Updated Four-Plex Income
6702 W 1st Ave. Kennewick, WA 99336
New
6702 W 1st Ave., Kennewick, WA, 99336
$669,000
For Sale
$669,000
MULTI_FAMILY - Kennewick, WA
Property Size3,734 SF
Lot Size0.24 Acres
Price / SF$179.16
Days on Market1
Property Features for 6702 W 1st Ave.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI-FAMILY RE
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 8, Bathroom 3, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 4
- Appliances
- Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 105891010617001
- Size
- 3,734 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 71
Utilities
- Heating system
- Baseboard
- Cooling system
- Central Air
Building Details
- Year built
- 1978
- Number of units
- 4
- Building materials
- T1-11
Listing Agency
EXP Realty, LLC Tri Cities
(888) 317-5197
3311 Clearwater Ave Suite D239, Kennewick, WA
Listed by
Richelle Davis
(509) 212-9945
Added: Jul 17 Checked: Jul 17 at 8:06 pm
MLS# 294811
Listing URL
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.
Investment Insights
Based on property information with market context.
This updated four-plex offers four separate units, each featuring 2 bedrooms and 1 bathroom. Units include a kitchen with dining area, a utility closet with washer/dryer hook-ups, and a spacious family room with slider access to upper-level balconies or lower-level patios overlooking the backyard. The property also features utility conveniences such as tenant-accessible covered living areas and outdoor storage for Unit A and Unit C. Appliances included in each unit are a refrigerator, stove, dishwasher, and microwave. Reported owner utility responsibility includes water, irrigation, and sewer, while tenants pay all other utilities.
The recent improvements listed include new interior paint, new floors, a new roof, new HVAC systems, new fencing, new parking lot, and new stairway/landings with new railings. Unit A is vacant, and Units B, C, and D are rented per the provided information.
All units are part of a multifamily configuration within MULTI-FAMILY RE zoning in Kennewick, WA.
The recent improvements listed include new interior paint, new floors, a new roof, new HVAC systems, new fencing, new parking lot, and new stairway/landings with new railings. Unit A is vacant, and Units B, C, and D are rented per the provided information.
All units are part of a multifamily configuration within MULTI-FAMILY RE zoning in Kennewick, WA.
Key Highlights
- Four‑plex built in 1978 with all units configured as 2 bed, 1 bath.
- Updates noted: new roof, new HVAC systems, new interior paint, new floors, new stairway/landings, and new railings.
- New exterior improvements include a new fence, new parking lot, and outdoor storage closets for Units A & C.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.6k | $13.56 |
| − Vacancy | −$4.2k | −$1.13 |
| EGI | $46.4k | $12.43 |
| − OpEx | −$13.9k | −$3.73 |
| NOI | $32.5k | $8.70 |
3,734 SF · lease $13.56/SF/yr · vacancy 8.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$464.0K
$406.0K – $541.3K
NOI $32,480 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$411.0K
$359.6K – $479.5K
NOI $28,769 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.04M
$906.2K – $1.21M
NOI $72,497 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units with updated roof, HVAC, and finishes, plus tenant-paid utilities and in-unit appliances.
Where is this quadplex located?
The property is located at 6702 W 1st Ave. Kennewick, WA.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Four‑plex built in 1978 with all units configured as 2 bed, 1 bath.; Updates noted: new roof, new HVAC systems, new interior paint, new floors, new stairway/landings, and new railings.; New exterior improvements include a new fence, new parking lot, and outdoor storage closets for Units A & C.
