 99338.
Each residence includes a private backyard with pet-resistant turf and zero-maintenance landscaping, plus a full appliance package. The property is near Bob Olsen Parkway and Southridge High School, with freeway access and proximity to shopping, dining, parks, schools, and everyday amenities. The listed address is 5861 & 5865 W 40th Ct, Kennewick, WA 99338.
Key Highlights
- Two duplex residences total 2,984 square feet
- Each unit has just under 1,500 square feet, 3 bedrooms, and 2.5 bathrooms
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,956
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,120
$519.1K
Cap Rate 7%
$370,800
$370.8K
Cap Rate 9%
$288,400
$288.4K
Market Conditions
NOI Build-Up for 2,984 SF
Gross rent
$40.5K $13.56/SF
− Vacancy
−$3.4K −$1.13/SF
EGI
$37.1K $12.43/SF
− OpEx
−$11.1K −$3.73/SF
NOI
$26.0K $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%
$519,120
Cap Rate 7%
$370,800
Cap Rate 9%
$288,400
Alternative Uses
Best Use
Multifamily LT 5
$370.8K
$324.5K – $432.6K
NOI $25,956 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$328.4K
$287.4K – $383.2K
NOI $22,990 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$827.7K
$724.2K – $965.6K
NOI $57,936 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 99338, WA
19,117
Population
6,909
Households
2.8
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
35.5 sq mi
ZIP Area
539
Density / Sq Mi
$116,002
Median Household Income
$55,295
Median Earnings
$1,474
Median Rent
$526,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature upscale finishes, private backyards, and included appliances.
Where is this duplex located?
The property is located at 5861 & 5865 W 40th Ct Kennewick, WA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two duplex residences total 2,984 square feet; Each unit has just under 1,500 square feet, 3 bedrooms, and 2.5 bathrooms; Built in 2026
