Three-Duplex Rental
New
For Sale
$2,067,900
6910 - 6960 Sully Lane, West Richland, WA 99353
Tenant-occupied units feature updated interiors, private fenced grounds, and central heating and air.
Property Size8,124 SF
Price / SF$254.54
Days on Market2
Property Features for 6910 - 6960 Sully Lane
General Information
Standard status
Active
Size
8,124 SF
Property subtype
Multi-Family
Building Details
Year Built
2018
Listing Agency:
Windermere Group One/Tri-Cities
(509) 949-1771
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Sep 1
Last Checked: Sep 1 at 9:19PM
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 offering combines three duplex buildings with six tenant-occupied units totaling 8,124 square feet. Built in 2018, each approximately 1,354 SF residence includes 3 bedrooms, 2.5 bathrooms, central heating and air, wood-look LVP flooring in the main living areas, carpeted bedrooms, and a full appliance package with refrigerator, dishwasher, microwave, range, washer, and dryer. Granite countertops, Alder cabinetry, brushed nickel fixtures, Hardie lap siding, and full soffit packages complete the interiors and exteriors.
The buildings are situated at 6910 - 6960 Sully Lane in West Richland, Washington, within a cul-de-sac setting. Professionally landscaped grounds include underground sprinklers, full vinyl fencing, and panoramic views. Brand-new roofs and fresh exterior paint were completed on all three buildings in 2026.
The buildings are situated at 6910 - 6960 Sully Lane in West Richland, Washington, within a cul-de-sac setting. Professionally landscaped grounds include underground sprinklers, full vinyl fencing, and panoramic views. Brand-new roofs and fresh exterior paint were completed on all three buildings in 2026.
Key Highlights
- Three duplex buildings offered together as one six‑unit portfolio
- Six units totaling 8,124 SF; each unit is approximately 1,354 SF
- Built in 2018 with 3 bedrooms and 2.5 bathrooms per unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,666
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,413,320
$1.4M
Cap Rate 7%
$1,009,514
$1.0M
Cap Rate 9%
$785,178
$785.2K
Market Conditions
NOI Build-Up for 8,124 SF
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.
Gross rent
$110.2K $13.56/SF
− Vacancy
−$9.2K −$1.13/SF
EGI
$101.0K $12.43/SF
− OpEx
−$30.3K −$3.73/SF
NOI
$70.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,413,320
Cap Rate 7%
$1,009,514
Cap Rate 9%
$785,178
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.3K – $1.18M
NOI $70,666 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$894.2K
$782.4K – $1.04M
NOI $62,592 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,731 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 99353, WA
17,934
Population
6,592
Households
2.7
Avg Household Size
37
Median Age
40%
College-Educated
93%
High-School Grad
25.8 sq mi
ZIP Area
695
Density / Sq Mi
$120,396
Median Household Income
$59,812
Median Earnings
$1,534
Median Rent
$407,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied units feature updated interiors, private fenced grounds, and central heating and air.
Where is this duplex located?
The property is located at 6910 - 6960 Sully Lane West Richland, WA.
What is the asking price?
The asking price for this property is $2,067,900.
What are key features of this property?
This property features: Three duplex buildings offered together as one six‑unit portfolio; Six units totaling 8,124 SF; each unit is approximately 1,354 SF; Built in 2018 with 3 bedrooms and 2.5 bathrooms per unit
