Six-Unit Duplex
New
For Sale
$2,067,900
6910 thru 6960 Sully Lane, West Richland, WA 99353
Residential Income, West Richland, WA
Property Size8,124 SF
Lot Size0.49 Acres
Price / SF$254.54
Days on Market2
Property Features for 6910 thru 6960 Sully Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MULTI-FAMILY RE
Bedrooms
18
Bathrooms
6
Full bathrooms
8
Rooms
Bedroom 8, Bedroom 3, Bedroom 16, Bedroom 17, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 11, Dining Room, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 6, Bathroom 5, Bedroom 6, Bedroom 18, Bathroom 7, Bedroom 15, Bathroom 4, Bathroom 8, Bedroom 9, Bedroom 10, Bedroom 14, Bedroom 12, Bedroom 4, Bedroom 13
Parking features
Open, Garage, Off Street
Window features
Bay Window(s), Triple Pane Windows, Vinyl Frames
Patio and Porch features
Patio
Interior features
Bath Off Primary, Carpets, Raised Ceiling(s), Kitchen/Dining Room Combo, Storage, Garden Tub, Utility, Walk-In Closet(s), Ceiling Fan(s), Master Suite, Kitchen Island
Exterior features
Fencing/Enclosed, Lighting, Landscaped, View, Corner Lot, Cul-de-Sac
Fencing
Fenced
Appliances
Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Washer, Oven, Range
Subdivision
West Richland
Lot features
Approved Plat Map, Loc in City Limits, Located in County, Plat Recorded
Elementary school district
RICHLAND
Middle school district
RICHLAND
High school district
RICHLAND
Directions
Van Giesen St to Belmont-left, Left on Sully
Standard status
Active
APN
See notes!
Size
8,124 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
15082
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
underground sprinklers
full vinyl fencing
Building Details
Year built
2018
Number of units
6
Flooring type
Carpet
Building materials
Cement Board
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Retter and Company Sotheby's · Sotheby's International Realty
(509) 783-8811
Listed By:
Julie Lynch · License #101749
(509) 727-7479
Added: Aug 31
Last Checked: Sep 1 at 12:06AM
MLS# 296053
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 offering combines three duplex buildings with six tenant-occupied units totaling 8,124 square feet. Built in 2018, each unit measures approximately 1,354 SF and includes three bedrooms, 2.5 bathrooms, central heating and air, a kitchen island, storage, and a primary suite. Interior finishes include granite countertops, Alder cabinetry, brushed nickel fixtures, wood-look LVP in the main living areas, and carpeted bedrooms. Appliances include refrigerators, dishwashers, microwaves, ranges, washers, and dryers.
The property sits on 0.49 acres at 6910 thru 6960 Sully Lane in West Richland, Washington, within MULTI-FAMILY RE zoning. The grounds are professionally landscaped with underground sprinklers and full vinyl fencing. Additional site features include open and garage parking, a patio, and a cul-de-sac setting with views. All three buildings received brand-new roofs and fresh exterior paint in 2026.
The property sits on 0.49 acres at 6910 thru 6960 Sully Lane in West Richland, Washington, within MULTI-FAMILY RE zoning. The grounds are professionally landscaped with underground sprinklers and full vinyl fencing. Additional site features include open and garage parking, a patio, and a cul-de-sac setting with views. All three buildings received brand-new roofs and fresh exterior paint in 2026.
Key Highlights
- Three duplex buildings with six total rental units
- 8,124 square feet across the portfolio; each unit is approximately 1,354 SF
- Six units, each with 3 bedrooms and 2.5 bathrooms
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
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
32
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
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex portfolio with updated roofs, landscaped grounds, and individual three-bedroom floor plans.
Where is this duplex located?
The property is located at 6910 thru 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 with six total rental units; 8,124 square feet across the portfolio; each unit is approximately 1,354 SF; Six units, each with 3 bedrooms and 2.5 bathrooms
